Business

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,...

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...

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...

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...

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...

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...

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...

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, 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,...

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...