Cyrus Ademola, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 17:59:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Cyrus Ademola, Author at Nairametrics 32 32 201037849 Nigeria’s 4 refineries can only meet 50% of country’s daily petrol demand — Energy Expert  https://nairametrics.com/2024/08/17/nigerias-4-refineries-can-only-meet-50-of-countrys-daily-petrol-demand-energy-expert/ https://nairametrics.com/2024/08/17/nigerias-4-refineries-can-only-meet-50-of-countrys-daily-petrol-demand-energy-expert/#respond Sat, 17 Aug 2024 17:59:42 +0000 https://nairametrics.com/?p=496004 A former technical adviser to the Minister of Petroleum Resources and energy expert, Daniel Kunle, has revealed that the four national refineries, even at full capacity, could only produce about 20 million liters of petrol daily. 

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]]> https://nairametrics.com/2024/08/17/nigerias-4-refineries-can-only-meet-50-of-countrys-daily-petrol-demand-energy-expert/feed/ 0 496004 Oil firm denies importing substandard petrol to Nigeria amid Malta blending plant controversy   https://nairametrics.com/2024/08/17/oil-firm-denies-importing-substandard-petrol-to-nigeria-amid-malta-blending-plant-controversy/ https://nairametrics.com/2024/08/17/oil-firm-denies-importing-substandard-petrol-to-nigeria-amid-malta-blending-plant-controversy/#respond Sat, 17 Aug 2024 14:00:03 +0000 https://nairametrics.com/?p=495990 An indigenous oil company, Matrix Energy Group, has reacted to a report that it is importing substandard petrol into Nigeria, particularly from Malta, insisting its products meet the required guidelines.  

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]]> https://nairametrics.com/2024/08/17/oil-firm-denies-importing-substandard-petrol-to-nigeria-amid-malta-blending-plant-controversy/feed/ 0 495990 NNPC to job seekers: We are not selling employment slots https://nairametrics.com/2024/08/17/nnpc-to-job-seekers-we-are-not-selling-employment-slots/ https://nairametrics.com/2024/08/17/nnpc-to-job-seekers-we-are-not-selling-employment-slots/#respond Sat, 17 Aug 2024 11:41:45 +0000 https://nairametrics.com/?p=495988 The Nigerian National Petroleum Company Limited (NNPC) Limited has firmly denied any allegations of involvement in the sale of employment slots to job seekers in the country. 

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]]> https://nairametrics.com/2024/08/17/nnpc-to-job-seekers-we-are-not-selling-employment-slots/feed/ 0 495988 Rice importation through Nigeria’s land borders still banned — Customs clarifies   https://nairametrics.com/2024/08/17/rice-importation-through-nigerias-land-borders-still-banned-customs-clarifies/ https://nairametrics.com/2024/08/17/rice-importation-through-nigerias-land-borders-still-banned-customs-clarifies/#respond Sat, 17 Aug 2024 08:57:13 +0000 https://nairametrics.com/?p=495982 The Nigeria Customs Service (NCS) has confirmed that the new fiscal measures on food importation apply only to paddy rice, while the federal government maintains its restriction on rice importation through land borders. 

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]]> https://nairametrics.com/2024/08/17/rice-importation-through-nigerias-land-borders-still-banned-customs-clarifies/feed/ 0 495982 FAAC: FG, States, Local Governments share N1.358 trillion in July 2024   https://nairametrics.com/2024/08/17/faac-fg-states-local-governments-share-n1-358-trillion-in-july-2024/ https://nairametrics.com/2024/08/17/faac-fg-states-local-governments-share-n1-358-trillion-in-july-2024/#respond Sat, 17 Aug 2024 08:01:16 +0000 https://nairametrics.com/?p=495976 The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.358 trillion among the Federal Government, States, and Local Government Councils (LGCs) for the month of July.  

