Oil and gas operators said they have not received subsidy payments on petroleum products from the federal government since 2015. The companies disclosed this when they appeared before the House of Representatives ad-hoc committee investigating the subsidy regime in...
Amid the decline in the revenues disbursed to them by the Federal Accounts Allocation Committee (FAAC) in recent months, the total debt owed by states to the Central Bank of Nigeria (CBN) has increased to N1.24 trillion. In November...
The European Union (EU) in partnership with the Federal Government has expressed renewed interest to put mechanism in place to fund gas project in Nigeria to guarantee energy security in Africa and Europe.The EU made this known on Friday...
The naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from the N615 it traded last week. Currency traders known...
A group under aegis of The Council of Maritime Trucks Union Associations, COMTUA, has decried the poor state of the port access roads, which they say enhances extortion and damage to trucks. In statement, Chairman of the COMTUA, Comrade...
Barely eight years into commercial operation of aircraft in Nigeria, Air Peace has expanded its network to Asia with the commencement of a direct one-weekly flight to Guangzhou, China 9jaYarn gathered that a total of 240 passengers were carried...
Nigeria’s leading airline, Air Peace, has revealed plans to extend flight operations to Guangzhou, China and Mumbai, India, with scheduled flight operations to this month. The Spokesperson of Air Peace, Mr Stanley Olisa, made the disclosure in a statement...
Federal Government has concluded arrangement to begin the collection of N10 per litre sugar tax. The government in its bid to combat non-communicable diseases, has commenced the implementation of the N10 per litre sugar tax on carbonated drinks and...
The Nigerian naira has dropped to N614 against the dollar at the parallel section of the foreign exchange market. The figure signifies a depreciation of N7 or 1.2 percent compared to the N607 it traded last two weeks. Bureaux De...
The Nigeria Extractive Industries and Transparency Initiative (NEITI) has reiterated its position on the removal of fuel subsidy, saying such move will free the country’s economy from bondage. Dr Orji-Ogbonnaya Orji, the Executive Secretary, NEITI made this assertion on...
