NNPCL, Marketers Fuel Vessels Arrive Next Week – IPMAN   Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers...

Forex Turnover In I&E Drops By 35% To $13.11bn In H1, 2023   The foreign exchange segment of the economy was marked by downward trend in the first half of the year, H1’23 reflected in the 35 per cent, year-on-year (YoY) decline in the volume of...

India Invites Tinubu for September G20 Summit  The government of India has invited President Bola Ahmed Tinubu to the G20 summit for this year. The G20 summit comes up in India between September 9 and 10, 2023. The G20 brings together the world’s major and systemically important...

More Multinational Companies May Exit Over Electricity Tariff - MAN   The Manufacturers Association of Nigeria (MAN) has warned that implementation of the proposed hike in electricity tariff by power distribution companies may force more multinational companies to relocate their factories outside Nigeria. President of MAN, Francis...

Nigeria’s Intra-African Trade Drops by 12% to N842.6bn in Q1   Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023...

NCC Orders Telcos to Respond to Subscribers in 30 Mins   The Nigerian Communications Commission (NCC) is set to mandate telecommunication firms to attend to their customers within 30 minutes of arriving at any customer care center in the country. This is based on a new document...