Business & Economy - Page 71

The Forum of Concerned Stakeholders in the Nigerian Minerals and Mining Sector has denied making any inputs in the recent increase in fees, rents, and royalties in the mineral resources sector, claiming the hike in dues was implemented without proper consultation with

An oil and gas company, Matrix Energy Group (MEG), has denied the allegation that it imports substandard petroleum products into Nigeria, slamming it as “false, wicked and misleading.”    In a statement issued Wednesday (today, August 21) in Warri, MEG stated that since

The Food and Agriculture Organisation (FAO) has disclosed that eight Local Government Areas in Cross River are to benefit from its sustainable cocoa and oil palm production project. The five-year project, funded by the Global Environmental Facilities (GEF) through FAO, covers Akpabuyo,

Oil producers, represented by the Independent Petroleum Producers Group (IPPG), have objected to the current state of affairs in the oil industry where it would appear they are practically being forced to sell crude oil to the Dangote Refinery and other local

The United States government has announced an allocation of $27 million in humanitarian aid specifically designated for Nigeria, as part of its broader efforts to support Sub-Saharan Africa. The U.S. Mission in Nigeria shared this update on Wednesday through its official X

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that it has not paid any fuel subsidies in the last nine months. In a statement Monday (yesterday, August 19), the company’s Chief Financial Officer, Alhaji Umar Ajiya, said in Abuja that

By Mike Abbah A former deputy director at the Central Bank of Nigeria (CBN), Prof Kingsley Moghalu, has faulted direct funding of Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) by the apex bank. . In

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurement, and construction (EPC) contractors of the Nigeria LNG

By Mike Abbah  The 2024 half-year financial results of Nigeria’s listed companies showed that many consumer goods firms are battling for breath as they struggled to lift margins. Their profit and revenue haul were severely impacted, while the key cost indices

By Mike Abbah Contrary to the impression conveyed by the Nigerian government and its officials that the economic policies of President Bola Tinubu will boost foreign investment, the Private Equity and Venture Capital Association of Nigeria (PEVCA) has warned the reverse may