The Central Bank of Nigeria (CBN) says N1.4 trillion will be distributed in the next three months to aid cash flow within the banking system. Olayemi Cardoso, CBN governor, spoke on Tuesday during a press conference in Abuja. Speaking on the issue of cash insufficiency in most bank’s automated teller machine (ATM), […]

Reveals he has two oil blocks, but won’t invest heavily in upstream segment •NNPC has pledged to give us 390,000 bpd in October, says Africa’s richest man •Insists selling crude in local currency will reduce pressure on Naira by 40% •Maintains imported fuel 15 to 20% more expensive than his […]

THERE are indications that the electronics call-up truck management system introduced by the Lagos State Government to prevent a repeat of Apapa port gridlock in the Lekki Port corridor may have hit a the rocks as key stakeholders disagree on implementation several years after the programme was initiated. The two key […]

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 […]