Nigeria’s Dec inflation closed on a 15.75% high, highest in 3 years – NBS
The inflation rate in Nigeria closed 2020 on a high hitting 15.75 percent in December, its highest level in three years. This is according to statistics released on Friday by…
PIB: We need find, agree on cheaper means of producing oil – Osinbajo oil and gas stakeholders
Stakeholders in the oil industry need to find and agree on cheaper means of producing oil while also ensuring a more competitive environment that meets the needs and purposes of…
NNPC diversifying portfolio beyond oil assets through domestic gas utilisation projects – Kyari
The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mr Mele Kyari, Group Managing Director,…
World’s richest man has no holiday home or yacht; South Africans celebrate
South Africans are celebrating tech entrepreneur, Elon Musk, who has overtaken Amazon’s Jeff Bezos as the world’s richest person. South Africa has been upbeat since last week when he was…
2021: As Emefiele focuses on economic recovery
Mr. Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, has his job cut out in 2021. With an economy steeped in recession courtesy of covid-19 pandemic and the…
Akwa Ibom ‘Christmas Village’ rakes in N1bn in five weeks
Mr Orman Esin, the Akwa Ibom Commissioner for Culture and Tourism, has said the ‘Christmas Village’ generated more than N1 billion to the state economy since Dec. 1, 2020, working…
Nigeria’s tech space would become most viable in Africa – Microsoft
Just as global technology giants including Google Inc., HUAWEI, and top social networking company, Facebook, another international tech heavyweight, Microsoft Corporation, has disclosed plans to partner with the Federal Government…
Lagos pegs 2021 Budget at N1.164trn; expected earnings at N971.028bn
The Lagos State Year 2021 Appropriation Budget named ” Budget of Rekindled Hope” has been pegged at N1.164 trillion. Mr Sam Egube, the Commissioner for Economic Planning and Budget, Lagos…
LASG announces registration for Creative Lagos training programme
The Lagos State Ministry of Tourism, Arts and Culture has announced the commencement of registration for the Creative Lagos initiative, a training programme for creative practitioners. The ministry made the…
Global Economy to Expand by 4% in 2021; Vaccine Deployment, Investment Key to Sustaining Recovery – WBG
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. Development risks however remain as economic activity, incomes likely…