The promise game over Nigeria’s problematic refineries has begun, again, as the Minister of State, Petroleum Resources, Heineken Lokpobiri, has said the Port Harcourt Refinery would resume production by December …
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BusinessNews
Anger builds as statistics bureau puts unemployment rate at 4%, instead of 40%
by Adminby AdminAmidst virulent anger from Nigerians on social media, the National Bureau of Statistics (NBS) has been explaining the strange, new formula it used to arrive at the unemployment rate of…
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Edo State Governor, Mr. Godwin Obaseki’s criticism against the administration of President Bola Tinubu, over the government’s inability to plan and effectively respond to the fuel subsidy removal has met…
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BusinessNews
Saving the Naira: NNPC Ltd gets $3 billion emergency crude repayment loan
by Adminby AdminThe Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment loan. The…
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Nigeria’s inflation rate hits 24.08% in July – NBS The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 per cent in July 2023. The NBS…
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BusinessNews
President Tinubu vows to end over-reliance on borrowing for public expenditure
by Adminby AdminPRESIDENT TINUBU VOWS TO END NIGERIA’S OVERRELIANCE ON BORROWING FOR PUBLIC EXPENDITURE … sets 18% Tax to GDP target in 3 years President Bola Tinubu on Tuesday in Abuja expressed his…
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President Bola Tinubu has appointed the former Executive Secretary of the Financial Reporting Council of Nigeria (FRC), Jim Obazee as the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities.…
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BusinessNews
Appeal Court endorses sack of oil company’ s directors, sets aside N3m fine
by Adminby AdminThe Court of Appeal in Abuja has upheld the removal of Dr. Bunu Alibe and Mr. Ayo Olojede as directors of an indigenous oil company, Green Energy International Limited. In…
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BusinessNews
Niger hosts 2023 Green Economy Summit to reposition the state for sustainable development
by Adminby AdminNiger State will this October play host to the first of ever National Green Economy Summit. The summit which will coincide with the United Nations Day as well as the…
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BusinessNews
Market forces determines N617 new petrol price, claims NNPCL boss, regulator
by Adminby AdminThe Nigeria National Petroleum Company Limited (NNPCL) Managing Director, Mr. Mele Kyari, is claiming that market forces determined Tuesday’s new N617 per litre price of Premium Motor Spirit (PMS, aka…