Business

It was gathered on Friday that the only importer of PMS at the moment was the Nigerian National Petroleum Company Limited, as many depots and filling stations now lack petrol, leading to queues in outlets that dispensed fuel. Seven oil marketers, who imported Premium Motor Spirit, popularly called petrol, about …

Oil marketers under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Thursday, alerted the federal government to the harsh working environment its members currently operate.In a press briefing in Abuja, by the National President of the organisation, Mr. Benneth Korie, NOGASA stated that the …

Nigeria and other countries in the Sub-Saharan Africa (SSA) region have the highest rates of self-employment and unpaid family employment in the world, according to the World Bank. In its latest Africa’s Pulse report, the multilateral lender said this ranking is leading to depressed worker productivity and limiting workers’ earnings …

Organised labour unions have suspended their planned nationwide indefinite strike action for the next one month. This was contained in a memorandum of understanding signed Monday by the NLC President, Joe Ajaero, and General Secretary, Emmanuel Ugboaja; as well as the TUC President, Festus Osifo, and Secretary General, Nuhu Toro. …

The second-largest lottery winner in U.S. history has come forward to claim the $1.6 billion prize, but the person’s identity may remain a secret for another 90 days, the Florida Lottery said on Wednesday.The Mega Millions jackpot was claimed on Monday, seven weeks after the Aug. 8 drawing, Florida Lottery …

The National Economic Council (NEC) has urged the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) to shelve their planned industrial action. Plateau State Governor, Caleb Mutfwang, issued the appeal on Thursday while briefing State House Correspondents shortly after the NEC meeting at the Presidential Villa in Abuja.He urged …

The CEO of internet search engine company DuckDuckGo testified on Thursday that his company struggled to grow its market share because Google was paying key companies billions of dollars to keep its search engine as the default on computers or mobile devices. THE TAKE: DuckDuckGo CEO Gabriel Weinberg, who was …

President Bola Tinubu has said Nigeria is ready for business, stressing that Africa’s most populous country has the resources and leadership. He stated this in New York on Monday while playing host to a delegation consisting of the global leadership of an oil and gas transnational giant, ExxonMobil. According to …

The new chairman of the Federal Inland Revenue Service, FIRS, Dr Zacch Adedeji, said yesterday the nation is in a revenue crisis and requires urgent steps to change the narrative. Adedeji, who stated this while taking over the mantle of leadership of the agency from his predecessor, Muhammad Nami, noted …

The Oil and Gas Free Zones Authority (OGFZA) has offered to partner with the Niger Delta Development Commission (NDDC) on industrial parks development in the Niger Delta region. Managing Director of the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Yahaya Kaura, MFR; disclosed this on Thursday, 14th September …