Local Refining May Drop Petrol Price to N300/Litres – Modular Refineries
The pump price of Premium Motor Spirit, (PMS) popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular...
States Set to Eliminate Electricity Subsidy
State governments are getting set to eliminate electricity subsidies in their territories as more states gear up to join others in running their different power markets under their own laws.
In a document put together by the Nigeria Governors’ Forum,...
After 10 Weeks Decline FX Reserve Rises to $32.8bn
After a 10-week dip of $1.8bn, Nigeria’s foreign exchange reserve has shown a steady increase over the past six days, indicating a recovery process for the economy’s external reserve.
According to data from the Central Bank of...
EU Raises Schengen Visa Fee by €10
More expenses await African nationals seeking visas to enter the European Union as the EU plans to increase visa fees starting Tuesday, according to Schengen visa statistics released on Saturday.
The report stated that starting from Tuesday; African nationals...
Food, Beverage Import Bill Rises to N1.59trn in Q1 2024 – NBS
Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 trillion in the first three months of 2024.
This is according to the...
Expenditure on Fuel Import Increases by 46% in Q1 2024
Nigeria’s expenditure on fuel soared to N2.6 trillion in the first quarter of 2024, representing a 46% increase from the fourth quarter of 2023.
This data comes from the latest foreign trade report by the National...
