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Energy

UN agency, CNG partner on greener energy

The Presidential Compressed Natural Gas Initiative is collaborating with the United Nations Sustainable Energy for All to provide greener and more sustainable energy in Nigeria. According to The Punch, this was revealed in a statement made on Friday in Lagos by the PCNGI’s chief executive and program director, Michael Oluwagbemi. The workshop, according to the program director, […]

WEOG urges govt to allow more investors into oil sector
Oil and Gas

WEOG urges govt to allow more investors into oil sector

The women in Energy, Oil and Gas, Delta State Chapter, has called on the federal government to allow more investors to get into the country’s oil and gas industry. According to The Punch, the government was urged to stop flaring Nigeria’s gas reserves and transform them into useable energy that could be utilized to power objects as […]

Economy

GDP experiences slow growth, climbs 2.54% in Q3 – NBS

The National Bureau of Statistics has stated that Nigeria’s GDP grew slightly in real terms during the third quarter of 2023, or 2.54% year over year. However, the country’s GDP remained muted. According to The Punch, this growth rate is higher than both the 2.25 percent growth in Q2 2022 and the 2.51 percent increase in Q2 […]

Lagos leads as traffic violators pay N2.1bn fine
News

Lagos leads as traffic violators pay N2.1bn fine

Nine months’ worth of fines levied on traffic violators totaled N2.1 billion, which was distributed to no fewer than twelve state governments. The Punch reported that the data came from an examination of their budget performance reports for the third quarter, which were retrieved from Open Nigerian States, a website supported by budgIT that acts as […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Oil and Gas

Nigeria’s efforts to curb gas flaring stalled since 2015 – Report

The intensity of gas flaring in Nigeria has not changed since 2015 according to the International Energy Agency. The Times reported that the International Energy Agency said in its Oil and Gas Industry in Net Zero Transitions report, which was published on November 23, that while Nigeria has made significant efforts to lower the intensity of its flaring, […]

Loan apps: FCCPC to address rising debt with new policy
Business

How poor customer satisfaction affects insurance industry – FCCPC

The Federal Competition and Consumer Protection Commission, has stated that there are detrimental effects from the insurance industry’s low customer satisfaction rates. The Punch revealed that the Executive Vice Chairman of the FCCPC, Tunde Irukera, made this announcement on Thursday in Lagos at the Insurance and Pension Editors of Nigeria Roundtable. The theme of the event was, “Consumer […]

FBNH, GTCO join NGX banking index
Business

Investors interest in Penny stock leads to N27bn gain

The Nigerian Exchange Limited’s low- and medium-cap equities with solid fundamentals attracted investors’ attention on Thursday, leading to a favourable trading pattern that increased the market capitalization by N27 billion. The Punch reported that due to losses in a few high-cap equities, including MTN Nigeria, Lafarge Africa, and other banking stocks, the equity market saw a […]

Urban Exchange names Oliver Nwagbo crypto ambassador
Business

Urban Exchange names Oliver Nwagbo crypto ambassador

A cryptocurrency company, Urban Exchange, has named comedian Oliver Nwagbo, also referred to as Pankeeroy, as its official ambassador. According to The Punch, Urban Exchange said in a statement on Thursday that the action demonstrates its dedication to promoting cryptocurrency and gift card trade in the quickly developing realm of digital assets. The company’s chief executive officer, […]

Former GTB director appointed Jaiz Bank MD
Banking

Former GTB director appointed Jaiz Bank MD

A former Executive Director of Guaranty Trust Bank, Haruna Musa, has been named Managing Director/Chief Executive Officer of Jaiz Bank Plc. The Punch revealed that his appointment was announced in a corporate notice filed with the Nigerian Exchange Limited. The notification stated that Musa’s appointment will go into effect on Tuesday after the Central Bank of Nigeria’s permission […]

Oil and Gas

How Nigeria-Dubai non-oil trade hit $2.1bn in 2022 – Report

The President of the Dubai Chamber, Mohammed Lootah, has stated that the bilateral commerce between Nigeria and Dubai in non-oil products reached a value of $2.1 billion in 2022. The Punch reported that he said this at the New Horizons Trade Mission in Nigeria, which took place in Lagos on Thursday. Held in collaboration with the Lagos […]

Gombe approves 2024 MTEF ahead of schedule
Business

Gombe approves 2024 MTEF ahead of schedule

The Gombe State Executive Council presided over by Governor Muhammadu Yahaya, has approved the 2024 Medium Term Expenditure Framework for presentation to the House of Assembly. According to The Punch, the state Commissioner for Budget and Economic Planning, Salihu Alkali, revealed this to journalists on Wednesday evening, saying Gombe SEC adopted the memo, adding that “it was hinged […]

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