NEITI Urges Nigerian Government to Implement Report on Oil Theft and Vandalism. The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on President Bola Tinubu to revisit and implement the recommendations of the Presidential Investigation Panel on oil theft, vandalism, and sabotage. This appeal was made by NEITI Executive Secretary Dr. Orji Ogbonnaya Orji…
Nigeria Borrows N3.9 Trillion as Economic Crisis Deepens. Amid escalating living costs, Nigerians have increasingly turned to credit facilities, borrowing a total of N3.82 trillion from banks as of January 2024, according to the Central Bank of Nigeria (CBN). The latest monthly economic report reveals a significant rise in consumer credit, reflecting the impact of…
Gas Supply Disruption in Nigeria Triggers Power Outages in Ghana and others. Accra, Ghana – Several cities across Ghana, the Republic of Benin, and Togo are currently facing significant power outages due to a disruption in gas supply from Nigeria. The ongoing blackouts stem from maintenance work being carried out by a key gas producer…
Egbin Power and Sahara Group Foundation Donate Fully-Equipped ICU to General Hospital Ijede, Lagos In a move to improve access to critical healthcare, Egbin Power Plc and Sahara Group Foundation have joined forces to donate a brand new, five-bed Intensive Care Unit (ICU) to the General Hospital Ijede, Lagos. This initiative significantly boosts the hospital’s…
State Governors Demand Refund of $10bn Investments in National Integrated Power Projects In a recent move, state governors have called for the refund of their full equity investments in the $10 billion National Integrated Power Projects (NIPPs), managed by the Niger Delta Power Holding Company (NDPHC). This demand was made under the auspices of the…
Access Bank Completes Acquisition of BancABC Tanzania *Dar es Salaam, June 12, 2024* – Access Bank PLC has officially announced the successful acquisition of African Banking Corporation (Tanzania) Limited, known as BancABC Tanzania. This acquisition aligns with Access Bank’s strategic expansion goals and follows the initial announcement made in July 2023. This milestone is a…
Blue Economy: CGE vows to empower more women in coastal fishing, aquaculture. The Centre for Gender Equality (CGE) Africa is doubling down on its efforts to empower more women in coastal fishing and aquaculture, aiming to lift them out of poverty and create multimillionaires in these sectors. During the 2024 Gender and The Blue Economy…
MAN, FG, key stakeholders to host closed-door manufacturers’ summit. As part of efforts geared towards revitalizing the country’s manufacturing sector, the Manufacturers Association of Nigeria (MAN) has disclosed its readiness to host a closed-door Manufacturers Summit with the Federal Government, Ministries, Departments and Agencies from June 4th to 6th, 2024, at the Banquet/Conference Hall, State…
Photo caption: Managing Director, NNPC Energy Services Limited (EnServ), Sophia Mbakwe (5th from right) and Chief Executive Officer, Schlumberger (SLB), Mr. Olivier Le Peuch (4th from left) exchange documents shortly after the signing ceremony of a technical partnership agreement on bolstering upstream operations between the two companies, held at the NNPC Towers in Abuja,…
President Tinubu Requests House Approval for N24 Billion Airport Refund to Nasarawa and Kebbi States President Bola Tinubu has called on the House of Representatives to grant concurrent approval to the Federal Government for the refund of N24 billion to Nasarawa and Kebbi states. The refund is for the takeover of airports constructed by the…
