...news, reports, issues... about Lagos
The torrential fall of the Naira which has turned the petroleum supply chain into a quagmire is fast eroding the projected gains after the federal government finally removed the petrol subsidy regime.Oil marketers and government officials also appear not to be on the same page when it comes to the actual landing cost of Petroleum […]
It is ten kilometres from the Port Harcourt International Airport to Wigwe International University in Isiokpo. From the airport junction deep into the hinterland, every turn wears a new look in anticipation of receiving an “august visitor”. Preparations for the final burial of the billionaire business mogul, Dr Herbert Wigwe on hypersonic speed. Roads are […]
The Naira on Friday depreciated to N1,540 per dollar in the parallel market from N1,490 per dollar on Thursday. However, the naira appreciated to N1,548.25 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,548.25 per dollar from N1,595.11 per dollar on […]
Despite deregulation, Pinnacle Oil and Gas Limited, an indigenous oil and gas company active across the entire downstream value chain, has disclosed that Nigeria is currently paying about N1 trillion monthly as petrol subsidy. The Managing Director/CEO of the company, Mr. Robert Dickerman, disclosed this while speaking during a panel session six, on Nigeria’s Downstream […]
Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers and National Identification Numbers goes into effect. The CBN had on December 1, 2023, in a circular directed that a ‘Post no Debit’ restriction be placed on […]
