LUANDA, Jan. 1, ’25 (TNZ) Angola’s average daily oil production reached 1.134 million barrels in the first three quarters of 2024, increasing by four per cent. This compared to the same period last year, according to data from Angola’s National Petroleum, Gas and Biofuels Agency (ANPG). The rise follows Angola’s exit from the Organisation of […]
By Bolanle Ridwan The Nigerian Aviation Handling Company Plc (NAHCO Aviance) says it has signed a collaborative agreement to extend handling contracts with three international air carriers. Mr Indranil Gupta, NAHCO’s Group Managing Director, announced the deal in a statement in Lagos on Monday. TheNewsZenith reports that the international carriers are Emirates, Turkish and Virgin […]
From Our Correspondent The Independent Media and Policy Initiative (IMPI) has dismissed the criticism of the 2025 budget proposal by former Vice President Atiku Abubakar, describing it as a tirade, ungrounded in fact. Atiku, former presidential candidate of PDP had claimed that the budget estimates lacked structural reform and fiscal discipline. TheNewsZenith reports that President […]
The energy group said Italy’s Eni started a second oil and gas production phase at Ivory Coast’s offshore Baleine field on Saturday. Eni discovered the Baleine field in September 2021 and started production in August last year. The second phase was scheduled to begin by the end of 2024. Production will now reach 60,000 barrels of oil […]
By Abdulfatah Babatunde The Tinubu Media Volunteers (TMV) says President Bola Tinubu’s maiden media chat has proved that he has a grasp of the economic conditions of Nigerians. TheNewsZenith quotes the TMV as further noting that the President has workable and realistic solutions for them. The Volunteers’ Chairman, Chukwudi Enekwechi and Secretary Sunday Shadrach, said […]
By Abdulfatah Babatunde The Democratic Front (TDF), a think tank group, has praised Shell’s $5 billion final Investment Decision (FID) on the Bonga North Deep Offshore field. TheNewsZenith reports that TDF described the investment as “yet another proof of the investment-friendly mindset of President Bola Tinubu’s administration”. Mallam Danjuma Muhammad and Chief Wale Adedayo, the […]
By Abdulfatah Babatunde Two regulatory agencies have ordered Deposit Money Banks and Mobile Network Operators to settle the long-standing N250 billion USSD debt dispute before Jan. 2, 2025. TheNewsZenith reports that the agencies are the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC). The CBN and NCC also directed banks to pay […]
From Our Correspondent Policy and Legal Advocacy Centre (PLAC), an NGO, has commended the Federal Government’s efforts at harmonising the tax collection system. It said the current system is punitive and oppressive. TheNewsZenith reports that PLAC’s Executive Director, Clement Nwankwo, gave the commendation at the presentation of Nigeria’s human rights situation report on Monday in […]
From Our correspondent The National Bureau of Statistics (NBS) says Nigeria’s inflation rate rose to 34. 6 per cent in November, up by 0.8 per cent in October. TheNewsZenith reports that NBS published its latest consumer price index (CPI) data for November, on Monday. It stated that the rate represents an increase of 0.72 per […]
From Our correspondent Vice-President Kashim Shettima has arrived in Saudi Arabia ahead of a bilateral meeting with the Chairman of the Islamic Development Bank (IsDB) Group, Dr Muhammad-Sulaiman Al-Jasser, in Jeddah. TheNewsZenith gathered that both Shettima and Al-Jasser will meet on Friday to discuss co-financing arrangements for the Special Agro-Industrial Processing Zones (SAPZ Phase II). […]