The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS). Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces would henceforth dictate prices under the liberalised market. “As […]
Business
New petrol price in force
A litre of petrol will cost, as of this Friday, with the entry into force of the new rate, that is 300 kwanzas (USD 0,51) per litre, against the previous 160 Kwanzas (roughly USD 0,27). The measure, announced on Thursday by the Executive, does not cover taxi drivers and motorcycle taxi drivers, who will continue […]
Government delivers cards to exempt taxi drivers from new petrol price
The first 200 exemption cards for taxi drivers and motorcycle taxi drivers began to be delivered Friday (June 2) in Luanda by the Government. Taxi drivers and motorcycle taxi drivers are receiving personalised cards with the vehicle registration number and are non-transferable. The cards allow the holders to continue paying a liter of gasoline at […]
Total Energies shareholders approve N8.5bn dividend payout for 2022 financial year
Shareholders of TotalEnergies Marketing Nigeria Plc have approved N8.49 billion dividend payout for 2022 financial year that translated to N25 per ordinary share for shareholders. The sharholders gave the approval at the company’s 45th Annual General Meeting (AGM) held on Thursday in Lagos, while approving all resolutions. The shareholders of the company commended the Board […]
“Outlook positive”: IMF approves $56m EFF and $46m RSF for Seychelles
The executive board of the International Monetary Fund (IMF) approved on May 31 a total of $56 million for a three-year arrangement for Seychelles under the Extended Fund Facility (EFF), and $46 million in a three-year arrangement under the Resilience and Sustainability Facility (RSF), according to a press release on Thursday. The new EFF will […]