Category: Industry

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Oil tax revenues stands at AK 2.8 bn in first half

Oil tax revenues reached 2.8 billion kwanzas in the first half of this year, less than 2 billion kwanzas compared to the previous period in 2022.These figures are “far” from the results of the first half of 2022, a period in which oil tax revenues reac…

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Why we paid N123bn interim dividend to FAAC – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June.The News Agency of Nigeria (NAN) reports tha…

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Business registration campaign at Opuwo faring well

The Opuwo Town Council (OTC) has since last week started registering and awarding fitness certificates to all new enterprises operating within the town’s boundaries.The registration procedure is intended for all persons, corporations and organisations …

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Angola sees import substitution a business opportunity

Angolan head of State João Lourenço described the substitution of imports as “a great business opportunity” that Angola offers to private investors, as part of the ongoing process of economic diversification in the country.In his Facebook page, the Ang…

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Oil production stands at 33.6 million barrels

Angola’s oil production stood at 33.6 million barrels in June this year, compared to the previous period in May there was a decrease of 831, 200 barrels.ANGOP learnt that the daily average production was 1,120,246 barrels of oil (BOPD), exceeding the f…

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Petrol hits N617 in Abuja

The price of Petrol, known as Premium Motor Spirit (PMS) has increased from 537 to 617 naira Per litre in the Federal Capital Territory.The New Agency of Nigeria (NAN) correspondent who monitored the petrol situations in Maitama, Wuse, Gwarimpa, Jabi, …

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Namibia is open for business: Mbumba

Vice president, Nangolo Mbumba, on Thursday reiterated that Namibia is open for business and that interested investors should take up available opportunities.Mbumba made these remarks at the US-Africa business summit held in Gaborone, Botswana, under t…

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Biocom puts 60,000 tons of sugar at national market

Sixty thousand tonnes of white sugar and 11 million liters of ethanol were placed on the national market in June this year, the Angolan Bioenergy Company (BIOCOM) said on Friday.Dubbed “Kapanda Sugar”, the product has been sold throughout the country a…

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