The Enugu State Government has announced plans for a landmark trade fair that will accelerate growth for local businesses as part of its ongoing efforts to strengthen micro, small, and medium-sized enterprises (MSMEs). Announcing the initiative at a press conference in Enugu, the Special Adviser to the Governor on MSMEs […]

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an […]

The Nigerian government must deploy its economic and political institutions not only as governance tools but as mechanisms to liberate the vulnerable from economic hardship. These institutions must protect property rights while acting as a check on the ruling elite. Nigeria models its democracy after that of the United States, […]

PRESS RELEASE NNPC Ltd Moves to Revive Brass, OK LNG Projects In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd. has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd.’s […]

The average price of a 12.5kg Liquefied Petroleum Gas (cooking gas) in the South-south geopolitical zone reached N16,524 in August according to data from the National Bureau of Statistics (NBS). The NBS Liquefied Petroleum Gas (LPG) watch for August reveals that the average price of 12.5kg cooking gas in the […]

Sub-Saharan African developers earned an estimated $700 million from the Android app economy in 2023, with the Android developer ecosystem supporting over 150,000 jobs across the region. This was revealed in Google’s report titled, ‘The Digital Opportunity of Sub-Saharan Africa,’ released on Friday. According to the tech giant, Sub-Saharan Africa […]

Access Holdings posted a pre-tax profit of N348.9 billion for the half-year ending June 30, 2024, as banks continue to enjoy bumper profits from Nigeria’s high interest rates. The group’s pre-tax profit during the half-year marks a 108 per cent year-on-year growth from the N167.6 billion posted in H1 2023. […]

The Central Bank of Nigeria’s monetary policy committee will meet on Monday and Tuesday in a highly anticipated deliberation that could hold benchmark interest rates steady for the first time after four consecutive hikes while the Debt Management Office auctions N150 billion in FGN bonds. “But even as food inflation […]

The Committee on Consequential Adjustments in Salaries for civil servants has agreed that the new minimum wage will be implemented from July 29, 2024. This was stated in a Memorandum of Understanding issued at the end of the committee’s meeting, which was seen by our correspondent in Abuja on Friday. The […]