The post FAAC: FG, States, Local Governments share N1.358 trillion in July 2024   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/17/faac-fg-states-local-governments-share-n1-358-trillion-in-july-2024/feed/ 0 495976 NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers   https://nairametrics.com/2024/08/17/nmdpra-to-suspend-license-of-marketers-petrol-stations-selling-to-illegal-peddlers/ https://nairametrics.com/2024/08/17/nmdpra-to-suspend-license-of-marketers-petrol-stations-selling-to-illegal-peddlers/#respond Sat, 17 Aug 2024 07:44:59 +0000 https://nairametrics.com/?p=495975 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a stern warning to filling stations and fuel marketers against the unlawful sale of premium motor spirit (PMS), commonly known as petrol, to illegal roadside peddlers. 

The post NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/17/nmdpra-to-suspend-license-of-marketers-petrol-stations-selling-to-illegal-peddlers/feed/ 0 495975 Nigerian PhD holders would need 85 years of savings to afford Lawmakers’ N160 Million SUVs — Peter Obi    https://nairametrics.com/2024/08/16/nigerian-phd-holders-would-need-85-years-of-savings-to-afford-lawmakers-n160-million-suvs-peter-obi/ https://nairametrics.com/2024/08/16/nigerian-phd-holders-would-need-85-years-of-savings-to-afford-lawmakers-n160-million-suvs-peter-obi/#comments Fri, 16 Aug 2024 15:17:31 +0000 https://nairametrics.com/?p=495964 Labour Party’s presidential candidate in the last general election, Peter Obi, has expressed deep concern over the exorbitant cost of governance in Nigeria, highlighting that an average PhD holder would have to save for years to afford the N160 million SUVs driven by lawmakers. 

The post Nigerian PhD holders would need 85 years of savings to afford Lawmakers’ N160 Million SUVs — Peter Obi    appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/16/nigerian-phd-holders-would-need-85-years-of-savings-to-afford-lawmakers-n160-million-suvs-peter-obi/feed/ 1 495964 Report reveals 70% of Lagos workers lack access to loans from employers https://nairametrics.com/2024/08/16/report-reveals-70-of-lagos-workers-lack-access-to-loans-from-employers/ https://nairametrics.com/2024/08/16/report-reveals-70-of-lagos-workers-lack-access-to-loans-from-employers/#respond Fri, 16 Aug 2024 12:42:33 +0000 https://nairametrics.com/?p=495952 Despite being the commercial hub of Nigeria, seven out of ten workers (70%) in Lagos are unable to access loans or credit from their employers, a new study reveals.  

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]]> https://nairametrics.com/2024/08/16/report-reveals-70-of-lagos-workers-lack-access-to-loans-from-employers/feed/ 0 495952 Average worker in Lagos earns N60,000 monthly, below new minimum wage — Report  https://nairametrics.com/2024/08/16/average-worker-in-lagos-earns-n60000-monthly-below-new-minimum-wage-report/ https://nairametrics.com/2024/08/16/average-worker-in-lagos-earns-n60000-monthly-below-new-minimum-wage-report/#respond Fri, 16 Aug 2024 10:08:53 +0000 https://nairametrics.com/?p=495939 The average worker living in Lagos earns the sum of N60,000 as monthly salary, according to a new survey covering Nigeria’s commercial hub.  

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]]> https://nairametrics.com/2024/08/16/average-worker-in-lagos-earns-n60000-monthly-below-new-minimum-wage-report/feed/ 0 495939 FG accuses Chinese firm of attempt to seize Nigeria’s presidential jets, other offshore assets in France   https://nairametrics.com/2024/08/15/fg-accuses-chinese-firm-of-attempt-to-seize-nigerias-presidential-jets-other-offshore-assets-in-france/ https://nairametrics.com/2024/08/15/fg-accuses-chinese-firm-of-attempt-to-seize-nigerias-presidential-jets-other-offshore-assets-in-france/#respond Thu, 15 Aug 2024 14:22:05 +0000 https://nairametrics.com/?p=495878 The Federal Government has raised concerns over an attempt by Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese firm, to seize Nigeria’s presidential jets and other offshore assets through a court case in Paris, France. 

