It has been revealed that Nigeria spent N2.02 trillion ($9,196,382,607) to import five agricultural commodities in the last three years despite moves by the Federal Government to stop food imports. The commodities include wheat, rice, maize, sugar and palm oil. Imports data gathered from the Nigerian Ports Authority’s (NPA) shipping position and Index Mundi revealed […]
Read More
Nigeria’s largest power plant, Egbin Power Plc, said it is owed more than N40 billion ($202 million) and is facing persistent gas supply shortages despite boosting capacity, highlighting continuing challenges in ending daily blackouts since private companies took over the state utilities two years ago. Its Chief Executive Officer Dallas Peavey Jr. said the generating […]
Read More
The persistent decline of stock prices on the Nigerian bourse sent the market to a three-year low on Monday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 0.84 per cent to be at 27,385.69. The market has recorded a month-to-date and year-to-date decline of 6.1 per cent and 20.3 per cent […]
Read More The 2015 Stanbic IBTC Business Leadership Series was a unique one. It featured two renowned innovators and guest speakers. And one of these speakers was an internationally acclaimed rocket scientist, Siyabulela Xusa. Driven by an uncommon mission and strong belief in self-actualization, he set out very early in life to make a difference in his […]
Read More The Federal Government on Tuesday said that it would be able to monitor the movement of crude oil and gas out of the country through the implementation of the e-Government Master Plan 2020. It said that since crude oil was the country’s major source of revenue, it had re-enforced the implementation of the master plan […]
Read More PPMC realizes N514.04 billion from sale of petroleum products THE operating revenue of Nigerian National Petroleum Corporation (NNPC), after subsidy for September and October has hit N304.18 billion, according to its monthly financial report. Besides, the Pipelines and Product Marketing Company (PPMC) realised N514.04 billion revenue from sale of white products from January to October […]
Read More
The Lagos Chamber of Commerce and Industry (LCCI) on Saturday expressed satisfaction at the turnout and conduct of exhibitors at the 2015 edition of the Lagos International Trade Fair. Dr Michael Olawale-Cole, the Chairman, Trade Promotions Board of the LCCI, disclosed this during a news conference to evaluate the activities of the ongoing trade fair […]
Read More The Department of Petroleum Resources (DPR), Kwara Branch, on Saturday sealed two petrol stations in Offa Local Government Area of Kwara for selling above the official pump price. The State Controller of the DPR, Mr Philip Salvation, disclosed this in an interview with the News Agency of Nigeria (NAN) in Ilorin. He listed the affected […]
Read More
