Business & Economy - Page 66

Some oil industry stakeholders have berated the Nigerian National Petroleum Company Ltd. (NNPCL) for the delay in completing the Port Harcourt Refinery turnaround maintenance so as to bring it back to operation to address recurrent fuel scarcity and price hikes in the

The Minister of Housing and Urban Development, Alhaji Ahmed Dangiwa, has called for enhanced collaboration among engineering professionals to tackle the recurring issue of infrastructure failures in the country. Dangiwa made the call during the Council for the Regulation of Engineering in Nigeria (COREN) 32nd Engineering

Gov. Dapo Abiodun of Ogun has said production by the Dangote refinery will strengthen the nation’s economy by eliminating constant shortages and conserving foreign exchange. In a statement issued yesterday (Tuesday, September 3) in Abeokuta, the Ogun State capital, by his Chief

Some filling stations including the NNPC in Osun State, on Tuesday (today, September 3), shut their doors following the rumours of increase in petrol pump price. Passengers were stranded while returning to their houses as some commercial vehicle drivers who did not

By Mike Abba Nigeria’s Letter of Credit payments declined by 57.04 %, Year-to-Date, to $391.91 million as of July 2024 compared to $912.35 million in the same period of 2023. This is according to the weekly International Payments Data provided by the

In this report, FELIX OGUEJIOFOR ABUGU, examines the hike in PMS prices announced today (Tuesday September 3) by the Nigerian National Petroleum Company Limited (NNPCL) and wonders if the start of production of PMS by the 650,000 bpd Dangote Refinery for sale

The Nigerian National Petroleum Company Limited (NNPC) raised the pump price of petrol from the official rate of N617 per litre to N897 per litre as observed today Tuesday, September 3rd 2024. This increase follows recent statements by the national oil company

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has announced that the committee is proposing new legislation to the National Assembly aimed at increasing the value-added tax (VAT) from 7.5% to 10%. During an interview on Channels

In this analysis, KAMAL TAYO OROPO of the News Agency of Nigeria (NAN), writes that with emphasis on fossil fuel as the main source of global energy  waning considerably, it is time for Nigeria, which is blessed with abundant solid mineral resources,

The Nigeria Civil Aviation Authority (NCAA) has explained why Nigeria lost its Category 1 Status, the possession of which hitherto qualified Nigerian airlines to fly into the U.S. and without which they cannot. In a statement signed by the Acting Director General, Civil