The post FG accuses Chinese firm of attempt to seize Nigeria’s presidential jets, other offshore assets in France   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/fg-accuses-chinese-firm-of-attempt-to-seize-nigerias-presidential-jets-other-offshore-assets-in-france/feed/ 0 495878 Tinubu signs deal on gulf stream pipeline project with Equatorial Guinea President  https://nairametrics.com/2024/08/15/tinubu-signs-deal-on-gulf-stream-pipeline-project-with-equatorial-guinea-president/ https://nairametrics.com/2024/08/15/tinubu-signs-deal-on-gulf-stream-pipeline-project-with-equatorial-guinea-president/#respond Thu, 15 Aug 2024 11:47:32 +0000 https://nairametrics.com/?p=495858 President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed an agreement to develop a gas pipeline across the Gulf of Guinea.  

The post Tinubu signs deal on gulf stream pipeline project with Equatorial Guinea President  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/tinubu-signs-deal-on-gulf-stream-pipeline-project-with-equatorial-guinea-president/feed/ 0 495858 We are not responsible for Benin DisCo power outages – TCN   https://nairametrics.com/2024/08/15/we-are-not-responsible-for-benin-disco-power-outages-tcn/ https://nairametrics.com/2024/08/15/we-are-not-responsible-for-benin-disco-power-outages-tcn/#respond Thu, 15 Aug 2024 05:36:08 +0000 https://nairametrics.com/?p=495814 The Transmission Company of Nigeria (TCN) has refuted claims by the Benin Distribution Company (DisCo) that it is responsible for the power outages affecting certain regions within the DisCo’s service area. 

The post We are not responsible for Benin DisCo power outages – TCN   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/we-are-not-responsible-for-benin-disco-power-outages-tcn/feed/ 0 495814 Blackouts loom in Niger Delta region as Vandals destroy 13 Transmission towers in Bayelsa   https://nairametrics.com/2024/08/15/blackout-loom-in-niger-delta-region-as-vandals-destroy-13-tcn-towers-in-bayelsa/ https://nairametrics.com/2024/08/15/blackout-loom-in-niger-delta-region-as-vandals-destroy-13-tcn-towers-in-bayelsa/#respond Thu, 15 Aug 2024 05:24:12 +0000 https://nairametrics.com/?p=495812 States in the Niger Delta region, particularly Rivers and Bayelsa State, are expected to face months of electricity blackouts as vandals destroy 13 transmission towers along the Ahoada-Yenagoa 132kV Double Circuit transmission.  

The post Blackouts loom in Niger Delta region as Vandals destroy 13 Transmission towers in Bayelsa   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/15/blackout-loom-in-niger-delta-region-as-vandals-destroy-13-tcn-towers-in-bayelsa/feed/ 0 495812 US govt allocates $27 million new humanitarian aid to support Nigeria  https://nairametrics.com/2024/08/14/us-govt-allocates-27-million-new-humanitarian-aid-to-support-nigeria/ https://nairametrics.com/2024/08/14/us-govt-allocates-27-million-new-humanitarian-aid-to-support-nigeria/#respond Wed, 14 Aug 2024 10:10:40 +0000 https://nairametrics.com/?p=495769 The United States government has announced $27 million in humanitarian funding specifically allocated to support Nigeria as part of its Sub-Saharan African aid efforts. 

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]]> https://nairametrics.com/2024/08/14/us-govt-allocates-27-million-new-humanitarian-aid-to-support-nigeria/feed/ 0 495769 Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun   https://nairametrics.com/2024/08/14/nigerias-economy-growing-recorded-55-billion-non-oil-export-in-2023-wale-edun/ https://nairametrics.com/2024/08/14/nigerias-economy-growing-recorded-55-billion-non-oil-export-in-2023-wale-edun/#respond Wed, 14 Aug 2024 07:32:17 +0000 https://nairametrics.com/?p=495753 The Minister of Finance, Wale Edun, has reassured Nigerians that the economy is thriving under President Bola Tinubu’s leadership, noting that the country achieved an impressive $55 billion in non-oil exports last year. 

