The Federal Government, on Thursday, said a total of 139 investors had shown readiness to monetise the gas flares from the 48 flare sites across the country.
It disclosed this at the 2022 Nigerian Gas Flare Commercialisation Programme Bidders Conference and Investors Forum, organised to intimate all qualified applicants, partners, sponsors and technology providers on the structure of the…
Another disruption in the aviation industry is imminent as three workers’ unions have threatened to ground operations at the Nigerian Meteorological Agency over wages over failure to implement minimum consequential adjustment wage.
The unions, which include the National…
Nigeria Solidarity Support Fund, a non-profit organisation, says it is stepping up efforts to reskill the Nigerian youths to boost job creation.
A member of the NSSF Advisory Board, Bola Adesola, said this in her opening speech during a book launch by the NGO, titled, ‘We…
Life insurance company, African Alliance, said it paid N25.7bn claims to its policyholders in three years.
The company which recently won the ‘Claims Excellence Insurance Company of the Year 2022’ award by Banks and Financial Institutions, said it consistently increased claims payment by 17 per cent year on year since 2020.
A statement by the company said t in 2020, over N7.1bn was paid out in…
The Nigerian National Petroleum Company Limited and Daewoo Engineering and Construction Nigeria Limited, on Thursday, signed a contract of $740.67m (N341.48bn as at Thursday’s official exchange rate of N461.04/$) for the rehabilitation of Kaduna Refining and Petrochemical…
The coronation said the shortage of currency could continue after the election.
February 2, 2023
Coronation Merchant Bank has predicted that foreign exchange liquidity crisis affecting the economy may linger futher.
The Chief Economist of Coronation bank, Chinwe Egwim made this known via a statement on Wednesday while speaking on the launch of its 2023 Economic Review…
Economists say limited demand for currency swaps and other central bank policies could lower inflation in January.
They note that changes in the structure of the currency and the cashless policy pursued by leading banks may not have a long-term effect in curbing inflation in the country.
Shogun Ajibola, professor of economics at Babcock University and former president of the Royal Institute of…
Heifer International’s sponsored agritech storage solution, ColdHubs, has launched its solar-powered facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki.
The agritech company made this know during the launch on…
The clearing agent has challenged shipping company Grimaldi’s plan to charge 25,000 naira for issuing a personal identification number.
Agents say that the increase in commissions of companies for the exchange of PIN-codes will have a negative impact on importers.
PIN…
Dangote Industries Limited announced that it has signed a contract with China Sinoma International Engineering to build a 6 million tonne/year cement plant in Itori, Ogun State.
According to a statement from the company, the agreement was signed by Aliko Dangote, chairman of Dangote Cement Plc, along with Devakumar Edwin, managing director of strategy, capital projects and portfolio development of…