Just in: Humanitarian Affairs minister still missing as Sanwo-Olu sets up N2bn crisis fund
Lagos State Governor, Mr Babajide Sanwo-Olu Monday morning visited Abule-Ado, site of the gas cylinder explosion that rocked on Sunday morning in Amuwo-Odofin LGA. Though there had not been any news of either an official statement or site visit by…
(Special Report) Understanding Dangote’s diversification advice to Nigerian banks
Reviewing the multifaceted challenges’ facing the global crude oil prices due to the drop in crude oil demand and threatening COVID-19 worldwide, the Chairman, Dangote Group, Alhaji Aliko Dangote had on Wednesday last week urged government and other major stakeholders…
Heritage Bank, GCMX move to drive Nigeria’s agro-commercial hub
Strategic growth is underway for the nation’s agricultural sector as Heritage Bank Plc, now the lead settlement bank for Gezawa Commodity Market (GCMX) has collaborated with key stakeholders to revolutionise agricultural value-chain. Part of the key aims amongst others is…
Frequency scarcity hits Lagos, Abuja as 43 get FM Radio licenses from NBC
The National Broadcasting Commission (NBC) has disclosed that for now, “there are no available frequencies for assignment in Lagos and Abuja”. In a statement signed by the Commission, the agency said it has released list of 65 successful companies whose…
Nigeria’s Digital Economy well-conceived– Pantami
…As NCC, partners commence capacity building on ICT regulation The National Digital Economy Policy and Strategy (NDEPS) unveiled by President Muhammadu Buhari on November 28, 2019, is well-conceived, on track and built on objectives that will boost development of digital…
Transcorp Plc audited results show resilience with PAT of N3.71bn
More facts have emerged from the recently released Transnational Corporation of Nigeria Plc (Transcorp) audited financial statements for the year ended December 31, 2019. Whereas preliminary highlights of the result show the Group recorded a Turnover of ₦76.35 bn, Profit…
With less than $5 to produce a barrel of oil, price crash can’t hit S’Arabia as Nigeria
Recent sustained drop in global prices of crude oil have once again, resurrected the economics of cost of crude oil production in Nigeria and beyond. Recall that the former Minister of State, Petroleum Resources, Dr Ibe Kachukwu had assured Nigerians…
Can naira recover from round-tripping over falling oil price?
Activities at the nation’s foreign exchange market last week may continue to hold negative sway this week as Coronavirus-indicted oil price record low of $35 which further crashed dollar to N420 is still a global issue. Recall that the Nigerian…
Angola making smarter steps in oil and gas than Nigeria?
The Angola Oil & Gas (AOG) Conference & Exhibition 2020 – organized by Africa Oil & Power (AOP) and endorsed by the Ministry of Mineral Resources and Petroleum – has secured the endorsement of major international companies including Total, Baker…
How NAIDP 2013-2023 moved production from zero to thousands of cars
Looking for any of Nigeria’s long term development plan that had worked well, all eyes could be facing the 10-year Nigerian Automotive Industry Development Plan (NAIDP 2013-2023). This was observed by the Minister of Industry, Trade and Investment in collaboration…
