OPEC blames taxes for fuel price hikes

by | Sep 19, 2024 | Business

The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has revealed that taxes imposed by major oil-consuming countries, not oil prices, are the primary driver of fuel costs. He explained that the prices paid by consumers at the pump were determined by various factors, including the price of crude oil, refining,

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The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has revealed that taxes imposed by major oil-consuming countries, not oil prices, are the primary driver of fuel costs. He explained that the prices paid by consumers at the pump were determined by various factors, including the price of crude oil, refining,

Read More The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has revealed that taxes imposed by major oil-consuming countries, not oil prices, are the primary driver of fuel costs. He explained that the prices paid by consumers at the pump were determined by various factors, including the price of crude oil, refining,
Read More  Punch Newspapers – Business

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Oil imports crashed by 35% in Q2 – CBN

Oil imports crashed by 35% in Q2 – CBN

Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas

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Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas

Read More Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas
Read More  Punch Newspapers – Business

Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas
Read More

Strengthen diplomatic presence to boost economy, FG urged

Strengthen diplomatic presence to boost economy, FG urged

The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic

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The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic

Read More The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic
Read More  Punch Newspapers – Business

The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic
Read More

PTML Customs generates N288bn revenue — Official

PTML Customs generates N288bn revenue — Official

The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this

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The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this

Read More The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this
Read More  Punch Newspapers – Business

The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this
Read More

WIMBIZ canvasses more women representation in govt

WIMBIZ canvasses more women representation in govt

The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy

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The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy

Read More The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy
Read More  Punch Newspapers – Business

The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy
Read More

Manufacturers on Band A power facing serious trouble – MAN

Manufacturers on Band A power facing serious trouble – MAN

The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as

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The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as

Read More The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as
Read More  Punch Newspapers – Business

The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as
Read More