Business

Ukpe Philip The strategies adopted by Nigeria’s wealthiest and most profitable company, the Nigerian National Petroleum Company Ltd (NNPCL) to ramp up crude oil production has again proven to be effective after a surprise 3.19 per cent growth in Nigeria’s Gross Domestic Product (GDP) which defied expert projections. The GDP …

Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of Statistics’ report released last Monday that Nigeria’s economy grew by 3.19% in the second quarter of 2024. The growth rate was quicker than the 2.51% growth seen in the second quarter of 2023, and the …

Rotimi Akinde, BOI executive director of corporate finance and risk management President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as executive directors of the Bank of Industry (BOI). According to a statement on Wednesday by Theodora Amechi, head of public relations division at BOI, the appointment took effect …

The House of Representatives Committee on Privatisation and Commercialisation has assured port stakeholders of the readiness of the committee to collaborate with the Minister of Marine and Blue Economy, Mr. Gboyega Oyetola, to resolve the port concession renewal. This assurance was given during the committee’s oversight visit to the terminal …

The Lagos State Government (LASG) has announced the commencement of Phase II of its ‘Ounje Eko’ Food Discount Market on September 1. The state Commissioner of Agriculture and Food Systems, Ms Abisola Olusanya, disclosed this in a news conference on Wednesday at the Alausa Secretariat. The News Agency of Nigeria …

Ghanaian businessman and Chairman of Lakeland Oil and Gas International Trading and Supply Company Limited, Henry Djaba Jnr., signed agreements for the development of two oil blocks in March with a local partner in Guyana. According to Djaba, Lakeland, with an interest in acquiring more Oil Blocks in Guyana, will …

The management of Dangote Cement, Gboko Plant has declared that its host communities are critical stakeholders in its business operations and, as such, their developmental needs are given high priority. Gboko Plant Director, Louis Raj, emphasised the company’s unwavering commitment to the infrastructural and socio-economic development of the host communities. …

By Abiodun Alade Nations are forged by patriots – individuals who rise to the occasion during pivotal moments in their country’s history. Throughout history, patriots have played crucial roles in shaping nations, advocating for citizens’ rights, crafting new laws, and driving progress. Patriotism is not just a virtue; it is …

  …As company prepares for PMS rollout …Dangote commended for hiring, nurturing Nigerian Engineers   The League of engineering bodies in Nigeria have hailed the huge scale of engineering structures at the Dangote Petroleum Refinery and Petrochemicals and Dangote Fertiliser Plant at Ibeju-Lekki, Lagos State, describing the superstructure at the …

The African Development Bank (AfDB)-supported AfriCircular Innovators Programme has selected 30 Small and Medium Enterprises (SMEs) to receive financing and technical assistance to scale up circular economy initiatives. The bank in a statement on Saturday, said that this inaugural cohort, drawn from Cote d’Ivoire, Ghana and Rwanda, participated in its …