African, Inter-American development banks on $20 bln IMF reserve asset donor drive
June 14, 2024 The heads of the African and Inter-American Development banks are touring North America, the Middle East, Korea and Brazil in a bid to secure $20 billion of…
Lagos has recorded 50% GDP growth under my watch — Sanwo-Olu
June 14, 2024 … Attends AfriCaribbean business forum, makes case for sub-national inclusion Economic prosperity recorded by Lagos State over the last two decades has shown the strength and potential…
World Bank approves Nigeria’s $2.25 billion loan request
June 14, 2024 The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor,…
Seplat says NNPC Ltd has withdrawn challenge to $1.3 bln Exxon deal
June 14, 2024 Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil’s Nigerian shallow water oil assets, it said on Friday after being notified that…
Nigeria’s Crude Oil Production Drops To 1.25mbpd In May — OPEC
June 13, 2024 Nigeria’s crude oil production declined to 1.25 million barrels per day in May 2024, representing 2.34 per cent fall from 1.28 million bpd recorded in April, according…
Tinubu Commends Tolaram Group for having faith in Nigeria’s economy
President Bola Ahmed Tinubu has commended the Indonesian business conglomerate, the Tolaram Group, for believing in Nigeria and having absolute faith in her economy. Tolaram, which partnered Nigeria to build…
AI Marketing: The Future of Competitive Advantage in Africa, by Reuben Kalu
Artificial Intelligence (AI) is revolutionizing industries globally, and marketing is no exception. For organizations in Africa, adopting AI marketing strategies presents a significant opportunity to enhance competitiveness, drive growth, and…
Dangote Refinery Shifts Petrol Supply To Mid-July
June 11, 2024 Dangote Petroleum Refinery and Petrochemicals in Lagos State has moved the supply date for Premium Motor Spirit (PMS) popularly known as petrol from June to mid-July. Channels…
NNPC Ltd. to float LNG project with Golar LNG, eyes FID this year
In furtherance of its commitment to monetize Nigeria’s vast natural gas resources, the NNPC Limited has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of…
Nigeria spends $2.2bn on debt servicing in five months – CBN
June 11, 2024 The Central Bank of Nigeria (CBN) has revealed that the federal government spent about $2.2 billion on debt servicing in the first five months of this year….