By Olamirewaju Olatunde The current poverty rate is defined by two means: the national poverty line and the international poverty line. The national poverty line is based on the country’s own standards of what constitutes a minimum level of consumption…
Nigeria’s debt profile has continuously put fears of risk of sliding into debt trap. Again, President Bola Tinubu has written to the Senate seeking the approval of a fresh sum of $8.7billion and £100 million approved under former President Muhammadu…
Nigeria’s oil sector grew -0.85% in Q3 This is according to the Gross Domestic Product (GDP) report recently released by the National Bureau of Statistics (NBS). The report highlights the fact that in the third quarter of 2023 (Q3/2023), the…
The Defence Headquarters says the troops of the Armed Forces of Nigeria in the last one week eliminated 99 terrorists and apprehended 198 others in different operations across the country. The Director, Defence Media Operations, Maj.-Gen. Edward Buba, said this…
NUPRC has announced a possible gas exploration and production partnership with Argentina. The announcement was made via the Commission’s official X (formerly Twitter) handle on Wednesday, November 22. In the statement, it was said that the Nigerian Upstream Petroleum Regulatory…
Minister of Information and National Orientation, Mohammed Idris has reaffirmed Nigeria’s unwavering commitment to the fundamental principles of press freedom, stressing its pivotal role in fostering a vibrant democracy and transparency in governance. Idris said this when he received the…
It is not news that the Logistics industry is a masculine dominated industry. Whether that be for blue-collar jobs being assigned to men due to the physical requirements or women not being noticed for their prowess within the industry. However,…
By Sodiq Adelakun In a decisive move, the House of Representatives of Nigeria has given its approval to the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for the years 2024 through 2026. The framework, which was passed on…
A Memoranda of Understanding (MoU) on the supply of gas from Nigeria to Germany and another $500 million worth of renewable energy projects in Nigeria is set to curb 50 million cubic feet per day of flared gas in Nigeria.…
The Nigerian economy depends significantly on the oil and gas sector. Despite persistent challenges, recent technological advancements, including robotics, advanced instrumentation, drones, and rapid progress in artificial intelligence solutions, are bringing about a transformative era for the industry. This article…
