Petrol: Freight Rate Rises
The Federal Government has increased the freight rates of petrol by N10 per litre. A circular on the increase, which took effect June 1 will be issued today by the government.President, Nigerian Association of Road Transport Owners!-->!-->!-->!-->!-->…
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Subsidy hits 45% of fuel import bill in Q1 – NBS report
The National Bureau of Statistics has disclosed that Nigeria spent N1.51tn on the imports of premium motor spirit, also known as petrol, in the first quarter of 2022.This was 25.54 per cent of the total imports for this quarter,!-->!-->!-->!-->!-->…
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Brent reclaims $120 after Saudi Arabia hikes crude prices for July 2022
The black liquid has started the new week on a bullish note, with the global benchmark, the Brent, pushing above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July, signalling tight supply even after OPEC+ agreed!-->!-->!-->…
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More troubles for gas users – as terminal owners, marketers clash over rising costs, scarcity
Cooking gas cylinder
The two combatants are major players in the downstream oil and gas industry, and were business soul-mates until seemingly irreconcilable differences set them apart.Since their relationships soured in the wake of!-->!-->!-->!-->!-->…
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Nigeria To Construct Gas Pipeline To Europe Through Morocco
Nigeria has given the state-run Nigerian National Petroleum Corporation Limited (NNPC) the greenlight to implement a deal on construction of a gas pipeline to Europe through Morocco.This follows reports of surging demand for!-->!-->!-->!-->!-->…
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‘Cost Engineering and Cost Control of Large and Medium Capital Projects’
This important book was among the three books launched by Engr. Johnson Awoyomi in February this year at Lagos. We intend to carry chapter four of the book here because of its significance to the topic, which is Cost Engineering and!-->!-->!-->…
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Mixed Reactions Greet New Super Eagles Coach
By Saidu AbubakarThat Portuguese, José Vítor dos Santos Peseiro is the new Head Coach of the Super Eagles of Nigeria is no longer news. The Nigerian Football Federation had announced the appointment saying it was with immediate!-->!-->!-->!-->!-->…
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A Toast to Leading Women in Africa’s Oil and Gas Sector
By Aisha S. MichikaWomen’s place in a typical African market setting is highly recognized in our continent. Their participation in markets square is to the extent that if they decide to pull out of markets, the whole place would be!-->!-->!-->!-->!-->…
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Mikano Unveils Azkarra Luxury SUV Engineered for Self-assured Fluidity
Mikano Motors has unveiled its all-new flagship luxury Sport Utility Vehicle (SUV) from its Geely Nigeria lineup, the Azkarra.Speaking at the unveiling ceremony in Lagos recently, Ralph Haidar, who is the General Manager of Mikano!-->!-->!-->!-->!-->…
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Why Real Estate Market is Booming in Nigeria
By Danlami Nasir Isah
The real estate sector is gradually proving to be a force to be reckoned with in the Nigerian economy.Recent data has shown that the real estate sector grew by 2.26 per cent in the last quarter of 2021 as!-->!-->!-->!-->!-->!-->!-->…
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