President Muhammadu Buhari says the 2.5 billion dollar Dangote Fertiliser Plant in Ibeju Lekki, Lagos, will boost Nigeria’s foreign exchange earnings and accelerate economic growth. The News Agency of Nigeria (NAN) reports that Buhari spoke on Tuesday while inaugurating the three million metric tonnes per annum urea production plant....
dangote refinery
President Muhammadu Buhari has arrived in Lagos on a working visit to commission and inspect some projects in the state. His aircraft touched down at about 10am on Tuesday at the Presidential Wing of the Murtala Muhammed Airport, Lagos. The President was welcomed to the state by Governor Babajide...
The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex...
By EZEKIEL OBI, Abuja – The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by government, policy makers and oil and gas industry to effect development. Chief Timipre Sylva, Minister of State Petroleum Resources, made this known...
International Monetary Fund (IMF) says the Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington D.C. on Monday. The organisation said Nigeria exited the recession in...
The Securities and Exchange Commission (SEC) has expressed the optimism of the capital market growth in 2022 due to its various initiatives. The Director-General of SEC, Mr Lamido Yuguda, said this in a statement released by the Commission in Abuja on Sunday. He expressed hope that as the restrictions...
Mr Osita Okechukwu, the Director-General, Voice of Nigeria (VON) has faulted claim by the opposition Peoples Democratic Party (PDP) of its plans to rescue Nigeria. He said that going by the antecedents of the PDP, it cannot be trusted to rescue Nigeria . “How can Nigerians trust our sister...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known as petrol by 2021. IPMAN’s President, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Friday in Lagos that the Petroleum Industry Act...