The Department of Petroleum Resources (DPR) on Monday awarded marginal oil field licences to some indigenous oil companies, including A.A. Rano, Shafa Exploration, Matrix Energy, Vhelblerg Exploration and a few others barely a year after 2020 marginal field bid round was opened. Some other winners of the licensing round include, Sigmund Oil Field, Emadeb Energy, […]
Africa’s fast-growing financial technology (fintech) startup, Chipper Cash, has raised $100million in a Series C funding round, thereby pushing the fast-growing digital financial services provider to Unicorn status in Africa Led by SVB Capital, the investment arm of U.S. high-tech commercial bank, Silicon Valley Bank, the funding round also featured existing investors, namely Deciens Capital, […]
The National Association of Nigerian Traders (NANTS) has sympathized with automobile spare parts dealers in Ogbaete Market, Enugu State and their Ladipo Market, Lagos State counterparts over huge losses they suffered following fire incidents in the two markets at the weekend. The National President of the association, Barrister Ken Ukaoha, in a statement issued on […]
The Centre for the Study of the Economies of Africa (CSEA), a leading economic research and analysis organisation, has advised federal and state governments in Nigeria to invest in and deploy appropriate technology in order to plug leakages in their tax revenue generation. The research firm, in its just published Nigeria Economic Update Issue 8, […]
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday charged the Nigerian Export-Import Bank (NEXIM) to improve exporters’ access to funds as a logical step towards fast-tracking Federal Government’s ongoing economic recovery drive. The President of the organized private sector group, Mrs. Toki Mabogunje, gave the charged at a webinar on funding opportunities for […]
The United Nations Children’s Education Fund (UNICEF) marked the Nigerian Children’s Day 2021 with a charge to goverments and other stakeholders to give optimum priority to child rights protection in the face of current threats posed by the COVID-19 pandemic to recorded successes recorded in the drive towards children’s development. The UNICEF’s Country Director, Peter […]
The Auditor-General for the Federation and Chairperson of the African Union Board of External Auditors, Mr. Adolphus Aghughu, on Thursday advocated the need for African Union Commission (AUC) authorities to promote probity and accountability in the African Union’s public finance system to aid the achievement of its mandate. Aghughu, gave the charge during the virtual […]
The Centre for the Study of the Economies of Africa (CSEA), a leading economic research and analysis organisation, has advocated the need for financial intermediaries in Nigeria to continue to play their roles in promoting private sector growth by providing appropriate and easily accessible credit facilities. In addition, the research group also charged financial sector […]
The House of Representatives on Friday expressed displeasure over the failure of the Economic and Financial Crimes Commission (EFCC) to timely dispose the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. The Chairman of the House Ad-hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from […]
The Federal Government has unveiled plans to inaugurate the ongoing Funtua Inland Dry Port project, Sokoto State, in November this year even as the French Government assured its support for the multi-billion Naira project. The Executive Secretary/CEO Nigerian Shipper’s Council (NSC), Mr. Hassan Bello, gave this hint on Thursday in Abuja during a meeting between […]