Business News

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The Petroleum Products Marketing Company, a surbodinate of the Nigerian National Petroleum Corporation, has caused the ex-depot price of petrol also known as Premium Motor Spirit, to increase by N12.94 to N151.56 per litre from N138.62 per litre. This was disclosed in an internal memorandum from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 […]

Another series of winners have emerged in the ongoing Spell and Win “Bag of Goodies 2” Consumer Promo. The Spell and Win “Bag of Goodies 2” Consumer Promo launched by Dangote Cement Plc to reward and improve the livelihoods of its consumers around Nigeria saw Nine Lucky winners go home with One million naira each […]

In continuation of efforts to curb smuggling activities, the  Coordinator of the Joint Border Drill Operations, Sector 3, Ilorin, Kwara State Comptroller Mohammed Uba Garba embarked on a three-day sensitization tour to border communities along Kaiama-Jebba-Mokwa-Wawa-Babanna and Kotangora axis of Kwara and Niger States with a stern warning to recalcitrant smugglers still operating in the area […]

Nigeria has moved up by 15 places to 131 in the World Bank’s Ease of Doing Business ranking from the 146th position it was in 2018. This comes after the World Bank ranked the country in the top 10 economies where business climates improved the most some weeks ago. According to the World Bank Group’s […]

The Manufacturers Association of Nigeria has said that the implementation of the cashless policy may have negative impact on the Micro, Small and Medium Enterprises. The association’s Director-General, Segun Ajayi-Kadir on Monday described the MSMEs as the engine room of the economy, especially due to its employment generation capacity. He said the Central Bank of […]

The US and Japan have agreed an initial trade deal that will eliminate or lower tariffs on certain products traded between them. Duties on some agricultural goods will be removed or lowered, while digital products will also benefit. US President Donald Trump said the world’s first and third largest economies achieved a “tremendous” deal. Under the […]

China has released a list of sixteen US imports that will be exempted from tariffs in the ongoing trade war between the world’s two largest economies. They include anti-cancer drugs and animal feed. But with more than five thousand products on it, the list of goods that are still subject to extra taxes is much […]

The Economic and Financial Crimes Commission (EFCC) has extended to Olusegun Obasanjo Presidential Library, its investigation of the laundered 150 million euros cash-for-poll by associates of former vice-president Atiku Abubakar. It was learnt that the investigators went to the Library on August 8 to authenticate the claims by one of those under probe that he […]

The Nigerian National Petroleum Corporation (NNPC) yesterday said oil and gas pipeline vandalism rose by 77 per cent in June this year.The newly released June edition of the corporation’s Monthly Financial and Operations Report (MFOR) showed that 106 pipeline points were breached as against the 60 points vandalised the preceding month. NNPC’s Group General Manager, […]

Precarious economic conditions have created an increase in the cost of living in Nigeria. Instead of reflecting this change, however, working conditions for average citizens remain problematic. The Nigerian informal economy is a largely hostile and volatile environment. The nature of the informal economy is that it is not subject to federal labour laws. Small-time […]

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