The post Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/14/nigerias-economy-growing-recorded-55-billion-non-oil-export-in-2023-wale-edun/feed/ 0 495753 EFCC donates N50 billion from recovered loot to NELFUND for Student Loan Scheme  https://nairametrics.com/2024/08/14/efcc-donates-n50-billion-from-recovered-loot-to-nelfund-for-student-loan-scheme/ https://nairametrics.com/2024/08/14/efcc-donates-n50-billion-from-recovered-loot-to-nelfund-for-student-loan-scheme/#respond Wed, 14 Aug 2024 04:56:33 +0000 https://nairametrics.com/?p=495737 The Economic and Financial Crimes Commission (EFCC) has released the sum of N50 billion to the Nigerian Education Loan Fund (NELFUND) from recovered assets to support the student loan scheme.  

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]]> https://nairametrics.com/2024/08/14/efcc-donates-n50-billion-from-recovered-loot-to-nelfund-for-student-loan-scheme/feed/ 0 495737 Dangote Refinery denies fixing petrol price at N600 per liter   https://nairametrics.com/2024/08/13/dangote-refinery-denies-fixing-petrol-price-at-n600-per-liter/ https://nairametrics.com/2024/08/13/dangote-refinery-denies-fixing-petrol-price-at-n600-per-liter/#respond Tue, 13 Aug 2024 21:00:04 +0000 https://nairametrics.com/?p=495734 The management of Dangote Group has firmly refuted circulating reports that it has set the pump price of petrol at N600 per liter for sale to marketers nationwide. 

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]]> https://nairametrics.com/2024/08/13/dangote-refinery-denies-fixing-petrol-price-at-n600-per-liter/feed/ 0 495734 CBN resumes regular publications on Inflation, business expectations survey, others to promote transparency   https://nairametrics.com/2024/08/13/cbn-resumes-regular-publications-on-inflation-business-expectations-survey-others-to-promote-transparency/ https://nairametrics.com/2024/08/13/cbn-resumes-regular-publications-on-inflation-business-expectations-survey-others-to-promote-transparency/#respond Tue, 13 Aug 2024 16:02:15 +0000 https://nairametrics.com/?p=495716 The Central Bank of Nigeria (CBN) has announced the reintroduction of periodic reports on key economic indicators as part of its efforts to enhance transparency in the country’s economic direction. 

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]]> https://nairametrics.com/2024/08/13/cbn-resumes-regular-publications-on-inflation-business-expectations-survey-others-to-promote-transparency/feed/ 0 495716 Tinubu to depart Abuja for Equatorial Guinea on Wednesday for Investment, Security Talks  https://nairametrics.com/2024/08/13/tinubu-to-depart-abuja-for-equatorial-guinea-on-wednesday-for-investment-security-talks/ https://nairametrics.com/2024/08/13/tinubu-to-depart-abuja-for-equatorial-guinea-on-wednesday-for-investment-security-talks/#respond Tue, 13 Aug 2024 11:11:42 +0000 https://nairametrics.com/?p=495691 President Tinubu is set to leave the presidential villa Abuja for Malabo, Equatorial Guinea, on a three-day official visit to honour the invitation of President Teodoro Obiang Nguema Mbasogo.   

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]]> https://nairametrics.com/2024/08/13/tinubu-to-depart-abuja-for-equatorial-guinea-on-wednesday-for-investment-security-talks/feed/ 0 495691 Concerns mount as NERC presses DisCos to buy power directly from Gencos  https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/ https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/#respond Tue, 13 Aug 2024 11:02:04 +0000 https://nairametrics.com/?p=495690 The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector. 

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]]> https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/feed/ 0 495690