Petroleum Commission To Relocate Key Departments To Lagos
The Nigerian Upstream Petroleum Regulatory Commission is currently considering relocating some of its units to Lagos, according to a document seen by Channels. The memo dated February […]
Business
Central Bank Raises Customs Duty Rate By 2.6%, 5th Time In 2024
Misery of Nigerian importers have continued to worsen as the Central Bank of Nigeria (CBN), on Wednesday, readjusted the Customs exchange rate from N1444.56/$1 to […]
Access Holdings appoints Ms. Bolaji Agbede as Acting CEO, following death of Herbert Wigwe
Access Holdings Plc has made a decisive move in leadership continuity by appointing Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This is […]
CBN under Tinubu hikes Customs duties three times in 2024
The Central Bank of Nigeria, CBN, under President Bola Ahmed Tinubu, increased the Customs duties exchange rate for the third time in 2024. Import duties […]
Totalenergies To Exit Nigerian Onshore Oil Business
French oil major TotalEnergies has announced plans to sell its minority stake in a major Nigerian oil joint venture. The firm said it wants to […]
We Need To Moderate Demands For Forex, Says Cardoso
The Central Bank of Nigeria, (CBN) Governor , Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our […]
Discos overbill customers by N105bn, face NERC sanction
The Nigerian Electricity Regulatory Commission, on Friday, declared that it would deduct N10,505,286,072 from the annual allowed revenues of the 11 power distribution companies during […]
CHROME GROUP & EEDC BOSS, SIR EMEKA OFFOR VISITS ABIA STATE GOVERNOR
, PROMISES HIM ADEQUATE SUPPORT TO CONSOLIDATE HIS DEVELOPMENTAL PROGRAMMES In line with his principle of providing adequate support and encouragement to political leaders who […]
FG considers converting $30 billion in domiciliary accounts to naira
In a bid to stabilize the naira from its recent fall, the Bola Tinubu-led government is mulling a policy that will result in the conversion […]
Court hands light sentence to assistant director who stole N32.8bn from police pension fund
An Abuja high court on Monday handed a two-year jail term, with a N250,000 fine option, to one of six federal officials tried for stealing […]