The Association of Bureaux De Change Operators of Nigeria (ABCON) is working on establishing a unified retail end forex market operations to tackle volatility and boost regulatory compliance within the Bureaux De Change (BDC) sub-sector. ABCON President, Alhaji (Dr.) Aminu…
Nigeria to lose 0.94% of GDP, 3.8% of health budgets to lack of WASH facilities
WaterAid says that Nigeria will lose 0.94 per cent of its GDP each year and 3.8 per cent of its health budgets to infections caused by the lack of handwashing facilities, clean water and decent toilets. This is contained in…
Lokpobiri, Oil Minister, Accuses NCDMB’s Ex-CEO, Wabote, of $500 Million diversion to Private Enterprises and Investments
The Minister of State for Petroleum Resources, Heineken Lokpobiri has accused the Nigeria Content Development and Monitoring Board (NCDMB) of diverting $500 million of the industry’s fund into equity investments in private enterprises and investments when Engr. Simbi Wabote was…
Axxela Announces Final Investment Decision (FID) to develop a 50 MMSCF/D Gas Processing Plant
Axxela Limited, a leading gas and power portfolio company in Sub-Saharan Africa, have announced that it has taken a Final Investment Decision (FID) for the development of a gas processing plant situated in OML 56, Delta State, South-South Nigeria. This…
We ‘ll demystify cost of oil and gas production In Nigeria – Petan Chairman
Presents NNPCL GCEO With PETAN’s Excellence Award for the Frontier Basin Exploration Initiative The Petroleum Technology Association of Nigeria (PETAN), Chairman, Engr. Wole Ogunsanya has assured that the group will demystify the cost of oil and gas production in…
Forex rate affecting startup’s investment – Digital Investment Expert
Mr Ina Alogwu, Group Director, Digital Transformation, Asset & Resource Management Holding Company (ARM HoldCo) says Foreign Exchange (FX) rate is affecting startups’ from getting investment for their business. Alogwu said this in Lagos, during “The Catalyst”, a startup programme,…
18th Islamic Development Bank (IsDB) Global Forum to Explore Innovation, Entrepreneurship, and Leadership in Islamic Finance
This year’s Forum will bring together thought leaders, policymakers, financial experts, and other stakeholders in the Islamic finance industry to deliberate on innovative tools to foster sustainable development The Islamic Development Bank (IsDB) Institute is pleased to announce the…
Bavarian leader: Revoke EU ban on car CO2 emissions from 2035
Bavarian Premier Markus Söder has again called for an EU-wide ban on the emission of CO2 from cars from 2035 to be withdrawn in the runup to elections to the European Parliament in June. “The ban on combustion engines for…
Trina Storage and Pacific Green sign Letter of Intent of 1500 MWh energy storage system at WFES
At the World Future Energy Summit held in Abu Dhabi in the United Arab Emirates from April 16 to 18 the global energy storage and technology companies, Trina Storage and Pacific Green, had signed a letter of intent relating to…
Afreximbank Supports Rehabilitation of Sporting Facility in Barbados Ahead of the 2024 Cricket World Cup
The facility will go towards renovation and refurbishing works; upgrading of the Garfield Sobers Players’ Pavilion; upgrading A/V and electrical systems as well as procurement of temporary stands African Export-Import Bank announced today that it has extended a USD…