Economy
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Electricity: Nigeria’s Discos generate N3.95tn as revenue in five years
Nigeria’s electricity distribution companies collectively generated about N3.95 trillion in revenue between 2019 and the first quarter of 2024. This…
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Indians taking over low-level jobs in Nigerian oil & gas sector, PENGASSAN raises alarm
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has queried a high influx of Indians in the…
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NNPCL withholds $262.6 million tax due to FIRS
The Nigerian Petroleum Company Limited has withheld the sum of $262.6 million in taxes due to the Federal Inland Revenue.…
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Why fuel queues persist – PENGASSAN
The President of the Petroleum and Natural Gas Senior Association of Nigeria, Mr Festus Osifo, has identified reasons for persistent…
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Landowners sue FG over Lagos-Calabar Coastal Highway
The Federal Government has insisted that it would continue construction of the 700km Lagos-Calabar Coastal Highway despite ongoing court cases…
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Dangote refinery to commence petrol supply in September – Report
Dangote Petroleum Refinery is undergoing test runs for petrol production, with full operation expected to commence by mid-September, Reuters is reporting.…
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Over 4m children malnourished in Northeast, Northwest – FG
The Federal Government has confirmed that over four million children in the Northeast and Northwest regions are malnourished. Mrs Ladidi…
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Petrol scarcity worsens as independent marketers load at N780/L
THE prolonged petrol scarcity worsened in Lagos, Ogun and other states, yesterday, as independent marketers started lifting the product from…
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How IPPG declines sale of 460,000bpd crude to Dangote refinery
Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil…
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CBN declares highest remittance inflow of $553m in July
The Central Bank of Nigeria has announced a significant increase in remittance inflows, reaching $553m in July 2024. It said…
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