By Muhyideen Jimoh President Bola Tinubu has expressed deep displeasure over the backlog of unpaid funds owed to federal contractors across ministries and agencies. The President has therefor set up a ministerial committee to urgently address the issue and recommend immediate solutions for settling the debts. Presidenrial Spokesperson, Mr BayoContinue Reading
By Vivian Ihechu Prof. Pius Olanrewaju, President and Chairman of the Council of the Chartered Institute of Bankers of Nigeria (CIBN), says one of Africa’s most pressing economic challenges is cross-border payment settlements. According to him, this leads to Africa losing an estimated $5Continue Reading
By Grace Alegba Gov. Babajide Sanwo-Olu of Lagos State says responsible credit and strong regulatory frameworks are key to sustainable business growth and economic advancement in Nigeria. Sanwo-Olu represented by the Permanent Secretary, Debt Management Office, Mrs Alake Sanusi, said this on Thursday during the 2025 National Credit ManagersContinue Reading
By Priscilla Osaje The Presidential Enabling Business Environment Council (PEBEC) has announced a change of venue for its upcoming 2025 awards and gala night. Its Director-General, Mrs Zahrah Mustapha-Audu, said this in a statement on Wednesday in Abuja. Mustapha-Audu said the event originally scheduled to hold at the Banquet Hall,Continue Reading
By Nana Musa The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, says Nigeria is steadily advancing President Bola Tinubu’s Renewed Hope Agenda through deeper participation in regional and continental trade systems. Oduwole said this during the inaugural African Continental Free Trade Area (AfCFTA) Public–Private–Press (P3) Summit, in AbujaContinue Reading
Duty By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the proposed implementation of the 15 per cent of valorem import duty on imported Premium Motor Spirit (PMS) and Diesel is no longer in view. The NMDPRA disclosed in a statement posted on its X handleContinue Reading
Agreement By Constance Athekame The Federal Government and Quaint Energy have signed a concession agreement for the development of 6 Megawatts (MW) Ikere Gorge Hydropower Project in Oyo State. The agreement also included the 2MW Omi-Kampe Hydropower Project in Kogi. Speaking at the signing in Abuja, the Minister of Power,Continue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.), says Nigeria remains on track to grow crude oil production to two million barrels per day (bpd) by 2027 and three million bpd by 2030. Mr Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., made this known on MondayContinue Reading
By Vivian Ihechu Dr George Elombi, the new President of the African Export-Import Bank (Afreximbank), has unveiled a five-year strategy to transform Africa’s trade structure and deepen integration. He unveiled the plan during his investiture as Afreximbank’s fourth president at the Legacy Conference and Investiture in Cairo, Egypt,Continue Reading
By Vivian Ihechu Dr George Elombi, Executive Vice-President (EVP) of Afreximbank, has highlighted the blueprint behind Prof. Benedict Oramah’s decade-long success, which saw the bank’s assets multiply from a mere US$6 billion in 2015 to over US$40 billion. Speaking at a Farewell Conference in honour of departing President OramahContinue Reading
