By Our Correspondent The average price of some staple foods in Nigeria rose by 134.81 per cent on a year-on-year basis in February, according to the National Bureau of Statistics (NBS)’ latest report. TheNewsZenith quotes from the reports that the Bureau indexed 44 food items for February 2024. Some of them are rice, beans, beef […]
From Our Correspondent The Debt Management Office (DMO) says Nigeria’s public debt has climbed to a staggering N97.341 trillion ($108.229 billion) as of Dec. 31, 2023. The DMO announced this in a statement, on Friday, March 22, 2024, in Abuja. The debts comprised domestic and external debt stocks of the Federal and state governments. There […]
From Our Correspondent The National Economic Council (NEC) has approved $617.7 million for the implementation of investment in Digital and Creative Enterprises (i-DICE) programme across the federation. TheNewsZenith reports that the approval was part of the resolutions reached at the 140th meeting of the Council held virtually on Thursday, in Abuja. Vice-President Kashim Shettima chaired […]
From Our Correspondent The Managing Director of Nigeria LNG Limited (NLNG), Dr Philip Mshelbila has expressed optimism on the workability of the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu would unlock gas investment opportunities. Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development quoted Mshelbila as making the […]
From Our Correspondent President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between both nations in diverse areas of bilateral interests. Chief Ajuri Ngelale, Special Adviser to the President (Media & Publicity) announced signing of the […]
By Abdulfatah Babatunde The Nigeria LNG Limited (NLNG) says it has grown Nigeria’s domestic market with a combined supply of 1.39 million metric tons of Liquified Petroleum Gas (LPG) in the last three years from 2021. Mr Andy Odeh, General Manager, External Relations and Sustainable Development of NLNG gave this indication in a statement emailed […]
From Our Correspondent Nigeria LNG Limited (NLNG) says there is a real demand for clean energy such as gas in Africa to trigger a massive take-off for industrialisation, with a growing young population, abundant natural resources, and emerging internal markets. Dr Philip Mshelbila, NLNG’s Managing Director, made these remarks at the ongoing 7th Nigeria International […]
From Our Correspondent The Nigeria LNG Limited (NLNG) has called on Nigerian energy industry players to draw insights from NLNG’s ongoing integration of digital technologies to improve operational efficiency and reduce emissions. NLNG’s Deputy Managing Director, Mr Olakunle Osobu, made the call during a panel discussion at the seventh Nigeria International Energy Summit, on Tuesday […]
By David Adeoye Economic experts have acknowledged that Small and Micro Enterprises (SMEs) are a major sector contributing significantly to the nation’s economy. Consequently, they play a pivotal role in poverty reduction. In Oyo State, SMEs form the backbone of the state’s economic activities and contribute to achieving sustainable development goals aimed at mitigating economic […]
The Central Bank of Nigeria, on Wednesday, announced limits on how much banks can hold in foreign currencies and expressed concern about the growing forex exposures on their balance sheets after the local currency tumbled against the U.S. dollar. Nigeria’s currency fell to a record low on the official market on Tuesday, slipping below the unofficial […]