Business & Economy - Page 122

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed its disappointment regarding the lack of transparency in the pricing of the Premium Motor Spirit (PMS) being offered by the Dangote Refinery. When Dangote Refinery commenced its operations in

Nigeria’s Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ikechukwu Ogalla, has highlighted the significance of the nation’s underwater resources at the 14th Trans-Regional Seapower Symposium in Venice, Italy. In a statement, yesterday, Wednesday, October 9, by the Director, Naval Information,

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has expressed concern over the increase in petrol pump prices in Lagos and Abuja. Mr Dele Oye, National President, NACCIMA, made this known in a statement yesterday (Wednesday, October

By RUKUYAT ADEYEMI The stock market continued its bearish trend on Wednesday, with a N57 billion loss from investors’ portfolios. Selloffs in Tier-one banking stocks, including Zenith Bank, FBN Holdings, United Bank for Africa (UBA), Access Corporation, and Fidelity Bank, among others,

Deputy National Youth Leader of the Peoples Democratic Party ( PDP)  Timothy Osadalor, has described the latest hike in price of Premium Motor Spirit ( PMS) by the Nigerian National Petroleum Company Limited ( NNPCL), as a further demonstration of the inhuman

By RUKUYAT ADEYEMI The Nigerian Exchange Group Plc (NGX Group) has lauded the German government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) for their unwavering commitment to advancing impact investing in Nigeria This is as the NGX Group looks to

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products, Chairman, Dangote Refinery and Petrochemicals Company

By MIKE ABBAH Nigeria’s capital importation declined by 22.85% in Q2 2024 from US$3,376.01 billion in Q1 2024 to N2,604.50 billion, according to the National Bureau of Statistics (NBS). However, the figure is higher than US$1,030.21 billion recorded in