FG Launches New Fiscal Incentives to Revamp Oil, Gas Sector, Aims to Attract $10bn Investment
The federal government yesterday officially launched a new set of fiscal incentives to rejuvenate Nigeria’s ailing oil and gas industry,…
Category: Business
FG closedown a No-Nigerian Shopper Supermarket owned by a Chinese lady
Esther Salifu The Federal Competition and Consumer Protection Commission (FCCPC) has shutdown an Abuja-based Chinese supermarket that restrict entry to…
Dana Aircraft veers off runway in Lagos
A Dana Air aircraft skidded off the runway at the Muritala Muhammed International Airport in Lagos State. According to a…
CBN Partners International Money Transfer Companies to Double Remittances to Nigeria
*Remittance task force to report directly to Cardoso*Naira will continue to appreciate against dollar, says Shettima The Central Bank of…
Bloomberg: Dangote Refinery Getting a Third of Its Crude from US, Set to Shake W’African Supply Market
The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude…
In Major Move, Dangote Crashes Diesel Price to N1,000/litre from N1,200
In a move that has been described as ‘unprecedented’ , the Dangote Petroleum Refinery yesterday announced a further reduction of…
Dangote: Lower Fuel Price from Our Refinery Will Help Reduce Inflation
•Upbeat about turnaround of nation’s economy •Restates commitment to Nigeria’s industrialisation •President congratulates Africa’s richest man on his 67th birthday…
Dealers demand N850/litre diesel as Dangote, marketers meet
Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel,…
Rising naira value: Presidency backs Cardoso, vows further clampdown on racketeers
The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the…
CBN Bans Use of Foreign Currency-denominated Collaterals for Naira Loans
•Orders termination of existing facilities within 90 days •Approves fresh allocation of FX to BDCs at N1,101/$1, sale to customers…