Business News Headlines From Nigerian Newspapers For Today, March 16, 2023

A pleasant day to you, and welcome to TOP MEDIA‘s Business News Headlines round-up for today, Thursday March 16, 2023.

Below are the latest business news from selected Nigerian newspapers.

We’ve Reduced Export Waiting Time — Customs

Customs Area Controller, CAC of Lilypond Export Command, Mohammed Babandede, has said that the creation of the Command has reduced export cargo waiting time from about two weeks to about two days now.

Disclosing this in Lagos when he played host to the newly appointed Commandant of the Nigeria Customs Traning School, NCTS, Ikeja, Haruna Hadison, Babandede said most of the obstacles faced by exporters in the past have been eliminated. Read the complete report here.

Fuel Consumption Hits 80million Litres Per Day

The consumption of Premium Motor Spirit, popularly called petrol, has risen to about 80 million litres daily, pushing up subsidy on the commodity to an estimated N484bn monthly, going by latest figures from the Nigerian National Petroleum Company Limited.

An analysis of PMS weekly evacuation/dispatch data from March 4 – 10, 2023, obtained from NNPCL on Wednesday, indicated that a total of 558.83 million litres of petrol was evacuated during the period, translating to an average daily consumption of 79.83 million litres. Read the complete report here.

“There’s No Agreement With Govs On Fuel Subsidy Palliatives” – FG Opens Up

The Federal Government, on Wednesday, said it has yet to harmonise efforts with states to set up palliative measures ahead of the June 2023 deadline for the discontinuation of petrol subsidy set up.

It, however, said concerned committees would soon conclude discussions with key stakeholders as the administration winds down. Read the complete report here.

NCC Launches New Desk At Abuja Airport

The Nigerian Communications Commission (NCC) on Wednesday launched a telecom consumer assistance, resolution and enquiries (Telcare) desk in the arrival lounge of the Nnamdi Azikiwe International Airport, Abuja.

The launching took place during the 2023 World consumer right tagged “Empowering consumers through clean energy transition” held at the NCC’s Communications and Digital Economy Complex, Abuja. Read the complete report here.

That’s the latest business news for today. Visit to stay up to date with genuine, accurate and timely business updates. Do enjoy the rest of your day.

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