DisCos Say Without Subsidy, Most Nigerians Can’t Afford Cost of Electricity
The Association of Electricity Distributors of Nigeria (ANED) has said that without electricity subsidy, most Nigerians will not be able to afford the actual cost of power supplied them.
This was even as it said...
Stock Investors Lose N156bn Following Profit-taking
Investors on the local equity market saw their wealth depreciating by N156bn at the close of last week’s trading following profits-taking and selling sentiments.
During the week, the market reacted to the latest inflation data published by the National Bureau...
Naira Slumps Further , Exchanges 1,190/$
The naira has maintained its downward trend as scarcity of the dollar bites harder.
At the parallel market, naira commenced trading at 1,175/$ and closed at 1,190/$ on Friday.
Two weeks earlier, the naira had traded at 1,100/$ at the parallel...
In Three Years, Nigeria’s Export to Angola Hits $16.8m
Nigeria's exports to Angola hit $ 16.8 million between 2020 and 2022, the Secretary of State for International Cooperation and Angola communities, Domingos Lopes, said.
Lopes stated this at the first interactive Angola-Nigeria business forum held in...
NNPC, PTI to Develop CNG Conversion Technology for Tricycle, Automobiles
The Petroleum Training Institute (PTI) has said that it is working with the Nigerian National Petroleum Company Research, Technology and Innovation Division (NNPC RTI) to develop Compressed Natural Gas (CNG) conversion technology for automobiles and...
Fuel Scarcity: NNPCL Warns Against Panic Buying
There was a disagreement between oil marketers and the Nigerian National Petroleum Company Limited on Thursday over the supply of Premium Motor Spirit, popularly called petrol, as queues by motorists for the commodity in filling stations grew worse.
Dealers...
