Management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The associations are the Depot and Petroleum Products Marketers Association of Nigeria […]
Read MoreWith the impending entry of Mobile Virtual Network Operators (MVNOs), the telecommunications landscape in Nigeria, which has undergone a profound transformation in recent years is set for a game-changing transformation, a report by JSC Ingenium, an integrated business solutions provider has revealed, In 2024, Nigeria’s economic growth is expected to accelerate with the arrival of […]
Read MoreAvalanche of the hard economic climate is telling hard as more Nigerians now abandon retail shopping in supermarket, where they cannot bargain. Residents in Kano, one of Nigeria’s largest commercial city are reacting to the crisis and have abandon Retail Supermarket Nigeria Limited, operating as Shoprite Nigeria. The company, consequently have closed its Ado Bayero […]
Read MoreNigeria’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December 2023 Consumer Price Index (CPI) which was released on Monday afternoon. The CPI measures the rate of change in the prices of foods and services. Before Monday’s release, the country’s […]
Read MoreThe Chief of Defence Staff (CDS), General Christopher Musa, in company of top officials of the Nigerian National Petroleum Company (NNPC) Limited on Monday, inspected a vessel caught with about 200,000 litres of stolen crude. The vessel was arrested by a joint sting operation carried out by the Nigerian Navy and a private security firm […]
Read MoreArtificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund’s managing director, Kristalina Georgieva, said in an interview in Washington, shortly […]
Read MoreTechnology innovation centre, Co-creation Hub has announced an investment of $700,000 in tech startups based in Edo State to apply through its Innovation Challenge and Support programs. The initiative aims to accelerate the growth of technology-driven enterprises within the state. Under the investment programs, a total of 30 startups are set to receive $10,000 each, […]
Read MoreAfrican Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility […]
Read MoreDangote Petroleum Refinery has commenced production of diesel and aviation fuel. Meanwhile, an elated President of Dangote Group, Mr Aliko Dangote, has thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory […]
Read MorePresident Bola Ahmed Tinubu has suspended all administered programmes by the National Social Investment Programme Agency (NSIPA). Announcing the suspension in a statement on Friday, the Director Information, Secretary to the Government of the Federation, Segun Imohiosen, said the president’s decision was in view of the “ongoing investigation of alleged malfeasance in the management of […]
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