The Nigerian Senate has declared that the Nigerian National Petroleum Company Limited (NNPCL) is yet to account for a staggering N210 trillion flagged in the audit report of federal ministries, …
EconomyFinance & ServicesNigeriaOil & GasPolitics
Category:
Economy
- AgricultureDevelopmentEconomyEnvironmentNigeria
BATN Foundation Launches Maize Micro-Enterprise Project to Empower Farmers in Ekiti
The British American Tobacco Nigeria Foundation (BATNF) has launched a new agricultural development initiative, the Sustainable Development of Maize Micro-Enterprise Farmers Project, aimed at empowering over 100 smallholder maize farmers …
- BusinessEconomyLabourNigeriaTechnologyTransportation & Logisitics
inDrive Introduces 0.1% Peak-Hour Commission in Abuja
Global ride-hailing company, inDrive, has introduced a new initiative in Abuja that reduces its commission to just 0.1% for drivers during peak hours. The move, announced by the company on …
- EconomyInfrastructureTechnologyTrade and CommerceTransportation & Logisitics
Lekki Deep Seaport Targets 500,000 TEUs in 2025 Amid Transhipment Growth and Economic Recovery
The $1.5 billion Lekki Deep Seaport is looking to more than double its cargo handling operations by the end of 2025, aiming for 500,000 Twenty-foot Equivalent Units (TEUs) after processing …
- EconomyEnvironmentInternational RelationsPoliticsSecurity
Oyetola Launches Global Campaign in London for Nigeria’s IMO Council Seat
Nigeria has stepped up its efforts to secure a seat on the International Maritime Organization (IMO) Council as the Minister of Marine and Blue Economy, Adegboyega Oyetola, launched a high-level …
- AfricaBanking, Finance & InvestmentEconomyMarketsTechnology
UBA Pushes Pan-African Banking Goals as Executives Meet in Lagos for Half-Year Review
The United Bank for Africa (UBA) Group has restated its commitment to expanding its pan-African presence as it continues to grow beyond Nigerian borders. This came during the Group’s Half-Year …
- 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 …
- 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 …