Interswitch and Stratus: Transforming Nigeria’s oil and gas sector via digital solutions Technologies have unveiled digital solutions that would transform Nigeria’s oil and gas sector and enhance predictable improved production The Interswitch and Stratus Technologies are forging new pathways that will usher in the era of digital transformation of the Nigerian oil and gas sector…
FG may raise $17bn from oil assets sale – JP Morgan JP Morgan has stated that the Federal Government is expected to make up to $17bn if it sells down its stake in most joint-ventures oil and assets. The United States bank’s projection came against the backdrop of the government’s plan to boost foreign exchange…
Tinubu committed to empowering MSMEs, says Shettima at BRIC summit President Bola Tinubu is very passionate about empowering Micro, Small and Medium Enterprises (MSMEs) for the development of the nation’s economy, Vice President Kashim Shettima has said. The vice president said, “It is a known fact that the empowerment of the MSMEs is key to…
Nigeria lost N249bn in July as oil output drops Nigeria lost about N249bn crude oil revenue in July following a plunge in the country’s oil output by over four million barrels in the same month, latest oil production data seen on Sunday showed Data obtained from the Nigerian Upstream Petroleum Regulatory Commission indicated that while…
NIPCO targets 75% outstanding dividends’ payment in 2024 Chairman, NIPCO Plc, Chief Bestman Anekwe, has expressed confidence that by next annual general meeting, about 75 per cent of the outstanding dividends to investors would have been paid out. He also affirmed that after…
Gas key to economic reconstruction, FDI inflow, youth empowerment – Tinubu President Bola Tinubu has reiterated his administration’s commitment to leveraging on the domestic use, processing and export of Nigeria’s gas resources. According to him, it is the resource that will catalyse the fundamental restructuring of the nation’s economy for expansive growth during his…
TWF Signs MoU with Canadian Welding Body to Optimize Africa’s Manufacturing Industry The Welding Federation (TWF) and Canadian Welding Bureau Group (CWB Group) have signed a Memorandum of Understanding (MoU) aimed at optimizing Africa’s manufacturing industry through local content. The MoU, which took effect August 14, focuses on mutual recognition of personnel qualification certificates from…
CIBN canvases support for CBN on forex unification policy As part of its commitment towards the growth of the nation’s distressed economy through monetary policy formulation, the Chartered Institute of Bankers of Nigeria (CIBN) has not only declared its support for the forex unification by the Central Bank of Nigeria (CBN), but also calling on…
Nigeria’s blue economy prospects, opportunities and challenges Over the past 10 years, the phrase ‘blue economy’ has gained popularity as more people, governments and economists have come to understand the enormous possibilities that the ocean and its resources present. The concept, blue economy, can be traced to Gunter Pauli’s 2010 publication and its currency gaining…
Experts urge government to subsidize CNG vehicle conversions Some oil and gas experts have appealed to the Federal Government to subsidize the cost of converting petrol or diesel vehicles to gas for Nigerians as means of palliative measures. The experts said this would cushion the effect and encourage average Nigerians to make use of the…