Business & Economy - Page 87

Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday – yesterday, February 1. Mr Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, said this

The Nigeria Export Promotion Council (NEPC) has disclosed that the Central Bank of Nigeria (CBN) has approved CFA Franc to be captured on Nigeria Export Proceed (NXP) forms for the repatriation of export proceeds. Mrs Nonye Ayeni, Executive Director of the NEPC,

The Nigerian stock market maintained its upward momentum on Thursday – yesterday, January 30 – driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share. This contributed an additional N347 billion gains to the market

Nigeria’s financial services system recorded electronic payment transactions to the tune of  N1.07 quadrillion in 2024 – a point never witnessed in the country’s financial services history. A quadrillion is an equivalent of N1,000 trillion – about $702.6 billion based on the

The Kebbi State Chapter of the Coalition of Northern Groups (CNG) has expressed strong reservations about the proposed tax reform bills currently before the Senate for consideration and possible passage into law. Co-ordinator of CNG, Kebbi State chapter, Comrade Mansur Isah

The Federal Government has launched a massive ultramodern fashion manufacturing hub in Maiduguri, which is expected to create over 48,000 jobs in Borno State. Vice-President Kashim Shettima, who inaugurated the facility on Tuesday – yesterday, January 28 – reiterated the government’s commitment

The Murtala Muhammed Area Command (MMA) of the Nigeria Customs Service (NCS) has announced a commanding achievement of N180.7 billion in revenue generation in 2024. Comptroller Micheal Awe, Customs Area Controller, MMA, who released the scorecard while briefing newsmen in Lagos on Tuesday

The Federal Inland Revenue Service(FIRS) and the Nigerian Sovereign Investment Authority (NSIA) have engaged government revenue agencies and private sector players on implementing the National Single Window (NSW) initiative for streamlined operations. Dr Zacch Adedeji, Executive Chairman of FIRS, said that

The Manufacturing Association of Nigeria (MAN) has reported a concerning trend within the industry, revealing that about 767 manufacturing companies shut down operations while 335 experienced distress in 2023. This development is attributed to various economic difficulties, including exchange rate volatility,