NNPC, CHEVRON DISCOVER OIL IN NIGER DELTA
The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a significant near-field oil discovery with the successful drilling of the Meji...
‘WE ARE STILL WITHIN LIMIT’, SANWO-OLU DISMISSES LAGOS DEBT WORRIES
The Lagos State Governor, Babajide Sanwo-Olu, has dismissed worries in some quarters over the rising debt profile of the state, saying that Lagos is still...
FG GIVES APPROVAL FOR MARKETERS TO START LIFTING OF PMS FROM DANGOTE REFINERY
The Federal Government has given marketers permission to begin lifting premium motor spirit, also known as petrol, from the Dangote Refinery without going through the...
TINUBU’S NEW FISCAL REFORMS EXEMPT 63 ITEMS FROM VAT (FULL LIST)
The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT) as part of its latest fiscal reforms. Taiwo Oyedele, the Chairman...
FX CHANGE: CBN ANNOUNCES SALE OF $20,000 TO EACH BDC AT N1,590/$
The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country...
APAPA RECORDS SURGE IN EXPORT VOLUMES, PLANS 2ND EXPORTERS FORUMS
According to APM Terminals Apapa, its half-year (H1'24) non-oil cargo export data were 51,000 Twenty Equivalent Units (TEUs), a rise of 7.8% Year-on-Year (YoY) from...
NEW CBN INTEREST RATE WILL INCREASE UNEMPLOYMENT – SMALL BUSINESS OWNERS
The Monetary Policy Rate (MPR) of the Central Bank of Nigeria (CBN) has been criticized by small business owners as unfavorable and likely to cause...
ECOWAS APPROVES DESIGN FOR $15bn LAGOS-ABIDJAN HIGHWAY PROJECT
The $15bn Lagos-Abidjan Corridor Highway Development Project's design has been approved by members of the Economic Community of West Africa States (ECOWAS). While giving the...
LCCI URGES GOVT TO ACCELERATE ENERGY REFORMS, TRANSPARENT FX, OTHERS TO COMBAT INFLATION
The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to accelerate its energy reform and more transparent foreign exchange management to...
FOREIGN EXCHANGE: EXTERNAL RESERVES HIT 22-MONTH HIGH TO $37.31 BILLION – CBN
Nigeria's external reserves have reached a 22-month high of $37.31 billion, indicating considerable foreign inflows into the country's economy. According to data from the Central...