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Oil and Gas

NNPCL signs MoU with five African national oil firms

The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant bodies of five African countries on the Nigeria-Morocco Gas Pipeline Project.   According to a statement by NNPC on Monday, the five national oil companies and relevant entities were from Gambia, Ghana, Guinea, Guinea Bissau and […]

Nigeria leads OPEC in March oil production cuts
Oil and Gas

FG targets OPEC oil quota in 2023

    The Minister of State Petroleum Resources Chief Timipre Sylva has assured that Nigeria will work hard to meet its crude oil production quota of the organisation of Petroleum Exporting Countries which is 1.8 million bpd by the end of May 2022. According to The Nation, his Special Adviser Media and Communications, Mr. Horatius […]

Economy

Oil export: Nigeria’s Q3 foreign trade drops to N11.6trn

Nigeria recorded a total foreign trade of N11.59 trillion in the third quarter of 2022, representing a 9.7% decline compared to N12.84 trillion recorded in Q2 2022.   The National Bureau of Statistics’ newly published foreign trade report contained these information.   While this statistics reveals a decline from quarter to quarter, it is, however, […]

Economy

Digital economy: Nigeria, Vietnam deepen bilateral relations

In a determined effort to deepen the long-standing bilateral relations between Nigeria and Vietnam, both countries plan to work together more, particularly in the areas of the digital economy, telecommunications, agriculture and trade, among others, for the mutual benefit of the citizens. The need for improved collaboration between Nigeria and Vietnam was the focus of […]

Opinion

Antisemitism: Studio offers free removal of Ye’s tattoo

NAAMA, A tattoo removal studio located in London, has offered free removal of Kanye West tattoos as artiste continues to promote antisemitism, praise Adolf Hitler.   The Studio, in a video on its Instagram page made this offer public, as a show of distaste towards the recent actions of the rapper.   The video, which […]

News

Port terminal generated N213bn in 11 months – Customs

  The Nigerian Customs Service has revealed that its Port Terminal Multiservices Limited generated the sum of N213bn in the last 11 months. According to Daily Post, this was disclosed by the Customs Area Controller of the PTML Command, Comptroller Suleiman Bomai, on Saturday in Lagos. He stated that a total sum of N213,405,461,873.00 was […]

FG halts planned 5% tax on GSM calls, SMS
featured Telecommunications

ABC, Microsoft seek data protection bill passage

The American Business Council and American multinational technology corporation, Microsoft Corporation have sought the quick passage of the data protection bill. They made the plea at the workshop on cross-border data flows and their impacts on the Nigerian economy. The event was jointly organised by ABC and Microsoft. Cross-border data protection laws are made to […]

What we'll do if Putin cuts gas supply - EU
Energy featured

Russia rejects EU, G7 oil price cap

Russia on Saturday rejected a $60 price cap on its oil agreed by the EU, G7 and Australia, which Ukraine said would contribute to the destruction of Russia’s economy. “We will not accept this price cap,” Kremlin spokesman Dmitry Peskov told domestic news agencies, adding that Russia, the world’s second-largest crude exporter, was “analysing” the […]

News

No plan to increase price – Dangote Cement

Dangote Cement Plc, has denied any form of price increase in its products.   The company made this clarification after a recent report circulating round that the price of the Dangote cement would be reviewed upward, Leadership reported.   The senior general manager, branding and communication, Dangote Industries Limited, Sunday Esan, said Dangote Cement is […]

Let NNPCL buy me out, Dangote offers to sell refinery
featured News

Dangote’s wealth rose by $1.5bn in Nov

In spite of the creeping fuel scarcity and rise in inflation index in November, Africa’s richest man and Chairman, Dangote Group, Aliko Dangote’s wealth increased by $1.5 billion in November 2022. The billionaire also amassed a whopping $200 million in October, with his present net worth totalling $19.1 billion. Dangote was previously ranked as the […]

Appointments

Agric foundation appoints Jonathan as ambassador

The African Agricultural Technology Foundation has announced the appointment of former President, Goodluck Jonathan, as Africa’s Ambassador for Agricultural Technology.   The AATF Executive Director, Dr Canisius Kanangire, announced this in a statement issued to journalists on Friday, in Abuja, after a meeting with the former president in Yenagoa, Bayelsa State.   Jonathan as AATF’s […]

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