Zeetin Engineering seals export MoU with Turkish-American company

All is set for the Zeetin Engineering a Nigerian firm that is pioneering the manufacture of electric cars and other car spare parts to actualize the dreams of being the first firm... Read more »

Nigeria spends N1.47tn on petrol imports in six months

The amount spent on the importation of Premium Motor Spirit (petrol) in the first half of this year jumped to N1.47tn, which is more than 73 per cent of what was incurred... Read more »

Naira weakens to 532/dollar despite rising forex reserves

The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s foreign exchange reserves. The forex reserves, which fell to a record low... Read more »

Nigeria’s economy will collapse in next nine months – Bamgbose

Barrister Olusegun Bamgbose, Esq., a chieftain of the New Nigerian Peoples Party, NNPP, has cried out that Nigeria’s economy might be grounded in the next nine months. He said this was bound... Read more »

Planting Indian hemp will help grow Nigeria’s economy – Akeredolu

The Ondo State Governor, Mr Rotimi Akeredolu, has charged pharmacists in the country to conduct an in-depth research into the various uses of cannabis sativa also known as Indian hemp, for medicinal... Read more »

FG implements cooking gas imports tax, price jumps by 100%

The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity leap by over 100 per cent within... Read more »

Nigerians to pay N500, N200 per trip as FG reintroduces toll gates

The Federal Executive Council has approved the reintroduction of toll collections on some selected dual carriageways across the country. This is as it exempted diplomatic, military, para-military vehicles, tricycles, motorcycles from the... Read more »

Petrol price may rise to N1,000 per litre if… —DPR

The Department of Petroleum Resources says the pump price of petrol in Nigeria may rise up to as much as N1000 per litre when the petrol subsidy regime comes to an end... Read more »

World Bank commends Yahaya Bello over refund of $4.63m surplus funds

The World Bank has commended Governor Yahaya Bello of Kogi for refunding US$ 4.63 million surplus funds under the Nigeria Erosion and Watershed Management project (NEWMAP). The World Bank commended Bello in... Read more »

Association targets distribution of 5,000 free cooking gas cylinders

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says it is working towards distributing 5,000 6kg cylinders with burners to Nigerians free of charge before the year ends. Mr Bassey Essien,... Read more »