Nigeria Loses $29.3b Yearly to Erratic Power Supply The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting...
FG Approves One-million-barrel Oil Terminal for Otakikpo Field The Federal Government has approved a one-million-barrel crude oil onshore terminal for the Otakikpo marginal field in Oil...
Nigeria Imports $600m Pottery Products Annually — FG Nigeria imports pottery products worth $600m annually, the Federal Government has said. The Coordinator, Mineral Sector Support for...
Nigeria’ll Benefit from Refinery Closures in Europe –NNPC The projected closures of some refineries in advanced economies imply that there will likely be a relocation of...
IGR: Lagos, Rivers, Ogun, Delta Generates N2.71tn IGR in 5 Years A report showed four states generated 60.22 percent of the N4.5 trillion Internally Generated Revenue...
Nigeria’s Power Companies Are Weak, Bankrupt -TCN Mr. Usman Mohammed, the Managing Director/Chief Executive Officer, Transmission Company of Nigeria (TCN), has pronounced Nigeria’s power companies weak...
Nigeria’s Cocoa Production to Drop in 2019 Says ICCO The International Cocoa Association (ICCO) has predicted that Nigeria’s cocoa production will decline by 10,000 metric tonnes...
NLC Rejects FG Proposed VAT Increase The Nigeria Labour Congress has rejected a proposal by the Federal Government to increase the Value Added Tax (VAT) in...
Nigeria, Saudi Arabia to Sign MoU on Refineries Development – Oil Ministry Nigeria’s Ministry of Petroleum on Friday announced that Nigeria and Saudi Arabia are close...
Oil Prices Dip On Output Concern Global oil prices fell on Friday after reports showed some OPEC members will raise oil production to balance Iran deficit...
