NNPC begins N15bn refund to oil marketers
Oil marketers have announced that the Nigerian National Petroleum Company Limited has initiated the refund process for the N15 billion owed to its members. This development comes as the Independent…
Petrol prices could fall as marketers buy from Dangote – IPMAN
The National Secretary of the Independent Petroleum Marketers Association of Nigeria, James Tor announced that petrol prices could drop as the federal government has permitted marketers to purchase fuel directly…
Foreign capital inflows from BRICS surge by 189% – NBS
Nigeria’s foreign capital inflows from BRICS nations have experienced a remarkable surge of 189% in the first half of 2024, reflecting the country’s strategic efforts to secure membership in the…
Lagos targets $3m investment for startups at GITEX global 2024
The Lagos State Government announced its aims to secure $2 to $3 million in investments for Nigerian startups at GITEX Global 2024 in Dubai. This was disclosed by the Commissioner…
Renewable energy jobs hit 16.2m, study reveals
A new report has revealed a remarkable surge in jobs within the renewable energy sector, reaching 16.2 million in 2023—the highest annual growth rate recorded. The "Renewable Energy and Jobs—Annual…
Cooking gas price hits N1,500 per kg
As Nigerians grapple with soaring petrol prices, the cost of Liquefied Petroleum Gas has surged to N1,500 per kilogram. Suresh Kumar, Managing Director of NIPCO Plc, expressed optimism that the…
FG unveils tax payment in instalments
The Federal Government has introduced a new tax payment option that allows individuals to pay their taxes in installments. This proposal is included in the Nigeria Tax Bill 2024, which…
Govt implements 88 safety standards for CNG vehicles
The Federal Government has announced the adoption of 88 international standards for Compressed Natural Gas products, aimed at enhancing the rollout of various CNG initiatives across the country. This move…
IPMAN to discuss Petrol lifting agreements with Dangote on Tuesday
The Independent Petroleum Marketers Association of Nigeria is set to engage in discussions with Dangote Petroleum Refinery between Tuesday and Wednesday to finalize agreements regarding the cost and lifting of…
FG to ground over 60 private jets over unpaid duties
The Federal Government, through the Nigerian Customs Service is set to ground over 60 private jets owned by prominent individuals due to unpaid import duties amounting to billions of naira.…
BOI disburses over N37.8bn in trade grant scheme
The Bank of Industry has announced the disbursement of over N37.8 billion under the Presidential Conditional Grant Scheme, also referred to as the Trade Grant Scheme. In a circular released…
Air Peace reacts to new US fraud allegations against CEO
Air Peace Limited has expressed confidence that justice will prevail regarding the expanded charges brought by U.S. authorities against its CEO, Allen Onyema, in the alleged submission of false documents…
