Crude oil refiners and other players in the downstream sector have stated that the dollar charges on locally refined Premium Motor Spirit (PMS), popularly called petrol, coupled with the cost of importing crude are major reasons for the high cost of the product when compared to imported PMS. Data obtained from the Major Energies Marketers Association of Nigeria on Tuesday …

The Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has urged terminal operators to increase investments in Nigerian ports to enhance efficiency. He also assured operators of the agency’s full support. Dantsoho made this call on Wednesday during an operational tour of the Lagos Ports Complex in Apapa and the Tin Can Island Port Complex. He stressed …

The Federal Government has commenced the recruitment of 819 young Nigerians to be trained as tractor operators and mechanics, aiming to boost mechanised farming and strengthen food security across the country. This initiative was disclosed by the Permanent Secretary of the Federal Ministry of Agriculture and Food Security, Temitope Fashedemi, at a two-day workshop in Abuja focused on drafting the …

Operators in the built environment sector have noted that the increasing costs of building materials are hampering the industry’s development. Speaking during a recent media parley in Lagos, the Chairman of Agboyi-Ketu Local Council Development Area of Lagos, Dele Oshinowo, stated that the rising construction costs in Nigeria stem from various factors, including fluctuating prices of construction materials, infrastructure deficits, …