Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter. However, the oil market is expected to return to deficit in the second half of the year. China’s re-opening and[Read More…]
News
FG Disburses N173bn For Uniform Fuel Price Nationwide
The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources showed. PMS price equalisation is done by the Federal Government through the Nigerian Midstream and Downstream[Read More…]
Consumers Kick as Discos Increase Electricity Tariff
Power consumers across the country have kicked against the quietly increased power tariff by Electricity Distribution Companies. Although most of the Discos did not make this public, electricity users have described it as “a perfect robbery” amidst the harsh economic realities in Nigeria currently. Reacting to the price hike, a[Read More…]
Photo news
R-L: Taiwo Ayodele, Marketing Executive, Marketing Space magazine, Ayobami Lukman Ishau, Publisher/CEO, Marketing Space magazine and Tolulope Medebem, CEO, Aster Integrated Marketing Ltd after receiving Most Consistent Experiential Marketing CEO (Female) of the Year award during 8th anniversary of Marketing Space magazine held recently in Lagos.
Winner of the 61st FirstBank Lagos Amateur Open Golf Championship gets listed in The World Amateur Golf Rankings (WAGR)
Emmanuel Ojeabulu, winner of the 61st FirstBank Lagos Open Golf Championship has been listed in the WAGR. The premier golf championship which was held from 18 – 20 November at the golf section of Ikoyi Club 1938 was keenly contested by over 190 low handicap players from several golf clubs[Read More…]
Gas, Power, Others to Transact Via Trading Platforms in 2023 – FG
The Federal Government has announced that power generation, distribution and transmission companies, gas suppliers, consumers, among others, will conduct electricity transactions through an automated energy trading platform in 2023. The government said the platform would facilitate an automated and transparent marketplace and would serve as a system for the consummation[Read More…]
Nigeria’s Free Trade Zones Generates $46.4bn Investment
The Federal Government says the Nigeria free trade zones attracted over $46.6 billion investment into the nation’s economy. Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, and his counterpart from the Oil and Gas Free Zones Authority, Tijjani Kaura, made this disclosure at the 30th anniversary of[Read More…]
Ijebu Heritage Group Honours 9 Eminent Nigerians
The Ijebu Heritage group held its annual award dinner at the The Metropolitan Club Lagos to showcase its contributions to the society and recognize 9 of its distinguished members for their outstanding personal achievements. The Chairman of Ijebu Heritage Group Otunba Olalekan Belo was ably supported by eminent dignitaries and[Read More…]
Greenville LNG, Top Gas Company Notorious for Breaching Contracts Risks Another Multimedia Dollar Lawsuit
Dissatisfied with the judgement, On January 27, 2021, IEC filed a petition to vacate the Award in New York state court but the court rejected IEC’s arguments. “In short, due to the strong deference owed to the decisions of arbitrators, the Court is compelled to reject IEC’s arguments and confirm[Read More…]
Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months
Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes in the period under review, a 16.57 per cent increase from the N1.72tn paid in the corresponding period of[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]