Details and the exact names of 23 oil and gas companies which operated in the Petroleum Products Subsidy Regime from 2013 to 2021 have not been found at the Corporate Affairs Commission (CAC). The firms are Emadeb Consortium; Britania-U Nig. Limtted; Totsa Total Ol Tradings SA; Petroleum Trading Nigeria Limited; Mocoh S.A; Socer Worldwide; Calson Read More…
The Lagos State Government Wharf Landing Fee Collecting Authority (LASGWLFCA) has approached the State Assembly for an upward review of the wharf landing fee collected on all imported goods into Nigeria through Lagos ports. The Chairman of the agency, Adegboyega Adebayo stated this on Tuesday when he received executives of the Importers Association of Nigeria Read More…
The All Farmers Association of Nigeria (AFAN), has warned that a rise in food prices is imminent. The farmers told Nigerians to prepare for doubled food prices from August. The prices of staple menu like beans, rice and garri may jump by as high as 50 per cent from next month, they warned. According to Read More…
The Naira on Tuesday depreciated at the Investors and Exporters window, against the dollar, exchanging at N431. The figure represented a decrease of 0.90 per cent compared with the N427.17 it exchanged to the dollar on Monday. The open indicative rate closed at N427.30 to the dollar on Tuesday. An exchange rate of N444 to Read More…
The House of Representatives has passed a Bill after the second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country. Sada Soli, the sponsor of the Bill at the plenary in Abuja on Tuesday said the bill would add more conditions to the disqualification Read More…
The Miners Association Nigeria has condemned the Federal Government’s plan to ban mining activities in the country, saying it would render thousands of youths jobless and further worsen the insecurity.The National Security Council on Thursday announced that it was considering the nationwide ban on motorcycles and mining activities to check crime. The meeting presided over Read More…
There are over 30 illegal checkpoints existing within the Apapa and Tin-Can Island Ports corridor where truckers are extorted up to N60,000 per trip, it has been revealed. Truck owners and drivers under the aegis of Association of Maritime Truck Owners, AMATO, made the allegation on Thursday. They identified the Apapa-TinCan port corridor as become Read More…
13 ships laden with petroleum products and others are waiting to berth at the ports in Lagos, the Nigerian Ports Authority (NPA) said on Thursday. NPA in its ”Daily Shipping Position” listed the products in the ships as: general cargo, bulk wheat, petrol, bulk urea, bulk sugar and bulk gypsum. It said that another 20 Read More…
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to remove the 7.5 per cent Value Added Tax on diesel until the international supply system normalises. It noted that the economy had been affected by several negative factors, including the ongoing Russia-Ukraine war and urged the government to convene a stakeholders’ meeting to Read More…
Safety fears and a poor bank balance hit another Nigerian airline hard on Wednesday. The Nigerian Civil Aviation Authority (NCAA) suspended Dana Airlines’ air transport licence (ATL) and air operator certificate (AOC) indefinitely. NCAA announced the suspension on Wednesday in a statement signed by its director-general, Musa Nuhu. The authority said it suspended the operating Read More…
