Friday, January 24, 2020
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Business

Oil Firms May Stake $30 billion On Exploration This Year

Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.The revelation contained in a forecast released yesterday, by a global research firm,...

CRFFN Plans Cargo Village, Tracking System

THE Council for the Regulation of Freight Forwarding in Nigeria has said it is planning to create a cargo village to improve freight forwarding in Nigeria. Deputy President of CRFFN, Alban Igwe, disclosed this during the council’s meeting with stakeholders...

Nigeria’s Debt Now N26.22tn- DMO

The Federal Government and the 36 states as well as the Federal Capital Territory owed a total N26.22tn as of September 30, 2019, the Debt Management Office disclosed on Friday. The amount indicated that the total public debt rose by...

Customs Generate N1.34tn, Surpasses Target By N403bn

The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The Public Relations Officer, NCS, Mr Joseph Attah, confirmed the figure in a statement issued in Abuja on Thursday. The N1.34tn revenue generated...

Nigerians Consumed 18 Billion Litres of Petrol In 2019 – PPPRA

About 18 billion litres of petrol (PMS) was supplied in Nigeria for 2019, a report by the Petroleum Products Pricing Regulatory Agency (PPPRA) has said. The Executive Secretary of the agency, Abdulkadir Saidu, in the report, emphasised the need for...

World Bank Pegs Nigeria’s Growth At 2.1 Percent In 2020

The World Bank Group, yesterday, raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar year. It also warned...

‘How Government Can Stop Wasting Trillions On Fuel Importation’

Nigeria last year spent a whopping N3trillion importing about 18 billion litres of Premium Motor Spirit (PMS) popularly called petrol, the Petroleum Products Pricing Regulatory Agency (PPPRA) disclosed yesterday. This revelation however has irked some stakeholders who criticised the poor...

How Nigeria’s Rail Sector Fared In 2019

Major decisions were taken in 2019 as regards the rail sector of the country by the federal government. Some of the decisions were seen as a consolidation to gains earlier made. While many citizens argue Nigeria should have moved past...

Aliko Dangote Now $4.3bn Richer

Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 with his business investments in cement, flour and sugar. According to the Bloomberg Billionaires Index, the 62-year-old businessman ended the year with a net worth of almost $15 billion,...

Labour Minister Seeks Economic Repositioning

The Minister of Labour and Employment, Dr. Chris Ngige, has urged workers to continue to support the government’s efforts at repositioning the economy. Ngige, who made the call in Abuja, yesterday, in his New Year message, commended the workers...

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PENGASSAN Demands Removal of Chevron MD

The Petroleum and Natural Gas Senior Staff Association of Nigeria, Chevron branch, on Monday called for the removal of the Chairman and Managing Director...

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