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Energy

End NNPC’s monopoly, oil marketers tell FG

Amid the lingering fuel scarcity rocking the country, oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroleum Corporation. The marketers under the auspices of the Major Oil Marketers Association of Nigeria said this during a briefing with newsmen said as part of permanent […]

Flood: Gas scarcity looms as NLNG stops operations
News

Cooking gas, Kerosene prices rise 88% in one year – NBS

The prices of kerosene and Liquefied Petroleum Gas also known as cooking gas jumped up by 88 per cent price in one year. The National Bureau of Statistics, in a recent report, said that the average retail price per litre of household kerosene paid by consumers in May 2022 increased by 15.21 per cent on […]

NCC, Telecom operators urge states to review policies for broadband expansion
Telecommunications

NIN: Telcos recover 16 million subscribers

Mobile network operators have recovered 16.94 million active subscribers lost to the National Identification Number and Subscriber Identity Module policy. According to data from the Nigerian Communications Commission, the recovery has been within the last 11 months. The data revealed that active telecom subscribers grew from 187.28 million in June 2021 to 204.22 million in […]

Dapo Abiodun
News

Ogun pensioners threaten showdown over 10-year gratuities

Pensioners in Ogun State have threatened a mega protest over the failure of the state governor, Dapo Abiodun, to offset their outstanding gratuities of almost ten years, among others. The aggrieved pensioners under the aegis of the Nigeria Union of Pensioners, Ogun State Chapter, also issued a 14-day ultimatum to the state governor to meet their […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Nigeria can generate $200bn annually from non-oil revenue -Analyst

A financial analyst and Managing Director of Taurus Capital, Nnaemeka Obiaraeri, said Nigeria can service its debts and also generate $200 billion in annual revenue from non-oil proceeds. Obiaraeri said this when he was featured on Television Continental on Wednesday. He said, “Nigeria is broke, inevitably. Very very broke. If you look at the numbers. […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

IATA welcomes CBN's release of $265m to airlines
Aviation

Ukraine: Nigerian airlines, others to lose $700m, says IATA

The International Air Transport Association has said that Nigerian airlines and others across Africa will lose $700 million in 2022 due to a combination of the Russia-Ukraine war and COVID-19. This was disclosed at the ongoing 78th IATA Annual General Meeting and World Air Transport Summit in Doha, Qatar. IATA said that inflation, interest and […]

Maritime

TinCan port reflects decades of neglect, says FG

The Nigerian Government has lamented the poor state of the TinCan Island seaport, concluding that it has shown decades of neglect. The Minister of State for Transportation, Gbemisola Saraki,  made this known after carrying out a ministerial tour of the Lagos ports on Monday. Accrording to The PUNCH, Saraki also called on the need for […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Energy

Scarcity: Petrol sells N180/litre as NNPC cuts supplies

Premium Motor Spirit also known as petrol now sells for N180 per litre in Lagos and Ogun states amid biting fuel scarcity and long queues that have extremely affected movement in the states. Long queues were seen at several filling stations such as Mobil, Capital, Fatgbems, Enyo, TotalEnergies and NNPC. There were also queues in […]

Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

PoS transactions hit N8trn in 2022 - NIBSS
News

PoS operations boom in urban neighbourhoods amid rising challenges

The Central Bank of Nigeria’s Vision 2020, released in 2007, was a calculated move by the apex bank to create a robust financial framework and promote a cashless economy in the country. The CBN launched the programme officially in September of 2013 as its response to the growing financial pressures on the banking systems, leading […]

Economy

Lagos to promote inter-African business through trade fair

The Vice President & Chairman, Trade Promotion Board, Lagos Chamber of Commerce and Industry, Leye Kupoluyi, has said the Lagos International Trade Fair will provide opportunities for cooperation in trade, industry, and investment among African countries. He said this during a press briefing on the upcoming 36th 2022 Lagos International Trade Fair with the theme, […]