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Nigeria’s $1.5bn Annual Spend On Diary Products Import Regrettable ― Minister

Alhaji Sabo Nanono,the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono has regretted that Nigeria spends about $1.5 billion importing dairy products annually. He expressed that despite the potentials in the

4 years ago

by Mohammed Shosanya

Nigeria Gets New Domestic Base Price For Gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has established new Domestic Base Price (DBP) framework and applicable gas wholesale price for the strategic domestic sector. The Chief Executive Officer (CEO),

3 years ago

Oil&Gas

How To Tackle Telecoms Industry Challenges-NCC Boss

The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, says continuous dialogue between the regulator and its various licensees is central to finding

3 years ago

IT&Telecoms

Nigeria’s $41.4bn External Support 9month Imports-CBN

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele,says Nigeria’s current $414bn external reserves is enough to support 9 months of imports into the country. Emefiele,who disclosed this at the

3 years ago

Banking&Finance

We Wont Condone Import-Driven Deregulation-PENGASSAN

Petroleum and Natural Gas Association of Nigeria (PENGASSAN),says the ongoing attempt by the federal government to deregulate the oil industry while the country largely depends on importation of petroleum products due to

3 years ago

Oil&Gas

NDIC Pays N11.76bn To Depositors Of Failed Banks

The Nigerian Depositors Insurance Corporation(NDIC) on Thursday declared that the corporation has paid a whooping sum of N11.76billion as insured sums to , 535,815 depositors, while N101.666 billion had been paid as

3 years ago

Insurance&Pension

‘How Delay In Ajaokuta Steel Company Revival Hurts Nigeria’s Economy’

Stakeholders in the nation’s economy has painted how the delay in the revival of the nation’s Ajaokuta Steel Company hurts its economy. They noted delay in the revival of the steel

3 years ago

News

Global Race To Net Zero By 2050 Is Accelerating – Will Africa Realise A Just Transition Or Become A Stranded Asset? PwC Africa Energy Review 2021

With an acceleration of the global net-zero journey, there is increasing focus on developing countries and their lack of affordability to meet such net-zero targets. A clear contrast is evident when considering

3 years ago

Opinion

Unemployment:CBN Gives N5m Loans To Graduates

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has launched the Tertiary Institutions Entrepreneurship Scheme designed to tackle underemployment and unemployment in the country. He also presented loans ranging

3 years ago

Banking&Finance

FG Considers Stiffer Sanctions Against Oil Spillage

The federal government has expressed displeasure over the level of environmental degradation in the Niger Delta, a development The federal government is considering that stiffer punishments for companies involved in oil spillage

3 years ago

News

Honeywell Flour To Ecobank :We Didn’t Breach Court Order On Alleged N3.5bn Debt

The boards of Flour Mills of Nigeria Plc and Honeywell Flour Mills Plc, has assured stakeholders that the agreement to acquire 71.69% of the latter from Honeywell Group Limited is not in

3 years ago

News

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