The Nigerian Railway Corporation said it has the capacity to carry 900,000 litres of fuel at once with tank farm wagons. Director of Operations, Nigerian Railway Corporation, Niki Ali said that the Corporation has the capacity to meet the demand of moving petroleum products provided the oil marketers are willing to partner with the Corporation.
Nigeria Poised To Top Media Entertainment Market
According to a new report by Price Water Coopers (PwC), dubbed Entertainment and media outlook:2017-2021: An African perspective', Nigeria will be the world's fastest-growing Entertainment & Media (E&M) industry between 2017- 2021. The country currently tops the industry followed by Kenya, Ghana, and Tanzania.
Nigeria To Shift Attention To Sokoto Basin For Oil
Sokoto state Governor, Aminu Waziri Tambuwal, has appealed to the Nigerian National Petroleum Corporation (NNPC), to embark on oil and gas exploration in the Sokoto Inland Sedimentary Basin with a view to establishing the volume and value of hydrocarbon deposits there.
Nigerian Stock Exchange Elects New National Council Members
Council members of the Nigerian Stock Exchange have elected Chartwell Securities Limited, represented by Mr. Oluwole Adeosun; Equity Capital Solutions Limited, represented by Mr. Kamarudeen Oladosu; Fortress Capital Limited, represented by Mr. Yomi Adeyemi; Pilot Securities Limited, represented by Mr. Seyi Osunkeye;
Federal Government To Go Ahead With Airports Concession
The Federal Government on Wednesday said it is not reversing its concluded plans to concession Nigeria airports, beginning with Lagos, Abuja, Kano and Port Harcourt. The government said the decision was taken because it can no longer sustain the funding of the 22 airports across the country, assuring that the process will be transparent done and the aviation workers who fear possibility of massive job losses will be fully carried along.
Oil Prices Climax As OPEC Meets In Vienna
Oil prices remained above the $56 mark on Thursday and Friday morning as traders await the outcome of the meeting between members of the Organisation of Petroleum Exporting Countries and other oil producers. The last time oil prices were above $56 was in June 2015 when the average price was $61.20 a barrel. The meeting will be focused on the possible extension of oil supply cuts that has been extended till March 2018.
FIRS Generates N2.5tn From Taxes In Eight Months
The Federal Inland Revenue Service generated N2.51tn from taxes between January and August this year.
Companies Groan Under Naira Shortage
A Central Bank of Nigeria requirement that companies back forward dollar purchases with naira is drying up supplies of the local currency.
Nigeria Economy: Diversification Increases Commodities Exports By 3.2%
Nigeria Export Promotion Council has applauded the diversification agenda of the Federal government. Executive Director, Nigerian Export Promotion Council, Olusegun Awolowo says Nigeria’s exports appreciation by 3.2 per cent shows that government efforts are producing results.
Good News As Staff Of Defunct Nigerian Airways Get N45b
More than 12 years after they were laid off following the liquidation of the national carrier, Nigerian Airways, the staff, are to be paid their entitlements.
Swiss Regulator Shuts Down Scam Cryptocurrency E-Coin
The Swiss financial regulator has closed down three companies linked to a fake cryptocurrency E-coin amd fears that investors may been scammed out off millions of Swiss francs and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.