Business

Nigeria exports $1.86bn oil to India in Q4 2021

Nigeria exported crude oil worth N774.5 billion or ($1.86 billion) in the fourth quarter of 2021 to India, latest data from Nigeria Bureau of Statistics, NBS, has indicated. Crude oil was followed by exports of liquefied natural gas at N89.8 billion and liquefied petroleum gas otherwise known as cooking gas …

Read More »

World Bank suspends Nigerian firm, MD for bribery

THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which was involved in the National Social Safety Nets Project, was sanctioned for 50 months while the managing director was …

Read More »

NARTO, NUPENG-PTD suspend planned industrial action

The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers and the Nigerian Association of Road Transport Owners on Thursday suspended their plans to embark on industrial action. Both groups had last week threatened to embark on strike over the alleged diversion of the N621bn …

Read More »

Consumers fumes over silent increase in electricity tariff amidst fuel scarcity

Electricity consumers on Thursday kicked against the silent increase in the tariff payable by customers to power distribution companies for electricity consumed. They said it was worrisome that the government was allowing Discos to raise electricity tariff amid fuel scarcity across the country. Adulterate fuel imported into country about two …

Read More »