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Daily Archives: May 20, 2020

PPPRA clears marketers to import petrol

NNPC increases June selling prices of crude oil

Private oil marketers have now joined the Nigerian National Petroleum Corporation in the importation of petrol. It was gathered from the Petroleum Products Pricing Regulatory Agency on Tuesday in Abuja that permits had been given to several marketers to start ...

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Nigeria’s active oil rigs fall by 24% to 16

Nigeria’s active oil rigs fall by 24% to 16

The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the coronavirus-induced collapse in prices and demand for crude. Data obtained from Baker Hughes Incorporated and the Organisation of Petroleum Exporting ...

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Serie A group training gets all clear, season decision May 28

Serie A group training gets all clear, season decision May 28

Italy’s Serie A teams have been given the green light to resume group training but will have to wait until May 28 to know whether the season can resume, Sports Minister Vincenzo Spadafora said on Tuesday. Spadafora told Italian television ...

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No forex for goods with local substitutes –Emefiele

CBN forecasts slower growth, reduces lending rate to 12.5%

The Central Bank Governor, Mr Godwin Emefiele, has said that the CBN will not support the importation of items that can be produced in Nigeria with forex. As Nigeria continued the process of full reopening of the economy, he urged ...

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Customs intercept N13m bales of clothes on NRC train

Customs intercept N13m bales of clothes on NRC train

The Nigeria Customs Service, Oyo/Osun Area Command, has made a total seizure of 180 bales of second hand clothes from a train operated by the Nigerian Railway Corporation with a total Duty Paid Value of N13,252,311. The Area Controller, Oyo/Osun ...

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Shipping firm converts Lagos school complex to bonded terminal

Shipping firm converts Lagos school complex to bonded terminal

Two months after the Lagos State government reclaimed a section of the Mile 2 school complex ‘colonised’ by miscreants, the same parcel of land has been allegedly sold to a shipping line. The school complex houses eight secondary schools – ...

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Too early to rejoice as oil price hits $35

Too early to rejoice as oil price hits $35

Energy experts in Nigeria are uncertain of the sustainability of current increase in the prices of crude oil, as Brent rose to $35.14 per barrel, while Bonny Light traded for $33.92 gaining about $4.11. While the other grades of Nigeria’s ...

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Senate asks FG to suspend electricity tariff increase

Senate asks FG to suspend electricity tariff increase

• Wants power sector privatization reversed • Seeks expansion of move against bandits, others • Urges completion of Ajaokuta Steel projects • Lawmakers amend local content law • Plan agency to boost food security “Our committee needs to investigate the ...

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