The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Founder Institute (FI) has unveiled its plans to launch new 17 portfolio companies that have been trained in its Technology Incubation and Innovation Centre (TIIC) Information from the Board indicated that the launch of the companies would hold this Thursday at the Nigerian Content […]
Economic researchers at the Centre for the Study of Economies of Africa (CSEA), one of the leading economic research and consulting services firm with focus on developments in African economies, has advised the Federal Government to adopt short and long-terms measures to mitigate the impact of the recent fuel subsidy removal policy on ordinary Nigerians. […]
…….N635.3bn from solid minerals sector in 14 yrs The Nigerian Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria earns a total $741.48 billion from the oil and gas industry between 1999 and 2020. Similarly, the agency reported that the country also generated N635.3 billion from the solid minerals sector between 2006 and 2020 fiscal […]
A foremost economic analyst and Chief Executive Officer of Economic Associates, one of the leading economic consulting services firms in Nigeria, Dr. Ayo Teriba, has urged President Bola Tinubu-led administration to unbundle the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria (CBN) as a strategic step to mitigate the current whirlwinds […]
The Nigerian National Petroleum Company (NNPC) Limited and the African Export-Import Bank (Afreximbank) today signed a Commitment Letter and Termsheet for an emergency $3 billion crude oil repayment loan to ensure improved FX earnings by Nigeria from crude oil exports. The signing ceremony, which took place at Afreximbank’s headquarters in Cairo, Egypt, based on the […]
….as oil production declines 13.6% With fuel consumption rate by consumers continue to plummet by the day following adjustments of their travel schedules occasioned by the fuel subsidy regime, data on petroleum products importation indicated that Nigeria’s fuel imports fell to 106,000 barrels per day (bpd) in July 2023. The drop in volume as reflected […]
The Transmission Company of Nigeria (TCN) has handed over the site for the reconductoring of the 8- kilometre Port Harcourt Main-Port Harcourt transmission line and the 10-kilometre Alaoji-Aba 132kV double circuit transmission lines in its Port Harcourt region to a contractor for execution. The General Manager, Ndidi Mbah, in a statement at the weekend indicated […]
The global IT spending in oil and gas market size is projected to grow from USD16320 million in 2020 to USD22330 million by 2027. Latest report from ‘360 Research Reports’, a global organization that provides research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of the market, estimated […]
The Nigerian Communication Commission (NCC) on Thursday assured stakeholders in the nation’s telecom industry on its plans to ensure that very soon the industry’s operations would be powered by alternative energy sources. The Executive Vice Chairman of the NCC, Prof. Umar Danbatta, who made this disclosure during a roundtable discussion with academia, industry and other […]
The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of their efforts to drive sustainable development in the Niger Delta region. The NDDC Director, Corporate Affairs, Dr. Ibitoye Abosede, in a statement, quoted the commission’s Managing Director of the NDDC, Dr. […]