30 results
- 8 Mar 2020
MOMAN Begs FG for Dollar at N306 to Import Fuel
Major Oil Marketers Association of Nigeria (MOMAN) said access to the dollar at N306 will enable them to resume importation of Premium Motor Spirit (petrol). The marketers also said there was an…
- 27 Jan 2014
Fuel Scarcity Looms as N220Bn Debt Threatens Supply
Major Oil Marketers Association of Nigeria (MOMAN), yesterday, said that the federal government owed her members some N120 billion and that no independent marketer had received subsidy claims…
- 14 Dec 2014
Major Fuel Scarcity Looms as Oil & Gas Workers Down Tools
Nigerians may be thrown into a fresh round of acute fuel shortage this Christmas season as oil and gas workers today begun a nationwide indefinite strike to protest the inability of the…
- 17 Jun 2025
Rising Oil Prices: PENGASSAN Calls Out Marketers Over Fuel Hike
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has criticised oil marketers for exploiting Nigerians through inflated fuel prices, insisting…
- 29 Nov 2012
PENGASSAN Urge FG to Compel Oil Majors to Build Refineries
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked the federal government to make a provision in the current Petroleum Industry Bill to compel oil producing…
- 30 Jul 2021
Shell Hires Standard Chartered for Sale of SPDC, Major Divestment in Nigeria
Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development…
- 14 Jul 2020
ATCON Hosts Sectoral Virtual Forum to Address Post COVID-19 Telecom Needs
The Association of Telecommunications Companies of Nigeria (ATCON) has concluded plans to organize a Sectoral Virtual Forum that would address the need of telecom and ICT Consumers in the…
- 26 Jan 2015
Marketers Fleece Kerosene Consumers of N800m Daily
Marketers of petroleum products and their agents may have been extorting kerosene consumers an estimated N800m daily if official statistics are used as basis of demand, according to National Mirror.…
- 11 Mar 2026
Nigeria’s Non-Oil Exports Hit N12.36trn in 2025 – NBS
Nigeria’s non-oil exports rose sharply to N12.36 trillion in 2025, up from N9.09 trillion in 2024, according to the National Bureau of Statistics’ Foreign Trade in Goods Statistics report. The…
- 20 Oct 2021
Nigeria and Oil: Looking Beyond Price Collapse Towards Post Recovery Savings (Part 1)
By Austin Okere “Oil prices hit three-year high as gas crunch starts to affect crude market” was the screaming headline in the Financial Times of September 27, 2021, with a rider ‘Goldman Sachs lifts…
- 6 Mar 2015
Nigerian Banks in Trouble, Plan Mass Sack of Workers
Nigeria’s banking sector is currently witnessing a shockwave, following economic decline caused by reduced oil revenue, according to Daily Sun i nvestigations. As a result, fear of massive sack of…
- 23 Feb 2015
Fuel Scarcity Looms as Forex Threatens Imports
Nigeria may be heading for another round of fuel due to a combination of factors which have all conspired to threaten the importation of premium motor spirit (PMS) also known as petrol. First is the…
- 19 Feb 2024
Fuel Scarcity Looms as Tanker Owners Withdraw Vehicles Today
Tanker owners have said they will halt the transportation of petroleum products starting today, raising the fear of another fuel scarcity crisis in the country. Speaking under the aegis of the…
- 21 May 2015
PENGASSAN, NUPENG on Strike to Worsen Fuel Crisis
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), have begun an indefinite strike that may completely…
- 19 Jan 2017
Nigeria Risks Losing 37% Of GDP to Corruption By 2030- Allianz
Corruption in Nigeria could cost up to 37% of GDP by 2030 if it’s not dealt with immediately, Allianz Global Corporate & Specialty (AGCS) has warned. AGCS is the Allianz centre of expertise for…
- 26 Feb 2018
Nigeria's Smartphone Uptake Set to Improve in 2018
Analysts at Counterpoint Research expect the smartphone market in Nigeria to grow in double digits in CY 2018, driven by the entry of new players and changing OEM strategies. According to analysis…
- 13 Nov 2015
Financing, Limitations for Discussion at Franchising Conference 2015
The franchise industry in Nigeria currently dominates key industries such as oil and gas, fast food and beverages, retailing and hospitality. According to experts one sure way of growing the size of…
- 4 Nov 2015
Africa’s Regional Trade Pushes Air Freight Markets in September
The International Air Transport Association (IATA) released data for global air freight markets showing very modest growth in September. Measured in Freight Tonne Kilometers, air cargo volumes rose…
- 27 Nov 2013
Oil Workers Oppose Sale of Refineries, Says It's against National Interest
Oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have said that they would resist…
- 7 May 2008
Local software Vs foreign software
It is for this reason that the Association of Telecommunications Companies of Nigeria (ATCON) recently held a Stakeholders’ Summit on "Nigerian Content Development in the ICT…
- 8 May 2025
NEPC, NBS Sign MoU on Data Capturing
Nigerian Export Promotion Council (NEPC) and Nigerian Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) to facilitate data collection from Informal Cross Border Trade. Nonye…
- 24 Jul 2019
SMEs as a Key Driver to Economic Growth in an Emerging Market
Adewale A. Adeyipo In spite of the harsh economic conditions Nigeria is faced with, recent trends have shown there are opportunities for growth of the SME Industry in Nigeria. As reported by Nigeria…
- 15 Jul 2019
Dr. Oyedokun, Nigerian Appointed Chair GFVC Federation of Africa
Dr. Oyedokun Ayodeji Oyewole, a Nigerian, has been appointed as Chairperson for Global Fashion Value Chain (GFVC) Federation of Africa and will preside over all African countries working groups.…
- 30 Oct 2013
Proserv Appoints Phillips Head of Nigerian Operations
Proserv, international energy technology Services Company has reinforced its expanding global reach by appointing Olu Phillips country manager for Nigeria, one of West Africa's fast-emerging…
- 20 Feb 2015
Scary! Get Ready for $10 a Barrel Oil
This is a very bad time for oil dependent country like Nigeria because a scary analysis in Bloomberg by Gary Shilling has predicted a further tumble in oil price, According to Shilling, at about $50…
- 26 Jun 2012
Creating An Investment Friendly Telecom Market
Technology Strategies International in partnership with BroadGroup TMT Ventures recently, published a report on telecom development in Nigeria. It pointed to ample room for expansion of the…
- 1 Jun 2016
Critics Blame Buhari, CBN for Nigeria’s Worst Economic Crisis
Some Nigerians have blasted President Muhammadu Buhari, elected on a wave of optimism last year, for failing to react not fast enough to the changing climate but made matters worse by…
- 29 Dec 2014
Consumers May Pay More for Goods, Services in 2015 - LCCI
The Lagos Chamber of Commerce and Industry (LCCI) and Manufacturers Association of Nigeria (MAN) have expressed anxiety on the possibility of consumers paying more for goods and services in 2015.…
- 5 Dec 2015
#Electricity: Leveraging Gas to Power Nigeria
In order for any country to experience sustainable growth, there is an underlying need for consistent, affordable, and environmentally-friendly energy. Electricity plays a fundamental role in the…
- 26 Oct 2010
Experts Identify Obstacles to Local Content
Foreign investment into Nigeria's telecommunications sector has hit about $12 billion and this is a strong indication that Information and Communications Technology (ICT) is the most vibrant in the…