Business & Economy - Page 114

In a classical demonstration of the axiom ‘teaching to fish instead of simply giving fish’, a Non-Governmental Organization (NGO) Toyin Amuzu Foundation, has empowered 100 small scale entrepreneurs in Abeokuta South LG with the registration of their business names with the Corporate

The Minister of State Petroleum (Oil), Senator Heineken Lokpobiri has decried the abandonment of the Brass modern refinery in Brass Local Government Area of Bayelsa. Lokpobiri, who was in Bayelsa State to ascertain the level of work done on the project,

The Nigeria Customs Service (NCS) is implementing a 4 per cent charge on the Free On-Board value of imports. The Service’s spokesman, Abdullahi Maiwada, who made this known in a statement on Wednesday – yesterday, February 5 – in Abuja,

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the federal government for banning the exportation of crude oil allocated to local refineries. Reacting to the development on Wednesday – yesterday, February 5 – Dr Billy Gillis-Harry, PETROAN’s

The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange from a single authorised dealer per week. The bank also directed the BDCs to comply with Know Your Customer (KYC) measures.

Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally. Saudi Aramco is the official Saudi Arabian Oil Company, which is a

Nigerdock has achieved a significant safety landmark of 17 million man-hours without Lost Time Injury (LTI) across its operations. The noteworthy achievement is indicative of the company’s implementation of global safety standards and sustainable business practices, Nigerdock Chief Executive Officer, Maher Jarmakani

By MIKE ABBAH Nigeria’s external reserves decreased by about $1.19billion in just three weeks and four days. According to data from the Central Bank of Nigeria (CBN), the gross external reserves had reached a high of $40.920billion as at

By MIKE ABBAH The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to clear outstanding pension liabilities for all categories of pensioners,  a move that is seen offering long-awaited relief to retirees. The approval,

By MIKE ABBAH The value of transactions over Point of Sales (PoS) terminals in Nigeria surged to an all-time high of 18 trillion in 2024, according to data obtained from the Nigeria Inter-Bank Settlement System (NIBSS). Driven by a protracted scarcity