BUSINESS
Edo State Govt Declares Over 200 Vehicles Missing
The committee set up by the Edo government to recover government assets says over 200 vehicles belonging to the state are missing. The chairman of the committee Kelly Okungbowa shared the information with journalists in Benin City, the Edo State capital on Friday. He said three of these vehicles have been recovered less than a day after the group was inaugurated. Okungbowa...
Ex-Gov Ikpeazu Urges China To Teach Nigeria Fishing Instead Of Giving It Fish
The immediate past governor of Abia State, Okezie Victor Ikpeazu, has called on Nigeria and Africans to embark on more research and data analysis to help them understand the Chinese system in their ongoing cooperation. Ikpeazu made the call in Abuja during Thursday’s presentation of a book by John C. Azu, Daily Trust’s judiciary reporter, titled: “Contemporary Legal Cooperation: China...
Dangote Refinery Reduces Fuel Price By N20
The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. This is the amount marketers would buy the product from the refinery. In a statement released on Sunday, the Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, said the reduction was to appreciate Nigerians as the...
Bulk Sale Of Petroleum Products From Port Harcourt Refinery Yet To Commence — NNPCL
The Nigerian National Petroleum company limited has clarified that it has not commenced bulk sales of product from the Port Harcourt refinery following the trucking out of product on Tuesday. The clarification followed a series of enquiries on the pricing template as Nigerians sought to know how the revamp refinery will positively impact prices. The National Headquarters of Petroleum Products Retail...
FG Begins N50 Electronic Levy Deductions On Transactions Via Fintech Platforms
The Federal Government (FG) has commenced the implementation of the N50 Electronic Money Transfer Levy (EMTL) on transactions of ₦10,000 and above conducted through financial technology (fintech) companies such as Opay, Moniepoint, Kuda, and others. Introduced under the Finance Act 2020, the EMTL is a one-off levy charged to the recipient of any electronic receipt or transfer of ₦10,000 or...
Abia State Proposes N750.3 Billion Budget For 2025
Governor Alex Otti has presented the 2025 Budget of Abia State to the House of Assembly, proposing a total outlay of N750.3 billion, a 30% increase from the 2024 budget. Dubbed the “Budget of Sustained Momentum,” the governor emphasized that 82% of the budget would be allocated to capital projects, while 18% would cover recurrent expenditures. Key allocations include N611.7...
Abia Now Among Top Three Investment Destinations in Nigeria – Governor Otti
Governor Alex Otti has revealed that Abia State is now ranked among the top three investment destinations in Nigeria, trailing only Lagos and Abuja. He made this announcement while presenting the 2025 budget, attributing the achievement to his administration’s focus on infrastructure development, security, and economic reforms. “Abia State has become a key destination for foreign investments, and this is...
Nigeria’s Ademola Adeyemi-Bero Appointed As Chairman OPEC Board of Governors
Nigeria has reaffirmed its leadership in the global energy sector with the appointment of Mr. Ademola Adeyemi-Bero, Nigeria’s Governor for OPEC, as Chairman of the OPEC Board of Governors for 2025. His appointment was confirmed at the 189th meeting of the OPEC Conference. Prior to his appointment as the Chairman of the OPEC Board of Governors, he was confirmed as...
All About Masters Energy Group
Masters Energy Group, celebrating 18 years of impactful business operations in Nigeria, has become a transformative force in the country's economic landscape. Since its establishment in 2005, through the vision and foresight of renowned businessman and philanthropist Dr. Uchechukwu Samson Ogah, Masters Energy Group has made significant strides, touched the lives of millions of households, and contributed to Nigeria's gross...
NNPCL Reduces Petrol Ex-Depot Price, Sparks Optimism For Economic Relief
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, for oil marketers. The price has been lowered from ₦1,020 to ₦899 per litre, a move that has been welcomed as a positive step towards making fuel more affordable for Nigerians. According to the new pricing...
