The association alleged that over 2,000 Indian nationals were recruited by the company to take over the jobs of those sacked by Dangote. However, the Dangote refinery said only a few of its workers were fired over repeated cases of sabotage. In a statement made available to journalists, the management of the company said this […]
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025. The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing after the 302nd MPC meeting in Abuja. “The Committee decided as follows: (1) reduce the monetary policy […]
This information was disclosed by the Special Adviser to the President on Energy, Olu Verheijen, when she hosted the Managing Director and Chief Executive Officer of The Renaissance Africa Energy Company Limited, Tony Attah. “This is why we continue to work on investment-enabling reforms with a bid to achieve national targets. I congratulate Renaissance Africa […]
The exercise, led by an Inter-Agency Technical Committee, began at the Aneize oil field in Okpai, Delta State. It follows petitions from several states, including Delta, Anambra, and Imo, over the rightful ownership of oil and gas assets such as the Aneize field in OML 143, Eyine, and Ameshi fields. The committee includes representatives from […]
The report released on its website says the figure shows a significant improvement compared to 3.48 per cent recorded in the second quarter of 2024 and the 3.13 per cent recorded in Q1 2025. According to newsmen, the figures signal a strengthening economy, driven by recent rebasing, rebound in oil production and a resilient non-oil […]
According to reports across Rivers, Kaduna, and Delta States revealed that the massive investment has failed to bring the refineries back to life, raising questions about accountability and deepening concerns over Nigeria’s chronic fuel dependency. The Nigerian National Petroleum Company Limited, NNPCL, has repeatedly pledged to revamp the country’s aging refineries. The most recent round […]
The governor disclosed this when he recieved the Strategic Advisor, Fayad Fayad, and the Public Relations and Communication Officer of Mac Group, Hassan Fayad, who paid him a courtesy call in his office at Oke-Mosan, Abeokuta, where the state secured an investment pledge in the range of $1.8 billion to $2.5 billion. The governor attributed […]
The South-South Coordinator of the Nigerian Agribusiness and Agro-Industry Development Initiative, Howard Usen, made the vow while speaking at the inauguration of the South-South Youth in Agriculture, Akwa Ibom State Chapter, in Uyo. He said the inauguration marked a turning point in youth participation in agriculture across the region, adding that many associations fail to […]
The reforms were announced at the Food and Agriculture Organisation’s National and Subregional Hand-in-Hand Investment Forum held in Abuja, Vice President Kashim Shettima unveiled key components of the initiative. According to the Vice President, the new incentives are designed to expand irrigation systems, enhance access to agricultural credit, and scale up large-scale mechanisation, with the […]
According to report, the trucks have begun taking turns at the gantry to load products despite mounting criticism from industry unions and marketers. Recall the refinery revealed it would begin the direct supply of free petrol across the country on September 15, 2025, describing the move as part of its commitment to easing the burden […]