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An international business research firm, the Economist Intelligence Unit (EIU), has declared that indigenous oil companies acquiring the assets of divesting international oil companies will not be able to match their investing power. The EIU, in its latest Country Report on Nigeria, observed that the indigenous companies would not have the same financial power to […]

The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Incorporation, to guide its forthcoming Eurobond issuance. It also appointed Standard Chartered Bank and the Lagos-based financial advisory firm Chapel Hill Denham to consult on this venture. The Eurobond issue which would […]

For February, Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000 barrels per day. This is according to OPEC’s monthly oil market report (MOMR). The figure for the month was based on direct communication from Nigeria to OPEC’s authorities. However, based on secondary […]

The World Trade Organisation (WTO) says Nigeria has lost its leading position in the agriculture export markets because its agricultural commodities do not meet the sanitary and phytosanitary requirements of the foreign markets. According to WTO, despite the abundance of arable lands and increased investments, the nation has transitioned into a net importer of farm […]

The National Automotive Design and Development Council (NADDC) has announced plans to validate its National Occupational Standards for the conversion and maintenance of electric vehicles and Compressed Natural Gas vehicles. The Director-General of NADDC, Joseph Osanipin disclosed this during the validation workshop exercise for the draft of the national standards for auto gas vehicles in […]

The Federal Government has declared that it would withdraw the operating licences of power distribution companies that were intentionally not supplying electricity to consumers across the country, leading to widespread blackouts in Nigeria. It stated that despite efforts by the Federal Ministry of Power and electricity generating companies, some Discos were not distributing the power […]

Lagos State Government has signed a strategic agreement with Niger State, a sub national entity with the largest agricultural farmland in the country towards enhancing food production and security. Governors of the two States signed a Memorandum of Understanding (MoU) in Lagos on Wednesday for a cooperation geared towards exploring their comparative advantages in order […]

The Police Command in Jigawa says suspected robbers killed three persons in Birninkudu Local Government Area of the state. This is contained in a statement by the Police Public Relations (PPRO), DSP Lawan Shiisu, on Wednesday in Dutse. He said: “Yestarday (Tuesday), at about 8:00 p.m., information received from Iggi village that three gunmen were sighted on […]

President of the Senate, Godswill Akpabio, stated on Wednesday that the insecurity level in the country has reduced drastically since President Bola Tinubu took office on May 29, 2023. Akpabio made this statement while contributing to a debate on a motion regarding the recent killings in Benue State. He noted that while the latest attack was […]

The daughter of Dr Herbert Wigwe, the late Chief Executive Officer of Access Bank Plc, Tochi Wigwe, gave an emotional tribute to her father on Wednesday night. Tochi, along with several other friends and relatives, shared their condolences for the 57-year-old during the Night of Tributes at Eko Hotel, Victoria Island, Lagos. The funeral rites for […]