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PenCom recovers N553,03m from 19 defaulting employers
The National Pension Commission (PenCom) has said following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs), the sum of N553,033,652.01,…
Stock Exchange resumes March with N69bn growth
Activities on the Nigerian Stock Exchange commenced the week and month on Monday on a bullish trend, following uptick in BUA Cement, Zenith Bank and UBA.
Specifically, the market capitalisation increased by N65 billion or 0.33…
Okonjo-Iweala talks tough as she resumes as WTO DG.
The World Trade Organisation’s (WTO) first female and first African director-general, Ngozi Okonjo-Iweala, began work on Monday, ending a six-month leadership void by vowing to unblock negotiations on rules to stop…
NNPC: Nigeria is losing ₦151.78bn in crude oil monthly
The Nigerian National Petroleum Corporation on Wednesday said Nigeria is losing an average of 200,000 barrels of crude oil daily.
Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the…
Cryptocurrency: 18 States hail introduction of Zugacoin to Global Digital Market
No fewer than 18 States in Nigeria and Abuja, the Federal Capital Territory on Saturday, rolled out the drums in celebration of the introduction of 'Zugacoin', a new Cryptocurrency, to the Global Digital Market. This…
Petrol landing cost rises to N186.33 per litre
The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre.
Crude oil price accounts for a large chunk of the final cost of petrol, and the deregulation of petrol price by the…
India restates commitment to free, fair global trade, hails Okonjo-Iweala’s appointment as WTO DG
India said she remains committed to free and fair global trade, expressing delight with the emergence of Dr Ngozi Okonjo-Iweala as the Director General of the World Trade Organization, (WTO).
The commitment of the Asian country…
DPR warns Depot owners against hoarding of Petroleum Products
Following reports that some fuel marketers have started adjusting pump prices amid the supply shortage facing private depots in Apapa, the Department of Petroleum Resources has warned fuel depot owners against hoarding petroleum…
Inflation rate rises to 16.47 percent in January 2021
The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021, according to latest data released by the National Bureau of Statistics (NBS).
This is 0.71 percent points…
Petrol price’ll continue to increase except refineries are fixed says PETROAN
Until there are functional refineries in the country, the price of petrol will continue to increase, the Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) said on Tuesday.
President of PETROAN, Dr. Billis…