The African Union (AU) has emphasised that addressing the issue of illicit financial outflows from the continent is crucial for expediting progress toward achieving inclusive growth and sustainable development. Patrick Olomo, Head of the Department of Economic Affairs at the AU Commission, made this assertion in Nairobi, Kenya. Olomo was addressing the 2023 African Parliamentary […]
By Abdulfatah Babatunde The Decade of Gas plan is the most comprehensive plan to restore efforts towards fully harnessing Nigeria’s vast gas resources and ensure a reliable global supply of clean energy, the Managing Director of Nigeria LNG Limited (NLNG), Dr Philip Mshelbila, has said. Mshelbila made this remarks when a delegation from the European […]
From Our Correspondent National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have signed Memorandums of Understanding (MoUs) for new projects valued at $2 billion. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, announced this in a statement on Thursday in Abuja. […]
By Abdulfatah Babatunde The Advisory Board for The Nigeria Prize for Literature, sponsored by Nigeria LNG Limited, (NLNG) has announced “Grit”, authored by the playwright, Obari Gomba, as the winner of the $100,000 prize for the 2023 cycle on Drama. Prof. Akachi Adimora-Ezeigbo, Chairperson of the Advisory Board, made the announcement at the Grand Award […]
By Our Correspondent The Managing Director of Nigeria LNG Limited (NLNG), Dr Philip Mshelbila, says Nigeria should leverage the opportunities from energy transition by increasing its investment in gas to harvest huge gains. Mshelbila gave the advise, on Monday, when the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, visited the NLNG plant on […]
By Abdulfatah Babatunde, Abeokuta A former deputy governor of the Central Bank of Nigeria (CBN), Dr Tunde Lemo, says Nigeria’s economy will continue to comatose unless the governance approach shifts away from wasteful spending. Lemo, who also is a one-time Managing Director of Wema Bank Plc, spoke as a Guest on “Boiling Point Arena”, a […]
The Secretary to the Government of the Federation (SGF), Sen. George Akume, has warned financial institutions to follow provisions of the Fiscal Responsibility Act (FRA) when lending to governments and their institutions. Akume made the call in a keynote address at a Stakeholder Dialogue, on Saturday, in Lagos. A statement by Bede Anyanwu, Head of […]
From Our Correspondent Minister of Housing and Urban Development, Mr Ahmed Dangiwa, has commended BUA Group for lowering the price of its cement to the nation’s construction subsector. In a statement, on Tuesday, Dangiwa said BUA Plc’s decision to reduce the price of cement to N3,500 per bag “is a demonstration of the company’s commitment […]
From Our Correspondent in Abuja The National Economic Council (NEC) has appealed to organised labour leaders to strengthen dialogue in their quest for better welfare of members. Gov. Caleb Mutfwang of Plateau State announced this to briefing State House Correspondents at the end of the NEC meeting in Abuja. Mutfwang said the Council also pleaded […]
From Our Correspondent The Nigeria Army says its troops in the Niger Delta area foiled crude oil theft estimated to cost about N388.5 million and arrested 22 suspected oil thieves in the process. Maj. Gen. Buba Edward, the Director of Defence Media Operations, announced this at a media briefing, on Thursday, in Abuja. Edward spoke […]