Business

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says with the removal of subsidy on Premium Motor Spirit (PMS) other interested parties are free to import products once they meet the requirements. The NMDPRA said the PMS importers must meet regulations as stipulated by the Petroleum Industry Act (PIA...

Naira on Wednesday depreciated against the dollar at the Investors and Exporters window, exchanging N664.04 to the dollar. The News Agency of Nigeria (NAN) reports that the local currency droped by  40.78 per cent when compared with N471.67 it exchanged for the dollar on Tuesday. The depreciation followed the directive...

Stand Up Nigeria, a front line civil society organization has expressed confidence that with Mele Kyari as head of the NNPCL, Nigeria will reap the intended gains of subsidy removal. The group in a statement signed by the President, Comrade Sunday Attah commended the progress the NNPCL has recorded under...

The Federal Government of Nigeria on Tuesday in Abuja, presented a licence to Jack-Rich for the establishment of Belema Sweet Export Terminal, the first of its kind in the world. With the grant of the licence, Nigeria has successfully acquired its first Hybrid Crude Export Terminal, with eight million barrels...

Are you in search of a feature-packed smartphone that won’t break the bank? Look no further than the itel P40. Packed with impressive specifications and an affordable price tag of 59,900 naira, the itel P40 is the perfect smartphone for those seeking value for their money. In this article, we...

Mr Felix Akinbinu, Regional General Manager,  Federal Airport Authority of Nigeria (FAAN) South West has promised to address the infrastructure challenges at the Murtala Muhammad International Airports (MMIA). Akinbinu, who spoke with newsmen in his office at Ikeja on Monday, said  issues around cooling system and toilets would be resolved immediately. He...

The establishment of Nigeria Air was to rectify the failures of the past in operations of national carriers by government and the private sector, former minister of Aviation, Hadi Sirika, has said. Sirika said during an interaction with newsmen on Monday in Abuja that the administration of former President Muhammadu...

Gov. Dikko Radda of Katsina, is seeking the support of the African Development Bank (AfDB) to develop the abundant agricultural and renewable energy resources in the State. The governor, in a statement signed by his Chief Press Secretary, Kaula Ibrahim, sought the bank’s support when he visited the Director-General, AfDB...

Hadi Sirika, former minister of aviation, says Nigeria Air was unveiled by the national carrier’s shareholders and not the federal government. The former minister spoke when he appeared on Arise TV on Sunday. Nigeria Air, which has an ownership structure of 49 percent held by Ethiopian Airlines, 46 percent by...

The National Bureau of Statistics (NBS) has announced an upward review of the country’s tax-to-gross domestic product (GDP) ratio for 2021 to 10.86 percent from 6 percent. In its report titled ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’, the statistics agency said the revised calculation now includes relevant revenue collected by other...