Kerosene prices rise by 57.18% in August — NBS Household kerosene prices surged by 57.18 per cent, reaching N1,272.40 per litre in August, according to the National Bureau of Statistics. The NBS’ National Household Kerosene Price Watch report noted that this sharp increase from last year’s N809.52 in August 2022[Read More…]
Blue Economy Will Offer 350 Million Jobs If Adequately Harnessed — NIMASA DG Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has said the blue economy will offer 350 million jobs to Nigerian citizens if adequately harnessed. Jamoh, who was represented by the Acting Coordinator of[Read More…]
NNPCL says no plans to hike petrol The Nigerian National Petroleum Company Limited (NNPCL) has debuted reports that it is planning to increase pump price of Premium Motor Spirit (petrol) as unfounded lies. In a statement posted on Friday on its official X handle (formerly Twitter) the management of[Read More…]
10 finalists emerge at Wema Bank’s Hackaholics Ten finalists on Monday, emerged at Wema Bank’s Hackaholics 4.0. grand finale pre-pitch competition. The finalists won over N50m cash prizes, aimed to boost innovation and technologies to create a solution-driven environment. According to the bank, “Wema Bank’s youth & start-up-focused initiative[Read More…]
UBA grooms future professionals across Africa in graduate management program Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Thursday held the maiden edition of its expanded Graduate Management Accelerated Programme(GMAP) where over 700 graduates were inducted into the UBA Tribe after a rigorous 6-month hands-on-work and learning[Read More…]
IHS Towers Meets Tinubu, Invests $200m In Green Energy Solutions IHS Towers, one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has said its operations have earned Nigeria a strong foothold in the global telecommunications market. The company made[Read More…]
FG eyes infrastructure, non- oil export to drive economy The Federal Government has recommitted on infrastructural development and growth of the non- oil sector by putting measures in place to further expand the sector for foreign exchange earnings. Vice President, Senator Kashim Shettima lamented that the government cannot rely[Read More…]
World Bank urges Nigeria, others to support local businesses for job creation Says SSA owes only two per cent of global capital stocks The World Bank has urged Nigeria and other countries in sub-Saharan Africa (SSA) to ensure cost-effective private sector reforms, uniform policy enforcement across firm sizes and[Read More…]
NCDMB seeks cost reduction at oil & gas park The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote has pushed for a virile manufacturing sector that will not only create the much-needed employment opportunities, but also have a multiplier effect on the economy. This is[Read More…]
NDIC Commences N16bn Payment To 20 Defunct Banks’ Stakeholders The announcement comes after impressive recoveries from debtors and realisation of assets of banks in liquidation, the corporation says. The Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion in liquidation dividends to depositors, creditors, and[Read More…]
