Minister of State, Petroleum Resources, Heineken Lokpobiri, said the Port Harcourt Refinery would resume production by December with a target of 54,000 to 60,000 barrels of refined petroleum products per day. Lokpbiri gave the assurance on Friday during a facility inspection of the refinery. He said that...
BUSINESS
The Federal Government has reiterated its commitment to end petroleum product importation soon, as efforts are being redoubled to restore the nation’s local refining capacity. The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, made this known during an inspection of the rehabilitation work at the...
The World Bank has come under criticism from Ugandan opposition leader Robert Kyagulanyi, alias Bobi Wine, for selectively championing gays rights and ignoring others. On August 8, 2023, the global lender halted new loans for Uganda’s development projects, following the country’s enactment of Anti-homosexuality Act, 2023. The move will affect...
Executive Vice-chairman (EVC), Nigerian Communications Commission (NCC), Prof. Umar Danbatta, says Nigeria is rated eleventh in terms of internet penetration and seventh in terms of mobile phone usage globally. Danbatta made the disclosure at the opening ceremony of the Emerging Technology Forum for the Telecommunications Industry on...
The Nigerian Export Promotion Council (NEPC) says the country generated 2.5 billion dollars from January to June from non-oil exports. Executive Director of the NEPC, Dr Ezra Yakusak said this at a one-day workshop for emerging exporters, on Wednesday in Owerri. Yakusak, represented by the NEPC’s State...
Business community stakeholders on Wednesday, urged entrepreneurs and exporters on the integration of e-commerce to fully exploit the Africa Continental Free Trade Area (AfCFTA) 3.4 trillion dollars market. They spoke at a masterclass workshop and exporters on-boarding in Lagos with the theme: “Operationalising the AfCFTA Agreement for Nigerian...
Financial economists are worried about the three billion dollars crude oil repayment loan secured by the Nigerian National Petroleum Corporation Ltd., to prevent the Naira from slumping further. The experts expressed their worry in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos. ...
A business mogul and Chairman of BUA Group, Abdulsamad Rabiu, has emerged winner of the 2023 Man of the year Leadership Excellence Awards. In a seven-day Leadership Excellence Awards voting by Nigerians via online platforms, monitored by the News Agency of Nigeria (NAN), Rabiu was voted ahead of three...
Vice President, Kashim Shettima says President Bola Tinubu is committed to empowering Micro, Small and Medium Enterprises (MSMEs) for the development of the nation’s economy. Director Information Office of the Vice President, Mr. Olusola Abiola, in a statement on Tuesday, said Shettima stated this in an interview with...
Google on Tuesday unveiled the “Google for Startups Accelerator: AI First”, an initiative aimed at supporting African startups looking to use Artificial Intelligence (AI) to solve local challenges. Folarin Aiyegbusi, Head, Startup Ecosystem, Africa said in a statement that this program recognises the transformative role that AI is playing across...
Ethiopian Airlines Group, the fastest-growing global airline brand and the continent’s airline, is pleased to announce that it will increase its weekly passenger flights to Seoul, Republic of Korea, to six, effective October 28, 2023. Ethiopian will also deploy the latest Airbus A350-900 aircraft on the route. The...
African inventors and entrepreneurs are seeking $49 million from investors at the just concluded Africa Social Impact Summit (ASSIS) to scale up their businesses. This is contained in a statement signed by Mrs Olapeju Ibekwe, Chief Executive Officer (CEO), Sterling One Foundation, made available to newsmen on Tuesday...
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has pleaded for cooperation of all members of staff to work harmoniously together toward advancing the ministry. According to him, the effective collaboration with the staff will enhance maximum output. “Thank you for the warm welcome. The President...
The Finance Minister and Coordinating Minister of the Economy, Wale Edun has assumed duty, promising to drive Nigeria’s economy to the next level. He said this at the welcome ceremony organised by members of staff of the ministry in Abuja on Monday. Edun said President Bola Tinubu...
The Minister of Power, Mr Adebayo Adelabu has assured that the Federal Government will empower Nigerians through stable and accessible power. The minister who gave the assurance when he assumed office on Monday in Abuja stressed that every home, industry, school, and business will benefits from the government...
Edo State Government has directed that all Ministries, Departments and Agencies (MDAs) to transit into the electronic governance (e-governance) platform of the state latest by Sept. 1. The Head of Service, Mr. Anthony Okungbowa, gave the directive on Monday in Benin while meeting with staff of the State...
The Dangote Cement Plc, Obajana Plant in Kogi, on Sunday inducted 23 youths in technical skills under the tutelage of its Transport Technical Unit. The News Agency of Nigeria (NAN) reports in Obajana on Sunday that the training programme was part of Dangote’s commitment to Corporate Social Responsibility...
An economic expert, Dr Chijioke Ekechukwu has lauded the emergency three billion dollars crude oil repayment loan secured by the National Petroleum Company Ltd. (NNPC Ltd) from Afreximbank to stabilise exchange rate. Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on Sunday in...
*Cronies, Business Associates, Governors, Lackeys, desert former CBN Governor in his time of need Yes, since he got booted from office, Emefiele has certainly learnt a lot of hard lessons: that a friend’s loyalty, like power, is transient; and that when a man is down and out, something always...
President Bola Tinubu has reiterated his administration’s commitment to leveraging on the domestic use, processing and export of Nigeria’s gas resources. According to him, it is the resource that will catalyse the fundamental restructuring of the nation’s economy for expansive growth during his tenure. Tinubu said this on Friday...