By Abdulfatah Babatunde Nigerian motorists woke, on Tuesday, into the agony of another hike in the pump price of petrol from N488 to N617 per litre. TheNewsZenith reports that many fuel stations in Lagos now sell at between N598 and N614 per litre against the old price template of N488 per litre. At Mobil, Oando […]
By Abdulfatah Babatunde The National Agency for Science and Engineering Infrastructure (NASENI) has invited foreign investors to collaborate on local production and domestication of Lithium batteries and other renewable energy solutions in Nigeria. Bashir Gwandu, CEO of NASENI announced this while receiving business delegation from LEMI Technology Shenzhen, China, on Monday in Abuja. Ms Joyce […]
The Nigeria Customs Service (NCS), Kwara State Command, says it generated about N6.25 billion as of the end of June, this year. The Area Comptroller, Kehinde Ilesanmi, announced this during an interaction with newsmen, on Friday in Ilorin. Ilesanmi said the amount represents a 9.14 per cent increase in revenue in comparison with the same […]
By Our Correspondent Acting Comptroller-General of the Nigeria Customs Service (NCS), Wale Adeniyi, says Nigeria’s fuel is still being smuggled out persistently despite the removal of subsidy. Adeniyi said this while speaking with State House correspondents after a meeting with President Bola Tinubu at the Presidential Villa, on Tuesday, in Abuja. He said it would […]
The Asian Development Bank (ADB) has approved $190 million in additional funding for ongoing Rural Connectivity Improvement Project in Bangladesh. Masahiro Nishimura, Principal Rural Development Specialist of Environment, Natural Resources, and Agriculture division in the South Asia department of the ADB, announced the approval in a statement Tuesday. “This is ADB’s second additional financing for […]
The African Development Bank (AfDB) has appointed a new director for Syndication, Co-financing and Client Solutions Department, effective July 1. He is Mr Max Magor Ndiaye. Ndiaye is a structured finance, risk management and capital markets professional with 20 years of international public and private sector experience. Before this appointment, he served as the Acting […]
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]
Anambra indigenes residents in Cote d`Ivoire have called on the state government to create an enabling environment that would attract people in the Diaspora to invest at home. They also said that Anambra people in the Diaspora were eager to invest in the state to boost its economy. Nze Chiadi Chinazo, Vice-President of Anambra State […]
The Vice President, Sen. Kashim Shettima, on Monday in Abuja, decorated the new Comptroller-General of the Nigeria Customs Service (NCS). Shettima described the appointment of Mr Adewale Adeniyi by President Bola Tinubu as a morale booster for officers in the service. The NewsZenith reports that the Chief of Staff to the President, Femi Gbajabiamila witnessed […]
Malaysia’s exports are projected to reach $425 billion by 2030 with an annual growth rate of 6.8 per cent, Standard Chartered said on Monday. According to the global bank, China and Singapore are expected to continue to dominate Malaysia’s trade, while India, Vietnam and Indonesia are emerging as high-opportunity trade partners. Malaysia’s exports to China […]