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Dangote Refinery expansion to create 95,000 jobs

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Nigeria’s manufactured exports drop despite global trade surge —

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Economy Uncategorized

Nigeria ranks 13th on GII’s most innovative economies

Nigeria fell behind the likes of Rwanda, Mauritius and Madagascar on the list of most innovative economies in Sub-Saharan Africa, according to the 2022 Global Innovation Index. BusinessDay reported that the index ranked Nigeria, Africa’s largest economy, 13th on the list just as the country ranked 114th in the World Intellectual Property Organization’s annual index. […]

Kogi sues Dangote over Obajana ownership
Business News

Obajana: FG reopens plant, Kogi, Dangote continue talks

The Federal Government has reopened the Dangote Cement Plant located in Obajana, Kogi State after it was shut down by the state government. The plant was closed over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company. According to The PUNCH, the plant was reopened after an order by […]

Group backs sale of NNPC
Oil and Gas

Group backs sale of NNPC

The Nigerian Forum for Good Governance has shown support towards the sale of the Nigerian National Petroleum Corporation because of its poor performance, especially, in recent years. This comes after bold statements made by the 14th Emir of Kano, Alh. Sanusi Lamido Sanusi and the Governor of Kaduna State, Nasir El-Rufai, on scrapping and sale […]

Oil theft: More illegal pipelines uncovered in Delta
Oil and Gas Uncategorized

Oil theft: More illegal pipelines uncovered in Delta

Tantita Security Services Nigeria Limited, an oil pipeline surveillance team hired by the Federal Government to combat crude oil theft, is said to have discovered more illegal crude oil pipelines connected to the Trans Forcados Export Trunkline. The Punch reported that the newest discoveries by the firm led by High Chief Government Ekpemupolo, also known […]

Ekiti airport welcomes first aircraft
Ports and Airports Uncategorized

Ekiti airport welcomes first aircraft

The new Cargo Airport in Ado-Ekiti, Ekiti State capital received its first aircraft,  aNAF 930 plane, on Saturday amidst fanfare. Vanguard reported that the airport was officially inaugurated on Saturday by the Aviation Minister, Haidi Sirika The Ekiti State governor, Dr. Kayode Fayemi, and his wife were on the ground to welcome the multipurpose commercial […]

VIDEO: Sanusi credits Lagos' economic growth to continuity
News

Why FG should disband NNPC – Sanusi

A former Governor of the Central Bank of Nigeria and deposed Emir of Kano, Lamido Sanusi, on Saturday gave reasons why the Federal Government should disband the Nigerian National Petroleum Company Limited. According to The PUNCH, Sanusi, who spoke at the 7th edition of the Kaduna Investment Summit (KADinvest 7.0) organised by the Kaduna Investment […]

FG, firm to build $1.5bn fertiliser complex
Business News

FG, firm to build $1.5bn fertiliser complex

A global provider of phosphate and its derivatives, OCP Africa and the Federal Government are set to build a $1.5bn fertilizer complex in Akwa Ibom State. According to The PUNCH, the firm in partnership with FG will establish a multi-billion dollar fertilizer complex in Nigeria to deepen the use of standard fertilizers by Nigerian farmers. […]

Kogi sues Dangote over Obajana ownership
Business News

NSC orders Kogi govt to reopen Obajana plant

Kogi State Government has been ordered to reopen the Obajana cement plant that was shut by its State Assembly last week. According to The Punch, the National Security Council gave the order at the security meeting held in Abuja on Friday. The council propose a legal route to quell all disputes between the warring factions […]

Why Nigeria must save oil revenues - IMF
Economy

Why Nigeria must save oil revenues – IMF

The International Monetary Fund has urged the Nigerian government to save up on oil revenues as fears of a global food shock rise. The IMF made this know on Wednesday, at the 2022 IMF/World Bank meetings held in Washington DC, United States. This is coming after recent revenue challenges in the country despite the boom […]

How Kaduna spent N181.6bn 2022 budget nine months - Report
Oil and Gas

Why FG should privatise oil, gas sector – El-Rufai

Kaduna State Governor, Nasir El-Rufai, said the federal government has failed in the oil and gas and should hands-off the sector for revitalisation. El-Rufai decried the government’s failure in the oil and gas sector when he appeared on Channels Television’s Sunrise Daily on Thursday when speaking on the seventh edition of KadInvest According to El-Rufai, […]

World Bank punishes Nigerian firms, individuals for corruption
News

World Bank punishes Nigerian firms, individuals for corruption

Seven Nigerian firms and individuals have been penalized by the World Bank over corruption during its 2022 fiscal year. According to The PUNCH, this information was disclosed in the Sanctions System Annual Report for the bank’s most recent Fiscal Year 2022, which ran from July 1, 2021, to June 30, 2022. The penalty list included […]

MTN has been given the approval to take over the Enugu-Onitsha Expressway construction under the road Infrastructure Tax Credit Scheme of around ₦202.8 billion.
News

FEC okays MTN’s ₦202bn Enugu-Onitsha road takeover

MTN has been given the approval to take over the Enugu-Onitsha Expressway construction under the road Infrastructure Tax Credit Scheme of around ₦202.8 billion. According to The Punch, The Federal Executive Council, on Wednesday made the announcement through the Minister of Works and Housing, Babatunde Fashola. Fashola disclosed this to State House correspondents shortly after […]

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