West African nation Nigeria has been named Africa’s largest economy for the second year in a row, citing its economic prowess in the continent, multinational professional services network PricewaterhouseCoopers (PwC) disclosed. The auditing firm which ranks second to Deloitte in professional services published its latest edition of Nigeria Economic Outlook: Top 10 Themes for 2019 […]
The volume of gas that is wasted by oil companies in Nigeria is enough to generate about 3,000 megawatts of electricity, the Federal Government has said. It also stated that the amount of gas flared by oil companies operating in Nigeria was sufficient to power two or three liquefied natural gas trains if harnessed. Senior […]
A call for entries has gone out to intending contestants for the 2019 edition of the three Nigeria LNG-sponsored prizes: The Nigeria Prize for Science, The Nigeria Prize for Literature and The Literary Criticism Prize. This was recently made public by the prizes’ advisory boards. Contestants for both the Science and Literature prizes, which are […]
Rising imports of US crude oil into Asia in the past few months will bring stronger competition in the months ahead for crudes from Nigeria and other West African countries, traders have said. S&P Global Platts reported that the market sources highlighted the March loading programme for Nigeria. Nigerian crude has had a difficult time […]
REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria on Saturday February 23, 2019. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the LNG Borno liquefied natural gas carrier. The vessel with the capacity to transport 149,600 cubic meters of […]
REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria on Saturday February 23, 2019. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the LNG Borno liquefied natural gas carrier. The vessel with the capacity to transport 149,600 cubic meters of […]
The Federal Inland Revenue Service (FIRS) says defaulting wealthy Nigerian taxpayers who have no Taxpayer Identification Numbers (TIN) have only a 30 days lien to do so. The agency also said other Nigerians and firms with a turnover of N100 million in their accounts, but not paying taxes have only a 30 days lien to […]
A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. JPMorgan Chase The bank is alleged to have enabled the misappropriation of state funds totalling $875 million over the Oil Prospecting License, OPL 245. Mr Salihu Isah, Special Adviser on Media […]
Nigerian President Muhammadu Buhari’s hold on power faces a strong challenge on Saturday in a delayed election that hinges on the fate of the economy, Africa’s biggest. The presidential vote in the continent’s top oil producer and most populous nation is too close to call between Buhari and the main opposition candidate Atiku Abubakar, a […]
Nigerian poultry farmers are battling high cost of production and low margins, our correspondent has gathered. Our correspondent gathered that this had resulted in an increase in the price of eggs and other poultry products. The National Bureau of Statistics in its Selected Food Price Watch data for January reported that the average price for […]