Business & Economy - Page 112

The Crude Oil Refinery-owners Association of Nigeria (CORAN) says the commencement of production of Premium Motor Spirit (PMS) by Dangote Refinery has reinforced Nigeria’s position on the global energy stage. Chairman of the association, Mr Momoh Oyarekhua, said this on Thursday in

By Mike Abbah The naira dropped significantly in the Nigerian Foreign Exchange Market (NAFEM) on Wednesday, September 4, 2024where it exchanged for N1,625.88 to the dollar. This marks the lowest exchange rate since March 8, 2024, when NAFEM recorded a performance

The Vice President, Kashim Shettima has inaugurated a comprehensive USD 115 million upgrade project at the West Africa Container Terminal (WACT) in Onne, Rivers State, underscoring  APM Terminals’  commitment to Nigeria’s economic growth. The Vice President, who was represented by the Personal

Miffed by the relentless harassment and extortion of its members by hoodlums, the Association of Maritime Truck Owners in Lagos State has appealed to the federal government to take decisive actions against the hoodlums aka ‘Area Boys’, warning that they will be

As part of renewed efforts to enhance economic cooperation between Nigeria and Ghana, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Ghana National Chamber of Commerce and Industry (GNCCI) have signed a Memorandum of Understanding (MoU)

The UN Secretary-General Antonio Guterres is expected to highlight the importance of South-South cooperation to build solidarity and drive progress on shared development goals. Guterres, who arrived in China on Tuesday, would take part in the 2024 Summit of the Forum on

The Social Democratic Party (SDP) candidate in the 2023 presidential election, Prince Adewole Adebayo, has urged the federal government to invest massively in public transportation as a way of tackling the current petroleum crisis in the nation, stressing that Nigeria has not

The Lagos Chamber of Commerce and Industry (LCCI) has said that the hike in fuel price from N568 to N855 would trigger widespread price increases, potentially reversing the recent ease in inflation. Director General, LCCI, Dr Chinyere Almona, said this in a

Nigeria-China deal to boost transparency – Gov. Sani Gov. Uba Sani of Kaduna says the signing of a Memorandum of Understanding (MoU) between the Nigerian and Chinese government will further advance transparency and effective public service delivery. Sani disclosed this while briefing Journalists in view of

Condemnation has trailed the fuel price hike from N617/litre to a staggering N897/per litre, announced by the Nigeria National Petroleum Corporation Limited Retail Management yesterday, Tuesday, September 3.   The Network Against Corruption And Trafficking (NACAT), in a statement issued today (Wednesday,