Category: Business & Economy

The Coalition of Pro-democracy Group for a Better Nigeria has commended President Bola Tinubu for appointing Chief Pius Akinyelure as the new Chairman of Nigerian National Petroleum Company Limited (NNPCL). In a statement signed by it’s National Coordinator, Comrade Awa Bamiji and made available to Oodua News on Tuesday, the… Continue reading

…reveals Nigeria’s intent to seek election into IMO Council in 2025 .as IMO Secretary-General commends Nigeria for being futuristic Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has restated the commitment of President Bola Ahmed Tinubu’s administration to reposition the nation’s maritime sector in line with its agenda for… Continue reading

…-would eventually be floated as a separate company, initially on the Lagos Stock Exchange The owner of the Dangote Petroleum Refinery and Petrochemical Project, a subsidiary of Dangote Industries Limited, Aliko Dangote, has said that provided his Dangote Group can secure sufficient crude oil and the plant works as it… Continue reading

…Says Indigenous ship owners will be supported The Minister of Marine and Blue Economy, Adegboyega Oyetola, CON, on Tuesday said the ministry is set to embrace the Public-Private Partnership (PPP) models to transform the sector. He was quick to add that the initiative will not in anyway impede the growth… Continue reading

By Our Reporter The President, Nigerian Economic Society {NES} and expert in Petroleum Economics, Prof. Adeola Adenikinju, yesterday, raised the alarm that low investments in the nation’s energy sector portends great danger for the economy of the country in the future. The professor of Petroleum Economics at the University of… Continue reading

The mobile telecommunication corporation, MTN, has alluded to the recent debt cancellation status on its subscribers’ network as a system error. The network provider made this known in a tweet on its official handle on X (formerly Twitter) on Saturday. The firm explained that an unexpected glitch in its system… Continue reading

The Oyo State Mineral Development Agency has sealed some mining sites, operating without consent letters and community development agreement in the state. The Director General (DG) of the Agency, Mr Abiodun Oni, disclosed this while addressing shortly after the exercise in Ibadan Mr Abiodun Oni stated that the decision was… Continue reading

Nigeria’s currency, the Naira, depreciated further against the US Dollar in the foreign exchange market on Wednesday. Data from the official FMDQ market indicated that the Naira closed on Wednesday at N874.71 per US Dollar, reflecting a decrease of N65.51 from the previous day when it traded at N809.2 per… Continue reading

The Senate has confirmed the nomination of Dr Olayemi Cardoso as the Governor of the Central Bank of Nigeria, CBN. Cardoso was screened alongside four nominees for the positions of CBN Deputy Governors, to steer affairs of the apex bank in the next five years. The deputy governors include: Mrs…. Continue reading

The Minister of Solid Minerals, Mr. Dele Alake, has said that the ministry will add at least 50% to the Nigerian economy, says his ministry is poised to attract Foreign Direct Investment to the country. He stated this while addressing newsmen during a press conference on Monday at the Ministry… Continue reading