Category : Search result: production costs

Nigeria Loses $15bn Yearly to Oil Theft, Threatening Reforms

Nigeria loses $15bn annually to oil theft

Experts reveal Nigeria loses $15 billion yearly to oil theft, undermining Tinubu's reforms and economic growth. Urgent action is needed to secure the nation's energy future.

US Mints Final Penny After 232 Years to Cut Production Costs

US stops penny production after 232 years

The United States has minted its last circulating penny, ending 232 years of production. Discover why this cost-saving move matters and what happens next to your coins.

NUPRC Announces 2025 Oil Licensing Round to Boost Nigeria's Production

Nigeria Sets December 1 for 2025 Oil Licensing Round

NUPRC confirms 2025 oil licensing round starting December 1, aiming to boost Nigeria's crude production and create new investment opportunities. Learn how this could transform Nigeria's energy sector.

Global Wine Production Set for Modest 2025 Recovery, Says OIV

World Wine Output to See Modest 2025 Recovery

Global wine production is projected for a modest 3% recovery in 2025, yet remains below average due to climate change and shifting consumer habits. Get the full analysis.

Oshiomhole Urges Tax Exemption for Nigerian-Made Goods Like Beer

Oshiomhole: Don't Tax Nigerian-Made Beer, Goods

Senator Adams Oshiomhole argues for removing excise duty on locally produced goods like beer to boost Nigerian manufacturing. Read his compelling reasons and public reactions.

Dangote Partners With German Firm to Build 4 Fertiliser Plants in Lagos

Dangote, German Firm Build 4 New Fertiliser Plants

Dangote Fertiliser Limited partners with Germany's thyssenkrupp to construct four new urea plants in Lagos, boosting Nigeria's fertiliser output to over 8 million tons annually and strengthening export earnings.

Cooking Gas Prices Drop by Over N900 per Kg, Marketers Promise More

Cooking Gas Prices Drop by Over N900 per Kg

Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.

Nigeria's Steel & Defence Ministries Sign MOU for Military Hardware Production

Steel & Defence Ministries Sign Military Hardware MOU

Nigeria's Ministry of Steel Development and Ministry of Defence sign landmark agreement for military hardware production at Ajaokuta Steel Company, boosting national security and local manufacturing.

FG Launches N250 Billion Food Security Fund to Tackle Rising Food Prices

FG Launches N250BN Food Security Fund

The Nigerian government unveils massive intervention fund to boost agricultural production and stabilize food markets across the nation.

Presco Plots Major Expansion with ₦23.7 Billion Rights Issue to Boost Production Capacity

Presco Plans ₦23.7 Billion Rights Issue for Expansion

Nigerian agro-industrial giant Presco Plc announces ambitious ₦23.7 billion capital raise through rights issue to fund expansion projects and enhance palm oil production capabilities across its operations.

iFitness Gym Members Furious Over Massive Price Hike - Is Your Membership Affected?

iFitness Gym Announces Major 2025 Price Hike

Nigerian gym-goers are in shock as iFitness announces significant membership fee increases starting January 2025. Discover the new pricing structure and member reactions.

Nigeria's Refineries Set for Private Takeover as Presidency and Manufacturers Reach Historic Agreement

Nigeria to Privatize Refineries in Historic Agreement

In a groundbreaking move to revitalize Nigeria's oil sector, the Federal Government and manufacturers have agreed to privatize the Port Harcourt refinery and other national refineries, promising to end fuel import dependency.

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