Business

Trade declines by 17.94% in Q1, 2020

Nigeria’s foreign trade declined by 17.94 per cent in Quarter 1, 2020, compared to the value recorded in Quarter 4, 2019.

This was disclosed in a report by the National Bureau of Statistics, NBS, on “Foreign Trade in Goods Statistics Q1, 2020.”

The report noted that the [...]

Mon, 22 June 2020


NEITI urges NNPC to publish previous audited accounts

The Nigeria Extractive Industries Transparency Initiative, NEITI, has called on the Nigerian National Petroleum Corporation, NNPC, to further publish its previous audited accounts in open data formats for the reports to be more accessible to stakeholders.

 

NEITI, in a statement by [...]

Wed, 17 June 2020


Many Nigerians worried over financial impact of Covid-19 - NBS

 

 

 

 

The National Bureau of Statistics, NBS, says many Nigerians are concerned about the health and financial impacts of the Covid-19 pandemic.

The bureau made this disclosure in its Covid-19 imp [...]

Sun, 07 June 2020


NNPC deploys online fuel procurement solutions

The Nigerian National Corporation, NNPC, has deployed a Sales and Distribution application in the oil and gas secondary model portal to enable marketers buy petroleum products online.

Group General Manager, Information Technology Division, ITD, at NNPC, Danladi Inuwa, said online sales would mi [...]

Sun, 07 June 2020


PPPRA to allow market forces determine fuel price

The Petroleum Products Pricing Regulatory Agency, PPPRA, has announced the removal of the price cap on premium motor spirit, PMS, per litre.

The agency disclosed this in a document released in Abuja on Thursday with the tittle, “Market “Based Pricing Regime for Premium Motor Spirit, [...]

Sun, 07 June 2020


Covid-19: cause of mortality in Kano still unsolved- Gwarzo

The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr. Nasir Sani-Gwarzo, has disclosed that a study is still ongoing to determine the cause of unexplained deaths in Kano.

Gwarzo, who led the Ministerial Task Team on COVID-19 to Kano and eight other states, said his te [...]

Sun, 07 June 2020


CBN shortens refund, reversal time for transaction errors

The Central Bank of Nigeria, CBN, has reduced the time financial institutions are allowed to make reversal or refund for failed transactions, dispense errors or disputes on their electronic channels with effect from June 8, 2020.

CBN, in a statement by its Director of Corporate Communications, [...]

Sun, 07 June 2020


NNPC firms up its power, medical, other portfolios

The Nigerian National Petroleum Corporation, NNPC, says it has commenced efforts to firm up its bouquet of business portfolios in the power, medical, housing and other sectors that would strengthen its profitability.

The move is part of measures to cope with the boom and bust cycle in the globa [...]

Sun, 07 June 2020


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