Business
N69.51bn, $5.31bn still unrecovered from oil industry operators — NEITI
By Obas Esiedesa The new Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has revealed that statutory recoverable revenues amounting to N69.51 billion and $5.31 billion
Naira4dollar scheme: Another boost for remittance inflows?
By Babajide Komolafe The price of crude oil has been on the upward trend since November 30 last year, courtesy of the production cut by OPEC+ and the recent drone
Trade Restrictions Policy Meant to Protect Local Industries, Nigeria’s Central Bank Governor Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Tuesday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable
Excitement as Zenith Bank Pays $248m Dividend
Shareholders of Zenith Bank Plc on Tuesday approved the payment of proposed N94.19 billion (about $248m) dividend for the year ended December 31, 2020. The shareholders commended the board and
Confronting the challenge of shipping development in Nigeria
The maritime industry is a goldmine. However, in Nigeria, it is a goldmine that has remained largely untapped because, to a large extent, an integral part of the industry… The
Firms highlight options for effective metering
PwC Nigeria and Momas Electricity Meters Manufacturing Company Limited (MEMMCOL) have called for an effective and comprehensive metering programme to make the power sector more transparent. The post Firms highlight
Special funding intervention key to AfCFTA implementation, says NOTN
The acting Chief Trade Negotiator and Director General, Nigerian Office for Trade Negotiations (NOTN), Victor Liman, has stated the need for a special funding intervention… The post Special funding intervention
Mixed reactions trail Port Harcourt-Maiduguri rail project
The rehabilitation of the Port Harcourt-Maiduguri railroad has continued to gain reactions; this is even as stakeholders claim the project is politically motivated. The post Mixed reactions trail Port Harcourt-Maiduguri
Right gas pricing regime to aid industrialisation, says SPDC
The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas… The post Right gas
Manufacturers to leverage $81m renewable energy fund to bridge gaps
With the country’s energy deficit estimated to range between 30GW and 175GW, even though a large percentage of the demand is from the industrial sector, local manufacturers… The post Manufacturers
