Oil traders represented by the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to close down the 30,000 filling stations operated by its members nationwide if the Federal Government fails to settle the N200 billion debt owed to marketers. IPMAN specifically pointed out that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), a […]
In an era increasingly shaped by technology, organizations are being reminded of the importance of embracing innovative office administration and management processes, which are crucial for maintaining business relevance and sustainability. At the 2nd biennial national conference of the National Institute of Office Administrators and Information Managers (NIOAIM), experts emphasized the significant role of digital […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has unveiled initiatives aimed at creating a unified retail segment within the foreign currency market. According to a statement released by the association on Friday, this move is intended to address market volatility and enhance regulatory adherence within that sector. ABCON President, Aminu Gwadabe, outlined […]
Port Harcourt Electricity Distribution Plc has announced the commencement of the implementation of the April 2024 Supplementary Order to the Multi-Year Tariff Order issued by the Nigerian Electricity Regulatory Commission within its franchise area. In a bid to enhance service provision, PHED assured customers of improved service delivery, highlighting that the supplementary order, effective from […]
Maritime experts have highlighted that Nigeria is experiencing an annual loss of $9.2 billion due to foreign shipping lines handling cargo that should ideally be managed by a national fleet. During the inauguration of the new executives of the Shipowners Association of Nigeria in Lagos, Hassan Bello, a former Chairman of the National Fleet Implementation […]
Technology startups serve as more than just catalysts for growth; they are the very engine driving growth itself. These startups tackle issues that other sectors overlook, employing innovative approaches that propel society forward while simultaneously generating employment, stimulating economic activity, and attracting foreign investment. In today’s dynamic economic landscape, technological innovation is recognized as a […]
Chery, the esteemed automotive brand synonymous with innovation and sophistication, thrilled residents of Lagos with an enchanting roadshow yesterday. The event commenced with an enthralling procession starting from the Carloha showroom and winding its way through scenic routes, including the iconic Third Mainland Bridge, Ikoyi, and Victoria Island, before reaching its culmination at the Palms […]
Since the enactment of the Petroleum Industry Act in 2021, there has been a notable transformation in Nigeria’s oil and gas sector. This legislation, passed by the National Assembly and signed into law by former President Muhammadu Buhari, stands as one of the boldest endeavors to revamp the petroleum industry in the country. The Act […]
The Central Bank of Nigeria has been encouraged to uphold recent measures and policies aimed at stabilizing the naira, as advocated by Babatunde Adeyemo, the Chief Executive Officer of Pelican Valley Nigeria Limited, in a statement issued on Thursday. He urged the federal government to take decisive action against those undermining the economy to maintain […]
Although Nigeria is not officially in a state of recession, the country is currently grappling with formidable economic hurdles. The depreciation of the naira, alongside soaring inflation rates, has rendered it arduous for numerous Nigerians to meet their financial obligations. Escalating food prices, attributed to insecurity in key agricultural regions, have hindered farmers from tending […]
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