NNPC Pegs Kerosene At N150 Per Litre

August 8, 2016
  kerosene queue The Nigeria National Petroleum Corporation (NNPC) has fixed the official depot price of kerosene in the country at N150 per litre. This was disclosed by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in an interview with the News Agency of Nigeria (NAN). South-West Chairman of NUPENG, Tokunbo Korodo, told NAN during the interview in

FG Partners Plateau On Illegal Mining

August 8, 2016
The Federal Government has said it will work in collaboration with Plateau State government to tackle illegal mining in the state. Minister of Solid Minerals Development, Dr Kayode Fayemi, disclosed that the FG is worried over activities of illegal miners in the country, especially in Plateau, which is blessed with several solid minerals. The Minister appealed to the state government

SLA Picks 10 Entrepreneurs For Accelerator Programme

August 8, 2016
Ten persons have been selected by the She Leads Africa (SLA) for the 2016 SLA Accelerator Programme which commenced on July 11 in Lagos. About 120 applications were received from across Nigeria, but only 10 start-ups’ ideas caught the attention of the organisers based on their traction and progress in the market, management team and vision to grow and scale

Dangote To Kick Off Coal Mining

August 9, 2016
Plans have been concluded by Dangote Cement Plc, a subsidiary of Dangote Group, to commence mining its own coal at Ankpa in Kogi State. This, the company said, will begin by the fourth quarter of 2016. Dangote Group Chief Executive Officer, Mr Onne van der Weijde, while addressing stockbrokers at the company’s Facts Behind Figures on the Nigerian Stock Exchange

Reps To Amend Nigerian Tax Laws

August 9, 2016
Worried by the various problems associated with the tax system in Nigeria, especially in the business sector, the House of Representatives has moved to revisit various tax laws in the country. A bill has already been moved and a public hearing held to seek public input on the bill. The lawmakers will consider making tax increase an exclusive legislative affair

Politics

AP Moller-Maersk

AP Moller-Maersk Denies $600m Port Investment With Nigeria

April 30, 2024
By Adedapo Adesanya Danish shipping giant, AP Moller-Maersk, has denied recent claims by the Presidency that it will invest $600 million in Nigeria’s port expansion and improvement project. This marks yet another gaffe from the presidency after it claimed that the United Arab Emirates (UAE) had lifted a visa ban on Nigerians, a statement that originated from the Special Adviser

Travel

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import duty N952

CBN Raises Import Duty 14% to N1,327.35/$1 as Naira Weakens

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has once again raised the customs import duty at the nation’s ports with importers now charged N1,327.35/$ per Dollar, signifying a 14 per cent rise. Information obtained from the official trade portal of
April 29, 2024
NMDPRA

Scarcity: NMDPRA Threatens Marketers Hoarding Fuel

By Adedapo Adesanya As Nigerians continue to feel the biting fuel scarcity across the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petroleum marketers against hoarding the products. Across the country, petrol queues have emerged with prices above
April 29, 2024
rivers fire incident

FRSC Blames Reckless Driving for Rivers Fire Disaster

By Bon Peters Reckless driving allegedly by two tanker drivers has been blamed for the fire incident that occurred in Rivers State over the weekend. The Rivers Sector Commander of the Federal Road Safety Corps (FRSC), Mr Chris Kuje, said, according to
April 29, 2024
Fidson

Subscription for Fidson N10bn Commercial Paper Closes

By Aduragbemi Omiyale The N10 billion commercial paper put up for sale by Fidson Healthcare Plc has closed, Business Post reports. The drug manufacturing firm offered the debt instrument to investors under its N25 billion commercial paper programme. Subscriptions for Series 9
April 29, 2024
NASD Investors' Portfolios

NASD Investors Gain N61bn in Five Days

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded one of its best performances this year after posting a week-on-week growth of 4.25 per cent in Week 17. This increased the wealth of NASD investors by NN61 billion as a result
April 29, 2024