The Federal Government has increased the gas flare penalty by over 6000% from N10 per thousand standard cubic feet of gas to $2 or N612.8 (at the official exchange rate of N306.4 to one dollar) per thousand standard cubic feet of gas. (more…)
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The senate has expressed worry over the scarcity of lower denomination of Naira notes. Members of the upper legislative chamber on Tuesday expressed concerns over the scarcity of N5, N10, N20, N50, N100 and N200 in the country. The lawmakers noted that the scarcity poses a severe threat to the economy of
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With the unabated fuel scarcity in most parts of the country, there is a bit of cheery news for the Federal Government and all Nigerians in general as more crude oil has been discovered in the country. More Crude Oil Discovered In Nigeria, Find Out Where The Managing Director of
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The Nigerian Metallurgical Society has appealed to the Federal Government to expedite action in signing its Industrial Bill into law so as to revitalise the steel sector. Prof. Benjamin Adewuyi, former President of the Society made this call in a statement on Monday in Abuja. Adewuyi said the Nigerian Metallurgical Industrial Bill
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