The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has pledged that transparency will form the bedrock of his leadership as Nigeria’s chief telecom regulator as this will enable a solid foundation in building a resilient, accountable and efficient institution. Maida made the promise during a courtesy visit to the Minister […]
Global reinsurance firm, Swiss Re, on Wednesday announced its acquisition of Fathom, Bristol, UK-based provider of water risk intelligence and flood models, under an arrangement that make the firm retain its own brand and work closely with the firm’s Reinsurance Solutions division to further develop and distribute its innovative flood and climate risk data, maps, […]
The Organization of Petroleum Exporting Countries (OPEC) has retained its oil market forecast in 2023 for 2024 amid forecasts by analysts of bright economic outlook. In its Monthly Oil Market Report (MOMR) released on Wednesday, the oil cartel maintained that for 2024, world oil demand would grow at 2.2 million barrels per day (b/pd), for […]
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday told lawmakers in the National Assembly that the projections on crude oil production and price benchmark used for the 2024 budget computation were realizable. The Group Chief Executive Officer (GCEO) of the company, Mr. Mele Kyari, gave the assurance on Wednesday during an interactive session with […]
President Bola Tinubu has replaced five Managing Directors and Directors-General of parastatals in the Ministry of Aviation and Aerospace Development. The President also suspended the Director-General of Nigeria Civil Aviation Authority, Capt. Musa Shuaibu Nuhu, to enable him face an “unfettered investigation” by the Economic and Financial Crimes Commission. The changes in the leadership positions […]
The Vice President and Chairman of the National Council on Privatisation (NCP), Sen. Kashim Shettima has inaugurated the newly re-constituted NCP with a charge to members to champion the road to the economic prosperity of the Nation. Inaugurating the Council at the State House in Abuja, Shettima advised the new members to fully embrace the […]
The African Development Bank Group (AfDB) on Tuesday announced its adoption of climate resilient debt clauses (CRDCs), thereby joining major creditors and international development banks at a COP28 session organized by the UK, Barbados and the InterAmerican Development Bank under the auspices of the Bridgetown Initiative. A news report from African Press Organisation (APO) Group […]
The World Bank has advised the Federal Government that to reap the benefits of the bold reforms and difficult but necessary economic adjustments currently being implemented by it, it is essential for it to sustain and fully implement the reforms and take complementary actions. The development finance institution in its December 2023 edition of the […]
Latest oil market analysis research findings by the Citigroup Inc, has predicted that oil prices could range between $70 to $80 per barrel in 2024. The Group, in the report, pointed out that to balance the oil market, the Organization of Petroleum Exporting Countries, OPEC+ will need to maintain its latest oil production cuts throughout […]
….Targets N298.4Bn Revenue The Bureau of Public Enterprises (BPE) on Tuesday hinted of its intention to sell remaining 40% shares of the Federal Government in electricity distribution companies (DisCos) and offer for listing other enterprises on the capital market in 2024. The Director-General of the Bureau Mr Alex Okoh, who made this disclosure this […]