By Adebayo Yusuf Nigerians have been urged to partonise made in Nigeria goods, as a means to strengthen the nation’s economy. An entrepreneur, Mrs Adebola Afolabi made this known while featuring on Pensioners FM weekly programme, “Trending”. According to her, patronising Nigeria products would create more job opportunities and empower small scales businesses, urging the…
There are indications that the naira-for-crude policy of the Federal Government may continue, as impeccable insider sources familiar with the development insisted on Monday that all parties involved in the deal would reconvene soon. The first phase of the six-month deal involving the Federal Government, Nigerian National Petroleum Company Limited, and Dangote Petroleum Refinery ended…
The Petroleum Products Retail Outlets Owners Association of Nigeria has commended the Federal Government and the management of the Nigerian National Petroleum Company Limited for reportedly running the revamped Port Harcourt refinery for 180 days non-stop. The refinery, which had been dormant for over 20 years, was revamped with a loan secured from Afreximbank and…
The Central Bank of Nigeria has approved a financial holding company structure, Greenwich Holdings Limited, for Greenwich Merchant Bank Limited. In a statement on Tuesday, the bank said that the regulatory approval marked a significant step enabling Greenwich Group to consolidate its existing financial service businesses, expand into new markets, and strengthen its position as…
The World Trade Organisation has revealed that global goods trade remained stable in the final quarter of 2024 and showed signs of continued growth in early 2025. According to the latest World Trade Organisation Goods Trade Barometer, the indicator, which provides real-time insights into merchandise trade trends, edged up slightly to 102.8 from 102.7 in…
The Federal Government has reaffirmed its commitment to transparency and accountability in the administration of expatriate quotas. This is following recent allegations of irregularities in the oil sector. The Petroleum and Natural Gas Senior Staff Association of Nigeria had last week protested at Sterling Oil Exploration and Energy Production Company’s headquarters in Lagos. The union…
The Nigeria Customs Service, Oyo/Osun Command, said it collected the sum of N2bn as revenue in February. The Customs Area Controller in charge of the command, Joseph Adelaja, disclosed this in a statement on Monday. Mr Adelaja added that within the period under review, the sum of N165m was generated from anti-smuggling activities. He said,…
By Adebayo Yusuf Olaade Innovative Concept Limited, OIC Solar and SRNE Solar products have been described as products capable of illuminating without stress. Some Dealers and Distributors of OIC Solar and SRNE Solar products made this known at the yearly training and launching of new products organised by OIC Solar in partnership with SRNE Solar,…
Nationwide premium motor spirit (petrol) scarcity looms in Nigeria as the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday gave a seven-day ultimatum to withdraw services across the country over the non-payment of bridging claims amounting to N100 billion. The Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, disclosed this during a press…
Ogun State recognized as Nigeria’s premier investment hub, is poised to reap substantial benefits as JBS S.A., the world’s largest protein producer, announces a $2.5 billion investment in Nigeria’s livestock subsector. The announcement was made by Mr Wesley Batista, Controlling Shareholder of JBS, during a visit to Ogun State Governor, Prince Dapo Abiodun, at his…