Business & Economy - Page 74

Less than 48 hours after Aba Power assured electricity consumers in the Aba Ringfence, comprising nine of the 17 local government areas in Abia State, of its readiness to start supplying areas in its coverage area affected by the ongoing maintenance

The Nigeria Ports Authority (NPA) says it is reviewing its charges upward by 15 per cent, citing a need for competitiveness and infrastructural upgrades. Managing Director of the NPA, Dr  Abubakar Dantsoho, who disclosed the plan at a maritime stakeholders’ meeting held

The House of Representatives has urged the Federal Government to immediately halt all divestment processes by Shell, TotalEnergies and other International Oil Companies (IOCs) in the Niger Delta, until they have addressed their environmental and social liabilities. The House, which also

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