Over N120bn Raw Sugar Imported In The Last Few Months         More than N120 billion raw sugar was imported into the country in the last few months, it was learnt. It was projected that the country would need 1.7 million metric tons to meet local consumption in...

Local Airlines Hike Fares To 100%         One of the most expensive pricing regimes in local airfares may be upon the aviation industry, as ticket rates have more than doubled in a week. The spike, which operators blamed on an exchange rate that hit N500 to $1...

Cost Of Doing Business Rises By 600% At Tin Can Port         The cost of doing business especially for importation of goods through the Tin Can Island Port (TCIP) in Lagos has risen by 600 per cent in just one year. This is as importers and other...

Fed Govt Begins N30,000 Grants To Drivers, Cart Pushers           The Federal Government has launched the transport support track under its MSME Survival Fund schemes for artisans and transporters. President’s spokesman, Laolu Akande, in a statement issued on Sunday, said the grant was in continuation of the...

Fed Govt Grants Importers N342bn Waivers       The federal government of Nigeria on Thursday said it granted N342bn waivers to importers in the last two years. Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at the second phase of the one-day sensitisation seminar on...

Nigeria Most Expensive For Upstream Projects – Kyari         The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate...