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 Buhari Apologises To Nigerians Over Fuel Scarcity, Blackout
Business Latest News News Nigeria

Buhari Apologises To Nigerians Over Fuel Scarcity, Blackout

Ayomide Oyewole 17/03/2022

President Muhammadu Buhari yesterday apologised to Nigerians over the prolonged fuel scarcity and frequent power outages being experienced across the country. Buhari said shortage of petroleum products was something his government had successfully averted in its seven years in office. Minister of Power, Abubakar Aliyu, also yesterday, likened the worsening power situation across the country […]Read More

 World Consumer Rights Day:  LASG Makes Case For Consumer Satisfaction
Business Lagos News Latest News News

World Consumer Rights Day:  LASG Makes Case For Consumer Satisfaction

Ayomide Oyewole 17/03/2022

… Says Violators of Consumer Rights Risk Sanctions As Lagos State Government joins the rest of the world to celebrate the Y2022 World Consumer Rights Day, service providers, manufacturers, businessmen and women have been advised to prioritise the interest and satisfaction of their customers or face appropriate sanctions from the government. Addressing participants at an […]Read More

 NNPC Fails To Account For 107 Million Barrels Of Crude Oil
Business Latest News News Politics

NNPC Fails To Account For 107 Million Barrels Of Crude

Ltv News 15/03/2022

The Office of the Auditor-General for the Federation has said the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, has failed to account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019. The office made the allegation in its 2019 audit report presently being considered by the Committees […]Read More

 Aviation Fuel: NNPC, Stakeholders Agree On Interim Price Of N500
Business Latest News News

Aviation Fuel: NNPC, Stakeholders Agree On Interim Price Of N500

Ayomide Oyewole 15/03/2022

Stakeholders in the aviation industry have reached an agreement to sell aviation jet A1 fuel at N500 within the next three days to prevent a shutdown of airline operations across the country. This was disclosed by the Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, after a meeting with marketers, regulators […]Read More

 FG extends Validity of operators’ Licences in Free Trade zones to Five Years.
Business Latest News News

FG extends Validity of operators’ Licences in Free Trade zones

Ayomide Oyewole 11/03/2022

The Federal Government yesterday, announced a five-year extension for the validity of operators’ licences in free trade zones across the country. The Minister of Industry, Trade and Investment, Niyi Adebayo, explained that the move was to mitigate challenges hindering operators in the zone, noting that the directive is also coming on the heels of the […]Read More

 Reps, Airline Operators Blame Aviation Fuel Hike, Scarcity On Hoarding
Business Latest News News Nigeria

Reps, Airline Operators Blame Aviation Fuel Hike, Scarcity On Hoarding

Ayomide Oyewole 11/03/2022

Airline operators and members of the House of Representatives ad-hoc committee investigating the scarcity and astronomical increase in the cost of aviation fuel have blamed the situation on hoarding of the products by marketers. This is as the Nigerian Civil Aviation Authority (NCAA) has raised concerns that it may be forced to shut-down aviation services […]Read More

 Nigeria Aviation Fuel Scarcity
Business Latest News News

Nigeria Aviation Fuel Scarcity

Ayomide Oyewole 10/03/2022

House to Meet With NNPC GMD, DG NCAA, Jet A1 Marketers    Lagos and Abuja — Worried about the present challenge being faced by airline operators following the hike in the price of aviation fuel, the House of Representatives will today meet with the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, […]Read More

 FEC Approves Plans to Review Trade Policy, Boost Agribusiness.
Business Latest News News

FEC Approves Plans to Review Trade Policy, Boost Agribusiness.

Ayomide Oyewole 10/03/2022

The Federal Executive Council FEC on Wednesday, approved the review of Nigeria’s trade policy and agribusiness policy to enhance revenue through right farm gate pricing. The new policy also bans foreigners and their representatives from purchasing agricultural commodities at the farm gates. Adeniyi Adebayo, minister of Trade and Industries, disclosed this while briefing the State House Journalists […]Read More

 NNPC releases additional 381.8 Million Litres of Fuel, Queues lessen
Business Latest News News

NNPC releases additional 381.8 Million Litres of Fuel, Queues lessen

Ayomide Oyewole 07/03/2022

The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds of millions of litres of petrol to address the situation. In its latest weekly national PMS evacuation report for February 21 to 26, 2022, seen on Sunday, […]Read More

 Air passenger traffic dips to 3.38million
Business Latest News News

Air passenger traffic dips to 3.38million

Ayomide Oyewole 04/03/2022

Airports in Nigeria recorded a dip of 3.38 million passengers in the last three years, data from regulatory authorities reveal. According to data obtained by Reporters from the Nigerian Civil Aviation Authority (NCAA), figures for passengers processed for travelling at the nation’s airports for 2021 stands at 14.2 million compared with the 10,447,321 for last year. But […]Read More

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