A pension expert and actuarial scientist, Dr. Pius Apere, has said that the reinstatement of the gratuity scheme under Nigeria’s Contributory Pension Scheme (CPS) must be backed by a legal …
The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya, has reiterated the agency’s commitment to improving the welfare of Nigerian pensioners under the Defined Benefit Scheme (DBS). …
- DevelopmentEconomyGOVERNMENTHealthcareSecurity
Germany Supports €20m Resilience Project for 200,000 People
The German Government, in partnership with the United Nations Children’s Fund (UNICEF) and the World Food Programme (WFP), has launched a €20 million project aimed at boosting resilience and improving …
- BusinessEconomyEnergyGOVERNMENTNigeriaOil & Gas
Nigeria’s Crude Oil Rigs Rise to 46 as NUPRC Pushes for Higher Production
The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …
- BusinessDangote IndustriesEnergyInfrastructureNigeriaSouthern AfricaTrade and Commerce
Dangote Refinery to Build Fuel Storage Tanks in Namibia for Southern Africa Supply
Nigeria’s Dangote Petroleum Refinery has concluded plans to construct major fuel storage tanks in Walvis Bay, Namibia, as part of its move to expand refined fuel supply to Southern Africa. …
- BusinessDevelopmentEconomyEventsFinance & Services
Wema Bank Launches N2m Grant for Women Entrepreneurs Ahead of SheCan 6.0 Conference
Wema Bank has announced a N2 million business grant targeted at empowering women entrepreneurs in Nigeria. The grant will be issued through its women-focused platform, SARA by Wema, in collaboration …
- BusinessEconomyEnergyFinance & ServicesOil & Gas
FCT High Court Nullifies ICC Arbitration in Aiteo’s $3bn OML 29 Oil Deal Dispute
An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …
- EconomyEnergyInfrastructureINVESTMENTOil & GasTrade and Commerce
$15bn 500,000 BPD Refinery, Free Trade Zone Set for Ondo as BINL
The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …
- EconomyInfrastructureInternational RelationsINVESTMENTTransportation & Logisitics
Deutsche Bank Leads $747m Loan for Lagos-Calabar Coastal Highway
German financial giant Deutsche Bank has led a group of international and regional lenders to provide a $747 million syndicated loan to fund the first phase of the Lagos-Calabar Coastal …
- EconomyEducationGOVERNMENTNigeriaPoliticsSecurity
Minister of Information Says Nigerian Economy is Improving
The Minister of Information and National Orientation, Mohammed Idris, has said that Nigeria’s economy is showing steady signs of improvement due to the series of reforms introduced by President Bola …