Dangote’s 650,000 barrels-per-day (bpd) oil refinery project, has been identified as one of the oil distillation companies that would boost global refining capacity by 6.9 million barrels per day between 2021 and 2026. The Organisation of the Petroleum Exporting Countries…
The International Monetary Fund has said that the global boom of cryptocurrencies poses new problems for financial stability. The IMF said this in a blogpost on Friday. According to the body, the crypto ecosystem allows for quick and easy payments,…
The Lagos Chamber of Commerce and Industry has said the growing decline in the non-oil sector productivity of the Nigeria economy makes it vulnerable to global shocks and weak in economic inclusion. In a message to celebrate the nation’s 61st…
The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the country’s digital currency, e-Naira. The Spokesman of the CBN, Mr Osita Nwanisobi, announced this in a statement on Thursday titled ‘CBN defers eNaira launch…
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown. From April to June 2021, Nigeria spent N322.7bn on domestic debt servicing, while $299m (N122.7bn)…
The Ministry of Industry, Trade and Investment has declared that Federal Government’s diversification agenda was achieving positive results with recent growth in National Gross Domestic Product (GDP) driven by the non-oil sectors. Minister of Industry, Trade and Investment, Otunba Adeniyi…
By Ogaga Ariemu In efforts to consolidate its consumers enlightenment initiatives, the Nigerian Communications Commission (NCC), has unveiled Telecom Campus Conversation Forum in University of Abuja(UniAbuja) on Thursday. According to NCC the new initiative is aimed at creating awareness for…
Ahead of the country’s 61st independence anniversary, capital market shareholders have called for an enhanced investment environment to boost investor confidence. They spoke on Thursday in Lagos, while reviewing the performance of the Nigerian capital market over the years. Chairman,…
The Minister of State, Finance, Budget and National Planning, Prince Clement Agba, has reinstated the Federal Government’s commitment to synergise and explore all options within the government and civil society to surmount any challenges. He disclosed this on Thursday in…
By Seun Ibiyemi Commuters heading to their various places of work on Lagos Island using the Lagos Bus Rapid Transit (BRT), were on Thursday stranded over scarcity of buses caused by shortage of fuel to run them. The scarcity which…
