Category: Business
Inflation rate rises in November ahead of Christmas shopping
The National Bureau of statistics (NBS), has released the Consumer Price Index (CPI), which measures inflation rate for the month of November. According to the NBS, the...
FIRS generates N5tn, targets N5.3tr by year-end
THE Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler has said the Service has generated N5 trillion by the second week of December 2018, adding...
CBN adds more to 41 items not eligible for forex
The Central Bank of Nigeria (CBN) on Monday added one more item to the 41 items not eligible for foreign exchange (forex). The Apex bank added fertiliser to the list of...
Nothing illegal about withdrawal from NLNG dividends – NNPC
The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from the Nigerian Liquefied Natural Gas (NLNG) Dividend...
Scarcity looms as fuel marketers reject FG’s plea, says 7-day ultimatum stands
Oil marketers and depot owners have rejected pleas and offers from the Federal Ministry of Finance, declaring that they had no agreement to halt shut down of their...
Oil marketers agree to make fuel available
The Independent Oil Marketers on Thursday agreed to supply fuel throughout the federation without hindrance. The Marketers had threatened to close down the depots if the...
AMPs will Bring N740 billion in recoveries – AMCON MD
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has again pledged the full support of...
Nigeria loses $800m to pipeline surveillance contract’s breaches
Nigeria has lost over $800 million to breaches of contracts on surveillance and protection of the strategic 87-kilometre Trans Forcados Pipeline (TFP). The...
Scarcity: Snags as Independent marketers opt out of 7-day ultimatum
The Federal Government on Tuesday broke through the ranks of fuel marketers over seven-day ultimatum given to it to pay N800 billion subsidy claims. The Independent...
Interview: ‘Nigeria now depends almost 100 percent on importation of fuel’
Our refinery is going to operate efficiently, with targeted uptime of over 300 days per annum, because it is privately-owned. We will save all the oil producers in our...
