Wage bill, other spending exceed subsidy savings — Oyedele
…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
GE supplies Flour Mills with 12.5MW engines
GE has said its U.K.-based distributed power provider, Clarke Energy, is supplying GE’s new diesel engines to Flour Mills of Nigeria Plc, to boost the company’s industrial operations.
Uquo gas plant: Raising the bar on indigenous capacity
Expectations were high when in 2003 the Department of Petroleum Resources, DPR, awarded the Oil Mining Lease, OML 13, among 23 others as part of the Federal Government’s Marginal Field Programme.
Lagos to commence oil exploration in 2015
Lagos State will likely commence oil and gas exploration by next year, following the large deposit of oil found in some parts of the state like Epe, Ibeju-Lekki, and the Badagry axis.
ATM: Bank customers cautious over N65 charge
As the N65 charge on the use of other banks’ Automated Teller Machines, ATMs commenced last week, as announced by the Central Bank of Nigeria, CBN, customers have been cautious on its usage as most customers used their banks’ATMs.
China’s low price offering threatens cassava business
The low price tag put on Nigerian cassava chips by China is frustrating Nigerian exporters of the commodity. This development is impeding the successful execution of the cassava chip export contract entered by Nigeria and China.
