2021 economic outlook: Rewane projects gradual recovery in domestic economy, positive growth in Q3
Mr. Bismarck Rewane, Chief Executive Officer, Financial Derivatives Company Ltd, says there will be gradual recovery in domestic economy, likely increase in the Diaspora remittances and positive growth in Q3 of…
Nigeria’s 35% import duty for cars still highest within the region – Finance minister
Minister of Finance, Zainab Ahmed, has outlined some of the rationale behind the drafting of the Finance Bill 2020, especially the reason behind reducing tariffs for imported vehicles. According to…
Massive turnout as Konga Clearance Sale kicks off with huge discounts
Konga online portal and Experience stores are being besieged by shoppers in a frenzy of January shopping triggered by  Konga’s first major sales campaign for 2021 tagged January Clearance Sale….
Transcorp acquires 45% OML 17 from Shell, Total, ENI
Heirs Holdings (HH) an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest in Nigerian oil licence OML 17 from Shell Petroleum, Total and…
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 stakeholdersÂ
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…