Business

Tanker drivers continue operations as lockdown enters week 2

As the lockdown to curb the spread of Covid-19 in Nigeria enters week two, petroleum tanker drivers have sustained the distribution of petroleum products across the country to ensure availability of products while the restriction lasts.

In a statement, the Nigerian National Petroleum Corporatio [...]

Mon, 06 April 2020


FG to sustain monthly review of fuel price

Barely a month after slashing petrol price from N145 to N125 per litre, the federal government has announced further reduction of the pump price of petrol from N125.00 to N123.50 per litre with effect from April 1.

Executive Secretary of Petroleum Products Pricing Regulatory Agency, PPPRA, Abdu [...]

Mon, 06 April 2020


Telecom subscribers hit 184,699,409

Nigeria’s Telecoms data for quarter 4 of 2019 rose to a total of 184,699,409 active voice subscribers, the National Bureau of Statistics, NBS, has said.

NBS, in its Telecoms Data report of March 2020, said the 184,699,409 active voice subscribers represent a higher figure than the 179,176 [...]

Mon, 06 April 2020


CBN indefinitely suspends cheque clearing

The Central Bank of Nigeria, CBN, says it has suspended the clearing of cheques in the Nigerian clearing system till further notice.

In a circular released to all Deposit Money Banks, DMBs, and the Nigeria Inter-Bank Settlement System, NIBSS, the apex bank said the move followed the directive b [...]

Mon, 06 April 2020


Nigeria adopts ISO standards on turbine, marine fuel

Nigeria has reached a consensus to adopt the International Organisation for Standardisation, ISO, standards for turbine and marine fuel as Nigeria Industrial Standard, NIS.

The Standard Organisation of Nigeria, SON, said in a statement that the move conforms to international safety regulations, [...]

Mon, 06 April 2020


FIRS rakes in N1.12trn taxes in Q1, 2020

The Federal Inland Revenue Service, FIRS, says it has collected the sum of N1,123,377,654,135.14 as taxes in the first quarter of 2020.

FIRS Director of Communication, Mr Abdullahi Ahmad, disclosed in a statement that the amount represents a 10.4 per cent increase above its collection during th [...]

Mon, 06 April 2020


FG further slashes fuel price to N123.50

The Petroleum Products Pricing Regulatory Agency, PPPRA, has announced the further reduction of fuel price from N125.00 to N123.50 per liter.

 

 

 

 

 

Executive Secretary of PPPRA [...]

Wed, 01 April 2020


NNPC tasks experts on solutions to oil problems

Experts in the oil and gas sector have been challenged to come up with solutions to tackle the challenges bedeviling the industry.

Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge while playing host to the Executive members of the Society of Petroleum Engineers, SPE, Nigerian [...]

Sun, 29 March 2020


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