Agriculture & Agribusiness Banking Budgeting Insurance & Pension Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Technology Transportation

Aon Partners AfDB, Amini To Support African Farmers

Aon, a global re/insurance brokerage firm, has announced its partnership with the African Development Bank (AfDB), and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature positive practices. The partnership is also expected to help in reducing supply […]

Banking Budgeting E-Payment Tech & Solutions Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Technology Telecomms

Traders Caution On NNPCL’s Proposed Crude Supply Pricing Risks

Apparently worried by the risks of the plans by the Nigerian National Petroleum Company Limited’s (NNPCL’s) to commence pricing crude supplies against dated Brent crude from next year, oil traders have opposed the proposed pricing regime, especially based on the potential negative implications for their investments in the oil industry. The state-owned company had on […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Solid Minerals Technology Telecomms

FG Seeks N35Bn To Revitalize Moribund Ajaokuta Steel Firm

…..Proposes N4.5Bn Allocation To Firm In 2024 Fiscal Year The Minister of Steel Development, Shuaibu Audu, has initiated moves to source N35 billion from financial institutions to revive the moribund Ajaokuta Steel Company. Audu, in a statement on the latest funding move by the government issued by the ministry’s Chief Information Officer, Tine-Iulun Maureen, was […]

Banking Budgeting Latest News Planning & Economic Development Political Economy Revenue Statistics Technology Telecomms

NBS, States, LGs To Collaborate On Data Production, Dissemination

The National Bureau of Statistics (NBS), has advocated the need for effective collaboration between it, states and local governments to ensure that data production and dissemination mechanisms are comprehensive and reflective of the diverse programmes and activities at federal and subnational levels. The Statistician-General of the Federation and Chief Executive Officer (CEO) of the statistics […]

Budgeting Crime & Judiciary Matters Foreign Exchange (Forex) Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Technology

FG May Revoke Unutilized Marginal Oil Field Licences

The Federal Government has hinted that it may be compelled to revoke unutilized licences granted to marginal oil field operators which have remained non-operational since issuance. The Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe told Reuters on Monday that only companies with viable technical and financial backup would get to […]

Banking Budgeting Foreign Exchange (Forex) Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Revenue Agencies Technology Transportation

NNPCL Mulls Crude Supplies Pricing Against Dated Brent Crude

The Nigerian National Petroleum Company Limited (NNPCL) has indicated its plans to start pricing crude supplies against dated Brent crude effective from 2024. Based on a news report from Bloomberg on Monday, NNPCL plans to change how it prices its crude cargoes starting in January 2024. A company circular mentioned by the news medium outlined […]

Banking Budgeting Health & Environment Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Technology

COP 28: Kyari Advocates Just Energy Transition For Africa

As discourses on finding sustainable solutions for a de-carbonized energy future continue to gain stronger momentum globally, the Group Chief Executive Officer of Nigeria National Petroleum Company Limited, (NNPCL), Mr. Mele Kyari, has canvassed the need for global leaders to support “a just, differentiate transition” for Africa to enable it harness its hydrocarbon resources for […]

Budgeting Crime & Judiciary Matters Economy News Extra Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Technology

Customs Seeks Stronger Ties With Armed Forces To Curb Smuggling

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has proposed a strategic collaboration between the revenue generation agency with the country’s armed forces to curb smuggling activities in the country. The Comptroller-General, who mulled the idea when he hosted the Chief of Defence Staff, General Christopher Musa, in what he described as a pivotal […]

Banking Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy Power/Electricity Revenue Taxation Technology Telecomms Transportation

AFC, AfDB Seal $350Mn Credit Pact For Africa’s Infrastructure Devt

The Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has announced its signing of a US$350 million long-term line of credit with the African Development Bank (AfDB) to urgently provide the needed financing for infrastructure projects to underpin sustainable development and economic growth in the continent. The agreement, which was signed […]

Banking Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Technology Telecomms Transportation

COP 28: EIB, AllianzGI Announce New Capital Commitments To EMCAF

The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) have announced new capital commitments to the Emerging Market Climate Action Fund (EMCAF). Under the funding deal, the United Kingdom Foreign, Commonwealth & Development Office (FCDO) will commit €10 million (£9 million) just as Kreditanstalt für Wiederaufbau (KfW), on behalf of Germany’s Ministry for Economic […]