The Federal Government has explained the importance of Compressed Natural Gas (CNG) to economic development, saying every 1,000,000 vehicles converted to CNG will save the country about $2.5bn. The Programme Director, Presidential Initiative on Compressed Natural Gas, Pi-CNG, Michael Oluwagbemi, said the push for CNG by the Federal Government would […]

The Nigerian National Petroleum Company (NNPC) Limited has stated that the fire incident at a tank farm in Marine Beach, Apapa, Lagos, was at a depot belonging to HOGL Energy Ltd (Honeywell Depot), and not an NNPC Retail Ltd’s facility as circulated by early responders. According to a statement signed […]

DHL’s rise from modest beginnings to become a global leader in logistics is nothing short of remarkable. In 1969, three friends, Adrian Dalsey, Larry Hillblom and Robert Lynn, decided to start their delivery business with what little means they had in San Francisco, USA. Larry Hillblom started his career in […]

The napkin that sealed 13-year-old Lionel Messi‘s signing with Barcelona has been sold at auction for £762,400 at at Bonhams New York store. Originally starting at £300,000, the ‘standard Spanish waxy napkin,’ measuring 16.5 x 16.5 cm, was laminated and framed. Signed in blue ink in December 2000, the napkin contains a pledge from […]

Dangote refinery has commenced export of its refined product providing more revenue opportunities for the mega refinery. This is even as the refinery has placed new order for crude oil totalling about 24 million barrels over the next 12 months For the first time, a Cargo of Low- sulphur Straight […]

“Within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop,” Dangote said in Kigali. Africa’s richest man and Chairman of Dangote Group, Aliko Dangote has assured that following laid down plans of the Dangote Refinery, Nigeria as a nation will have no need to […]

Atedo Peterside, the founder of Stanbic IBTC Bank plc, has said that Nigeria’s Central Bank’s rush to stabilise the naira through dollar sales to Bureau De Change operators will not work. In an exclusive interview with Channels, he stated that the naira’s recent depreciation to N1500/$ is normal and expected. […]

The Federal Inland Revenue Service (FIRS) has fallen short of its tax revenue target for the first quarter of 2024, generating N3.94 trillion as against N4.8 trillion. Zacch Adedeji, the chairman of FIRS made this known while hosting a delegation from the Chartered Risk Management Institute of Nigeria in Abuja. The first three months […]

Adebayo Adelabu, the minister of power has announced the readiness of the Federal government to payoff N130 billion to gas suppliers from over N2 trillion debt owed to them. Adelabu disclosed this at the ongoing Africa Energy Market Place (AEMP) conference in Abuja on Thursday. FG defaults push up power […]

Nigerian commercial banks are shying away from borrowing from the Central Bank of Nigeria (CBN), their last resort, despite the liquidity squeeze in the banking system. Data from the CBN showed that banks borrowing from the apex bank’s lending window, known as the Standing Lending Facility (SLF) declined by 44 percent month-on-month to […]