Business
FG promises credit access to 10m MSMEs
The Federal Government says plans are underway to ensure credit access to 10 million Micro, Small and Medium Enterprises, MSMEs, at a single digit interest rate in 2021.
Minister of Industry, Trade and Investment, Adeniyi Adebayo, made this known on Thursday when he appeared before the House of [...]
NNPC generates $139.50mn from crude, gas export in August
The Nigerian National Petroleum Corporation, NNPC, says it generated a total crude oil and gas export sale of $139.50 million in August, 2020, representing an increase of 64.84 per cent compared to the previous month.
The corporation, in its Monthly Financial and Operations Report, MFOR, cited [...]
Unstable fiscal regime stifling Nigerian petroleum industry - Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.
Kyari, who stated this while p [...]
Local content: why indigenous operators need capacity upgrade- NNPC
The Nigerian National Petroleum Corporation, NNPC, says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness.
The corporation also said indigenous operators need capacity upgrade in order to achieve th [...]
Waltersmith’s modular refinery to deliver 271m litres of refined products
An indigenous oil firm, Waltersmith Petroman Oil Limited, says the first phase of its modular refinery facility located in Ibigwe, Imo state, has capacity to deliver about 271 million litres of refined products such as diesel, kerosene, heavy fuel oil, HFO, and naphtha, per annum.
The company, [...]
FG, States, LGCs share N682.060b for August 2020
The Federation Accounts Allocation Committee, FAAC, has disbursed a total sum of N682.060 billion as federation allocation to the three tiers of government, for the month of August 2020.
FAAC made the disbursement during its virtual meeting on Thursday chaired by the Permanent Secretary, Federa [...]
Nigeria’s inflation maintains 11th month surge, peaks at 13.22%
Nigeria’s inflation has maintained an upward swing for the 11th consecutive month, rising by 13.22 per cent, year-on-year, in August 2020.
The country last recorded its highest inflation in March 2018 with 13.34 per cent rise in the headline index, but increased from 11.02 per cent in Aug [...]
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