Economy

“Nigeria Must Reduce Food Imports to Stabilize Prices,” Says AfDB President Adesina

Mfon Ekanem - July 15, 2024

Akinwumi Adesina, President of the African Development Bank (AfDB), voiced his concerns regarding Nigeria's recent decision to lift the suspension on food imports, calling it inadequate for stabilizing prices. He expressed these views during a retreat organized by the...

Economy

Petrol Distribution from Dangote Refinery Set to Begin Next Month

Emeka Udeh - July 15, 2024

Petrol will roll out from Dangote Refinery next month, Dangote Group and Chief Executive Officer, Dangote Petroleum Refinery, Alhaji Aliko Dangote said yesterday. This significant development is a major milestone for the Dangote Group and the Nigerian oil industry. According...

Economy

Aliko Dangote: NNPC No Longer Holds 20% Stake in Dangote Refinery

Mfon Ekanem - July 15, 2024

Alhaji Aliko Dangote, the President of Dangote Group, has announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20% stake in Dangote Refinery. He shared this update during a press briefing at the refinery on...

Economy

Gas Flaring: The Future of Respiratory Health in Nigeria’s Oil-Producing Communities

A Effanga - July 10, 2024

Nigeria, renowned for its abundant oil reserves, faces a pressing environmental and public health crisis: gas flaring. This practice, where natural gas associated with oil extraction is burned off rather than captured and utilized, has severe implications for the...

Economy

President Tinubu Launches Presidential Economic Coordinating Committee

Abbah Umar - July 7, 2024

President Bola Tinubu has inaugurated a Presidential Economic Coordinating Committee, tasked with the mission to revitalize the Nigerian economy in the shortest feasible period. The committee comprises notable figures from the private sector, including Dangote Group Chairman Aliko Dangote,...

Economy

“Umahi Convenes Meeting with North-Central Governors to Secure Support for 477Km Cross River-Abuja Highway Project”

Abbah Umar - July 7, 2024

Engineer David Umahi, the Minister of Works, convened with Governors and stakeholders from Nasarawa, Benue, and Kogi States in the North Central region on Saturday. The purpose of the meeting was to garner support for the proposed 477-kilometer Cross...

Economy

Ogoni Community Plagued by Fresh Oil Spill, Residents Desperate for Aid

Emeka Udeh - July 5, 2024

A recent devastating oil spill has severely impacted farmlands and rivers in the Bodo community of Rivers State, leaving residents stunned and distressed. The incident occurred on Thursday, July 4th, following a rupture in a pipeline operated by Shell...

Economy

Dangote Fuel: Marketers Worry About Expensive Petrol Prices as Supply Approaches

Emeka Udeh - July 3, 2024

As Premium Motor Spirit, also known as petrol, from the Dangote Petrochemical Refinery hits the local market in two to three weeks, petroleum marketers have expressed fears that the product’s price may be higher than expected. This concern arises...

Economy

Lawmakers to NAFDAC, SON: Track Down and Prosecute Fake Product Promoters

Emeka Udeh - July 3, 2024

The House of Representatives on Tuesday tasked the authorities of the National Agency for Food and Drug Administration and Control (NAFDAC) and the Standards Organisation of Nigeria (SON) with the responsibility of identifying and prosecuting individuals involved in the...

Economy

NNPC Announces State of Emergency on Crude Oil Production

Mfon Ekanem - July 3, 2024

In a strategic move to boost Nigeria’s crude oil production and expand its reserves, the Nigeria National Petroleum Company Limited (NNPC Ltd) has declared a state of emergency in the nation’s oil and gas industry. This announcement was made...

1...345...7 Page 4 of 7

- Advertisement -