Category: Economy

Edo, Oando To Generate 175MW Wind Energy
March 21, 2024 No Responses

Edo, Oando To Generate 175MW Wind Energy

The Edo State Government’s renewable energy programme being implemented in partnership with Oando Energy will result in the construction of wind turbines across three locations in the three senatorial districts of the State.The locations, according to studies by Oando Energies,...
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CBN Clears FX Transactions Backlog
March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...
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Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki
March 20, 2024 No Responses

Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the Federal Government can tackle the current foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigeria...
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NADDC To Partner Oando Clean Energy On Vehicle Electrification 
March 19, 2024 No Responses

NADDC To Partner Oando Clean Energy On Vehicle Electrification 

The  National Automotive Design and Development Council (NADDC) and Oando Clean Energy are set to forge closer ties on Vehicle Electrification.   According to NADDC, a courtesy visit  to the Council  by Oando Clean Energy Executive Vic...
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Ministry To Grow Eastern Port Vessel Traffic  
March 19, 2024 No Responses

Ministry To Grow Eastern Port Vessel Traffic  

The ministry of Marine and Blue Economy, on Tuesday, said it’s poised to provide the facilitation and advocacy required to grow the vessel traffic to the Eastern port.  Speaking at the commissioning of 4.8km road and Marine craft at Onne...
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Dangote Lauds Lagos Govt On Consumer Rights Advocacy
March 18, 2024 No Responses

Dangote Lauds Lagos Govt On Consumer Rights Advocacy

The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote has commended the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that ...
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Nigeria’s Inflation Hits 31.70%
March 16, 2024 No Responses

Nigeria’s Inflation Hits 31.70%

The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS).  The Bureau released the figure on Friday, with the latest data showing a rise from the 29.90...
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Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals
March 16, 2024 No Responses

Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals

UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-trac...
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NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments
March 13, 2024 No Responses

NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR).According to Dr. Mshelb...
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FG Tasks Oil Palm Stakeholders On Expansion Agenda
March 12, 2024 No Responses

FG Tasks Oil Palm Stakeholders On Expansion Agenda

By Moses Ebosele, ebosele@hotmail.com The Federal Ministry Of Industry Trade & Investment has challenged Oil Palm Stakeholders to take advantage of technology and innovations as part of measures to optimise yields, reduce waste and boost growth in the...
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Strategies For Inclusion Of Female Entrepreneurs In Nigeria, By Experts 
March 11, 2024 No Responses

Strategies For Inclusion Of Female Entrepreneurs In Nigeria, By Experts 

To foster inclusion for female entrepreneurs in Nigeria, various experts have identified the need for a concentrated effort on the dissemination of accurate information, more access to finance, creating a pool for women with like businesses, breaking down of c...
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Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly
March 9, 2024 No Responses

Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly

The Edo State Governor, Mr. Godwin Obaseki, on Friday, flagged off the “Feed the Hungry” initiative, committing over N1 billion monthly to feed poor and vulnerable residents of the State amid the hardship and suffering occasioned by the dire econ...
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SIFAX Group Appoints Basil Agboarumi Executive Director
March 7, 2024 No Responses

SIFAX Group Appoints Basil Agboarumi Executive Director

SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Int...
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Heirs Energies Expands Gas Supplier To Geometric Power Plant
March 7, 2024 No Responses

Heirs Energies Expands Gas Supplier To Geometric Power Plant

Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...
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