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NUPENG orders tanker drivers to withdraw from Lagos

Written by on 8 August 2020

The national leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has ordered petroleum tanker drivers to withdraw their services from Lagos State with effect from August 10. The directive came on the heels of the failure of various authorities in the state to address three major issues causing problems for petroleum […]

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NUPENG, PENGASSAN mad over petrol price hike

Written by on 7 August 2020

As more marketers raised the pump price of Premium Motor Spirit (PMS) (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas (NUPENG) workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have voiced their opposition to the deregulation of the downstream petroleum sector when the country is still relying […]

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Shoprite welcomes local investors

Written by on 4 August 2020

South Africa’s supermarket retailer, Shoprite, said it is open to local investors, dismissing the rumour about its planned exit from the country. The firm, in a statement, said it does not make sense for it to leave the country after over $30billion investment. The statement read: “We have only just opened to Nigerian investors which […]

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Naira plunges to N472/$ as forex scarcity worsens

Written by on 29 July 2020

The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted. The exchange rate was N440/$ in the parallel market in June, and operators have continued to demand for the immediate unification of the multiple exchange rates in the country.

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