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). […]
From Our Correspondent Officials of the Gulf of Guinea rose from a ministerial conference at the weekend, where they discussed overfishing, marine pollution and related challenges among member states. TheNewsZenith gathered that these challenges constituted issues for serious concern among the Gulf’s owner countries. Ministers and other officials in charge of fishery sectors converged in […]
From Our Correspondent **** Promotes FG’s local content policy initiative Makems Jewellery, an Abuja-based jewellery-making company, has set the city agog, as it recently held its annual jewellery exhibition. TheNewsZenith reports that the exhibition showcased a wide range of trendy, fine and unique handmade, locally-made and imported jewellery products for hundreds of visitors. The jewellery […]
By abdulfatah Babatunde The Tinubu Media Support Group (TMSG) has praised the Federal Government for the new N20 billion Consumer Credit Fund initiative to boost the local automotive industry. TheNewsZenith reports that TMSG’s Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, gave this commendation in a statement on Tuesday in Abuja. The group noted that this […]