The Nigerian Federal Ministry of Power, in collaboration with the National Bureau of Statistics (NBS), Energy Commission of Nigeria (ECN), with support from the European Union (EU) and International Energy Agency (IEA), recently launched the Nigeria Residential Sector Energy Demand…
Transparency: EITI rates NNPCL high in compliance
Global transparency body, Extractive Industries Transparency Initiative, EITI, has scored the Nigerian National Petroleum Company Limited, NNPCL, very high in its latest global assessment. This was disclosed by EITI’s Deputy Executive Director, Bady Baldé, during a visit by an EITI…
NNPC Ltd Remits N4.5trn into Federation Account in nine months
Between January and November last year, the Nigerian National Petroleum Company Ltd remitted the sum of N4.5trn into the federation account for distribution to the three tiers of government. The remittance was confirmed by the Chief Finance Officer of the…
Meter Manufacturers Seek Government Intervention to Tackle Forex Crisis, Inflation and Instability in Metering Sector
The Association of Meter Manufacturers of Nigeria (AMMON) has called on the President Bola Tinubu-led government to take urgent action to address the challenges facing the metering sector, including foreign exchange fluctuations, inflation, and instability. AMMON, which represents the interests…
Nigeria-Morrocco Gas Pipeline: FG, Morocco in Talks to Expedite Project
In a bid to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco. The discussion which held on Wednesday, 24th January, 2024, on…
WEF2024: At Davos, BRI Highlights Ultra-Micro Holding’s Role in Driving Inclusive Growth
While Indonesia is poised to become a high-income country by 2041, global economic challenges have hindered its progress, resulting in stagnant economic growth, limited national credit expansion, and persistent extreme poverty rates. To tackle these challenges, Sunarso emphasized the need…
Customs Lilypond Command processed exports worth $701.8m in 2023 – Area Controller
The Lilypond Export Command of the Nigeria Customs Service (NCS) says it processed 688,097 metric tonnes of export goods with Free-On-Board (FOB) worth $701.8 million in 2023. The Area Controller of the command, Comptroller Ajibola Odusanya, said this at a…
Ministers, customs CG deliberate on phasing out physical inspection of cargo
The ministers of Marine and Blue Economy, Adegboyega Oyetola, Transportation, Sen. Ahmed Alkali and Comptroller General of Customs, Bashir Adeniyi has agreed phasing out physical inspection of cargoes at the ports. They, in a resolution in Lagos on Monday noted…
The Alternative Bank Delights Customers with Exclusive Seasonal Product
Ahead of the festive period, The Alternative Bank is offering customers an innovative financial product designed to enhance the holiday experience. This pioneering solution – AltMall, allows individuals to instantly acquire desired items and pay in manageable instalments, freeing up…
Polaris Bank increases African financial services; enrolls on PAPPS
Polaris Bank, Nigeria’s leading digital retail Bank, has enrolled in the Pan-African Payment and Settlement System (PAPSS). The cross-border financial infrastructure empowers the Bank’s existing and potential customers to execute trade and payments across Africa seamlessly. The inter-African trade payment…
