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Subsidy Removal: Marketers Galvanise For CNG Rollout At N100/litre
The national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, said the Association is 90…
Shell Pays $900m As Taxes, Royalties In 2022
Shell Nigeria Exploration and Production Company(SNEPCo) said, it paid a total of $907 million as taxes and royalties to the federal government last year as its operations continued to contribute to the national…
Alleged racism: FG restores work permit, visa of Roger Brown, Seplat CEO
Seplat Energy Plc says the federal government has restored the immigration documents of Roger Brown, its chief executive officer (CEO). The company…
OML 102: TotalEnergies discovers oil, gas offshore Nigeria
TotalEnergies, a French multinational company, has announced the discovery of Ntokon oil and gas on the oil mining lease (OML) 102 offshore Nigeria. Charles Ebereonwu, TotalEnergies country communication manager,…
Investors eye currency devaluation
Analysts are considering how soon a devaluation may happen and how deep it will be, following the removal late Friday of a…
The truth is that subsidy has been reduced — Bismarck Rewane
Bismarck Rewane, a Nigerian economist and member of the Nigerian Economic Advisory Council that acted in an advisory capacity to the government of former President Muhammadu Buhari, has insisted that the fuel subsidy…
52 per cent of Nigerian professionals considering migration, survey uncovers
As the brain drain syndrome in the health and information technology (IT) sectors persists, Phillips Consulting…
Nigeria’s Bonds Surge After Emefiele’s Sack
Nigeria’s dollar debt surged after the surprise weekend ouster of the Central Bank Governor, Godwin Emefiele, as fresh…
Investors harvest 140% return from Dangote Cement
Investors who took positions in Dangote Cement’s stock in 2020 and exited June 31, 2023 harvested 140.26 per cent returns through capital appreciation and 11.11 per cent in H1- 23. This excludes dividend payment…
Daunting expectations from Shonubi as CBN ‘housecleaning’ begins
• Races against time to articulate exchange rate harmonisation roadmap • Faces herculean task of resolving naira redesign dilemma • Teriba: Acting…
Fidelity Bank MD, Nneka Onyeali-Ikpe gets national award
Chief Executive Officer of Fidelity Bank PLC, Nneka Onyeali-Ikpe, has been listed amongst the recipients of the 2023 national awards. According to the 2023 national awards list released by the Federal Government last…
Tinubu’s Policy Advisory Council Proposes Sale of NNPC’s Stakes in Oil and Gas Assets
President Bola Ahmed Tinubu’s Policy Advisory Council has proposed the sale of the major stakes…
‘It’s witch-hunt’ – Emefiele’s Tribesmen Condemn Suspension of Ex-CBN Governor
A group of professionals from the suspended Central Bank Of Nigeria (CBN), Godwin Emefiele’s hometown, Agbo, has described his recent ordeal as political witch-hunt. The Agbor Professionals Business Group condemned…
Telecom sector contributes N2.508 trillion to Nigeria’s GDP
The telecommunications and information services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product…
NNPCL to cut fuel import from August
The Nigerian National Petroleum Company has confirmed that once the Dangote Refinery starts pumping out refined petroleum products from…
Devaluation: CBN Auctions Dollar At N645
Days after the Central Bank of Nigeria denied Daily Trust’s report that devaluation may be in the cards, it auctioned dollars, Wednesday, at N645 apiece – a…
Lagos boosts revenue drive, drags entertainers into tax net
The Lagos State Government appears to have boosted its tax revenue drive by focusing on entertainers, writes ONOZURE DANIA…
Uber, Bolt drivers begin nationwide strike
The Amalgamated Union of App-based Transport Workers of Nigeria, comprising drivers under the platform of e-hailing companies like Uber and Bolt, has said it will commence a nationwide protest today (Wednesday). It planned…
How Nigerian businessman Mmobuosi lied about his credentials, ran fraudulent company – Report
Hindenburg Research, a U.S. investment research firm focused on activist short-selling, has accused , a fintech company, of being an “exceptionally obvious scam with completely fabricated financials”. Tingo Group…
Explainer: Why microfinance banks are endangered species
The Central Bank of Nigeria (CBN) recently revoked the operating licences of 132 Microfinance Banks (MFBs), three finance companies and four Primary Mortgage Banks (PMBs). In September 2010, the CBN revoked the operating…
Companies mull hybrid work on petrol price hike
Akpan Richard, a 33-year-old employee of a public relations company, woke up on Thursday, 1 June, unwilling to go to work. The recent hike in the price of petrol as a result of subsidy removal by the Nigerian…
Foreign trade declines by N2.6tn over FX shortage – NBS
The total value of foreign trade has declined by N2.55tn as Nigeria recorded lower exports within a year, according…
Deconstructing the Transcorp equity deal of Otedola, Elumelu
In the late 1990s, a former Head of State, probably woke up from the wrong side of his bed and decided to purchase above five percent stake in a quoted oil company on The Nigerian Stock Exchange (now NGX). The then…
Two Indian Brothers wanted at home Are living big in Nigeria
At a ceremony in November, the Nigerian government celebrated the discovery of as many as 1 billion barrels of oil in the country’s arid northeast, almost 1,000 kilometers (621 miles) away from the crude-rich Niger Delta.…