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Friday, May 7, 2021
Refineries

China demands more crude oil from Nigeria

China is seeking more crude oil exports from Nigeria in spite of the recent changes in oil prices, the Chinese Embassy’s Economic and Commercial...

NNPC may emerge sole petroleum products importer

There are indications that major and independent marketers may be excluded from petroleum products import in the second quarter. The Guardian learnt that this is...
Refineries

Fuel scarcity: CBN, NNPC discuss forex for marketers

The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu, yesterday revealed that his office was strategising to collaborate with the Central Bank of...

FG may intervene in telcos N30bn interconnectivity debt

The Federal Government is set to resolve interconnectivity debt, estimated at N30bn, among telecommunications companies in the country, it has been learnt. It was learnt...

fuel scarcity may linger till March end-NUPENG

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Friday said that the ongoing fuel scarcity in the country might linger till...

FG needs N20bn for overhauling Customs equipment

The federal government is to embark on total overhaul of equipment being used by the Nigeria Customs Service (NCS) at the nation’s airports as...
Refineries

FG needs $500m to fix refineries – Kachikwu

The minister of state for petroleum resources, Mr. Ibe Kachikwu, has revealed that between $300 million and $500 million will be required to fix...

Nigeria’s steel market faces Glut

As the glut in global steel production heightened, with many steel industrial firms shutting down, local steel manufacturers may have begun to feel the...

Tax exemption: Nigeria loses $3.3bn to NLNG project

Nigeria may have lost $3.3 billion on the Nigerian Liquefied Natural Gas, NLNG, project as a result of the 10-year tax holiday granted during...

MTN proposes N300bn as Settlement for Fine

The Senate Committee on Communications yesterday revealed that MTN Communications Nigeria Limited has proposed to pay N300 billion ($1.5 billion) in the ongoing negotiations...

Nigeria’s foreign portfolio slides by 21.6%

Foreign portfolio investments (FPI) in Nigeria have continued to dwindle as latest investment report indicates that Nigeria recorded about 21.6 per cent foreign portfolio...

Dangote to generate 12,000MW electricity

The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by...

MTN Group Grows Nigeria’s Economy by 4.5%

The South Africa-based MTN Group said it had invested over $16 billion in Nigeria over the past 15 years of MTN Nigeria’s operations in...

FG mulls construction industry for economic growth

The Federal Government will look at the construction sector to grow its potential, Minister of Power, Works and Housing Babatunde Fashola has said. The minister...

Nigeria Needs Cooperative Lending Model – SMEDAN

Director General ( DG), Small and Medium Enterprises Development Agency of Nigeria ( SMEDAN), Bature Masari has said that until every Nigerian, particularly, the...

NSE gives Companies 19-day deadline to submit annual reports

Companies quoted on the Nigerian Stock Exchange (NSE) have 19 working days to submit their audited report and accounts for the past business year...
NBS National Bureau of Statistics

Investment: IMF, NBS Launch e-GDDS platform 

The International Monetary Fund (IMF) and the National Bureau of Statistics (NBS) have unveiled the Enhanced General Data Dissemination System (e-GDDS) aimed at attracting...

MTN Sets Aside $600m For Nigeria Fine

South Africa’s MTN Group has set aside around 600 million dollars to cover the potential settlement of a fine in Nigeria, it said on...

Nigeria’s crude oil production to decline by 70,000bpd

The International Energy Administration (IEA) expected Nigeria’s oil production to decline by 70,000 barrels per day (bpd) by 2021 to 1.85 million bpd due...

FG using 75% of revenue to service debts – IDB

The Islamic Development Bank (IDB) said Nigeria was using 75 percent of its revenue to service debts incurred over the years. The Resident Representative of...