Development Trusts Funds: Host Communities decry deprivations, desecrations by oil operators

By Emmanuella Anokam The Host Communities of Nigeria Producing Oil and Gas (HostCom), have bemoaned deprivations and desecration by the activities of oil operators/settlors who short-change the communities and create divide-and-rule systems to flourish. A Settlor is any holder of an interest in an Oil Prospecting Licence, an Oil MiningContinue Reading

NAICOM reaffirms commitment to insurance sector growth through technology

By Lydia Ngwakwe The National Insurance Commission (NAICOM) has reaffirmed its commitment for an enabling environment to enhance the growth and development of the insurance industry. The Commissioner for Insurance, Mr Sunday Thomas, said this at the United Capital Securities Ltd. CEO Roundtable Breakfast Forum sponsored by the United CapitalContinue Reading

P&ID Scandal: NGO urges Nigeria, UK to blacklist companies, persons involved

By Emmanuella Anokam The Africa Network for Environment and Economic Justice (ANEEJ), has urged Nigerian and UK Governments to blacklist and place indefinite ban on companies and persons involved in the scandal that rocked the Process and Industrial Development Limited (P&ID). The Non-Governmental Organisation also called on the Attorney GeneralContinue Reading

Sanwo-Olu seeks integrated African capital market to bridge infrastructure gap

By Florence Onuegbu Gov. Babajide Sanwo-Olu of Lagos State has called for an integrated west African capital market to foster collaboration and tackle infrastructure gap. Sanwo-Olu said this at the third West Africa Capital Market Conference (WACMaC) on Wednesday in Lagos, with the theme: “Infrastructural Deficit and Sustainable Financing inContinue Reading

Housing: FG tasks agencies on synergy in achieving renewed hope agenda

By Perpetua Onuegbu The Federal Government has charged all agencies under the supervision of the Ministry of Housing and Urban Development to work in synergy to achieve the “Renewed Hope Agenda” Action Plan for housing development nationwide. The Minister of Housing and Urban Development, Mr Ahmed Dangiwa, gave the chargeContinue Reading

FG distributes fertilisers, other farm inputs to 60 farmers in Imo

By Victor Nwachukwu The Federal Government has distributed 30 bags of NPK fertilisers and 20 cartons of herbicides to 60 farmers in Imo. The Director, Department of Agricultural Extension Services, Federal Ministry of Agriculture and Food Security, Mr Brooks Michael, supervised the distribution in Owerri on Wednesday. Michael, represented byContinue Reading

Energy transition: Africa requires .64trn for renewable energy sources – Sahara Group

By Emmanuella Anokam The Sahara Group says Africa requires about 2.64 trillion dollars, roughly the size of its Gross Domestic Product (GDP), to rely on renewable energy sources for electricity generation by 2050. The company says Africa is expected to embrace more of natural gas and renewables for its energyContinue Reading

NCDMB, SON, others top PEBEC 2023 Executive Order Compliance – Report

By Lucy Ogalue The report by the Presidential Enabling Business Environment Council (PEBEC) on the compliance with the Executive Order on Transparency and Efficiency in the Nigerian Business Environment shows that the Nigerian Content Development Board (NCDMB) emerged first with 83.06 per cent. The report showed that the Standards OrganisationContinue Reading