PMS at N165/litre not sustainable – Oil marketers
The Association of Oil Marketers in Nigeria on Wednesday said that the sale of Premium Motor Spirit also known as petrol is not sustainable at N165/litre. The Independent Petroleum Marketers…
Court orders MultiChoice to sublicense channels
An Appeal Court sitting in Port Harcourt, the Rivers State capital, has ordered entertainment company, MultiChoice, to sublicense some channels to a satellite company, Metro-digital. The court ruled pursuant to…
Efficient energy valuable than infrastructure – Petroleum expert
A petroleum expert, Bala Zaka, has said that affordable and efficient energy is more necessary for businesses than infrastructure. Zaka, who is also a Technical Director at Template Design Limited,…
10 bank directors share N6.9bn allowance
Ten bank directors have shared N6.96bn executive compensation, fees and sitting allowances. The amount represents an increase of 3.32 per cent from the N6.74bn the directors received in 2020. United…
Twitter stock falls as Elon Musk mocks lawsuit
Twitter stock fell Monday after Tesla chief Elon Musk ditched the $44 billion deal to buy the social media giant. According to AFP, the platform's stock dropped 5.46 per cent…
Fuel queues worsen as petrol hits N250/litre
As scarcity of Premium Motor Spirit also known as petrol increased in many states on Sunday, some filling stations in Lagos, Abuja, Niger, and other locations have started selling the…
Fuel scarcity: Motorists groan as marketers threaten strike
The scarcity of Premium Motor Spirit, popularly called petrol, worsened in Lagos, Abuja and neighbouring Nasarawa and Niger states, as more filling stations shut their gates to customers, citing a…
Blackout: Delta court orders disco to pay N20m damages
The Benin Electricity Development Company has been ordered to pay a sum of N20 million as damages to the Edjemuonyavwe community in Oghara following their disconnection from the national grid…
$1bn annual school feeding programme must be probed – HURIWA
Civil rights advocacy group, Human Rights Writers Association of Nigeria, on Friday, demanded a probe into the Federal Government's $1bn annual allocation for the National Social Investment Programme. In a…
Gas flaring: Oil companies oppose FG’s penalties
The federal government's enforcement of penalties for gas flaring as contained in the Petroleum Industry Act 2021 has been opposed by some oil and gas companies in the country. According…
External reserves get $679.12m boost in one month
Figures obtained from the Central Bank of Nigeria have revealed that the country's external reserves returned to a growth path after gaining $679.12m in June. According to The PUNCH, the…
Pilots reject Lagos airport runway closure
Some Nigerian pilots have kicked against the Federal Airports Authority of Nigeria's planned closure of the domestic runway of the Murtala Muhammed Airport in Lagos. AMBusiness quoting FAAN reported on…
