Finance & Economy - Page 134

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

Nigeria’s Ambassador to Burundi, Mr Elijah Onyeagba, has urged the Federal Government to adhere to the provisions of the Petroleum Industry Act (PIA) on deregulation to allow private sector players to come

Victor Ezeja

1 year ago

Business·Oil & Gas

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

KPMG Nigeria has revealed that the removal of fuel subsidy by President Bola Tinubu has led to the price of petrol rising in Benin Republic. According to the financial consulting firm in

Fakoyejo Olalekan

1 year ago

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

Oil marketers in Nigeria have revealed the reason importing fuel alongside the Nigerian National Petroleum Company (NNPC) Limited might be impossible. It was stated that their inability to source foreign exchange with

Fakoyejo Olalekan

1 year ago

Labour·Latest News

NLC, TUC Suspend Proposed Nationwide Strike Over Petrol Subsidy Removal

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have resolved to suspend the nationwide strike earlier scheduled to begin on Wednesday, June 7, over the removal of subsidy on

Victor Ezeja

1 year ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

Dollar Rate Static In Official Market Since Report Of CBN Devaluing Naira

The FMDQ Exchange, the official market foreign exchange aggregator, disclosed that the dollar rate closed flat on Monday, June 5. According to data from FMDQ, the foreign exchange rate between the naira

Fakoyejo Olalekan

1 year ago

Court Grants Injunction Restraining Enugu Government From Demolition

Labour·Latest News

Subsidy: Court Bars NLC, TUC From Embarking On Strike

The National Industrial Court on Monday granted an interim order restraining the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), from embarking on the planned nationwide strike. Justice Olufunke Anuwe,

Victor Ezeja

1 year ago

Yusuf, has called on the Nigerian government to prioritise the need to address core issues currently affecting the citizens as a result of the removal of subsidy on Premium Motor Spirit (PMS) also known as petrol.

Business·Oil & Gas

Petrol Crisis: Why States Should Manage Refineries – Ex-labour Leader

As the challenge of local production and distribution of petroleum products continues to rock Nigeria, a former deputy president of the Nigeria Labour Congress (NLC), Amechi Asugwuni, has advised the Federal Government

Victor Ezeja

1 year ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Rate Rises In Black Market, Naira Gains Against Pound, Euro

On Monday, June 5, the average dollar rate in the black market was N743.9/$1 before noon, trading higher than the N743.3/$1 rate reported last week Friday. However, the pound sterling traded downward,

Fakoyejo Olalekan

1 year ago

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Latest News·Oil & Gas

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

Saudi Arabia plans to deepen oil output cuts in July and this has shut up oil prices by as high as two per cent (2%), more than $1.5 a barrel, on Monday.

Editor

1 year ago

NNPC Denies Plans To Increase Fuel Price

Business·Latest News·Oil & Gas

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

NNPC Ltd, the Nigeria state oil firm, is winding down crude swap contracts as its chief executive announced decision to henceforth pay cash for gasoline imports. The NNPC Ltd has been importing

Chimara Bygold

1 year ago

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Finance & Economy - Page 134

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

NLC, TUC Suspend Proposed Nationwide Strike Over Petrol Subsidy Removal

Dollar Rate Static In Official Market Since Report Of CBN Devaluing Naira

Subsidy: Court Bars NLC, TUC From Embarking On Strike

Petrol Crisis: Why States Should Manage Refineries – Ex-labour Leader

Dollar Rate Rises In Black Market, Naira Gains Against Pound, Euro

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

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