Nigeria targets investment grade as Fitch raises outlook to positive
Nigeria targets investment grade as Fitch raises outlook to positive By Onu Okorie Nigeria has set its sights on attaining an investment-grade sovereign credit rating as the Federal Government seeks to leverage improving external reserves, easing inflation and fiscal reforms to reduce the country’s cost […]
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Nigeria heads to IMF, World Bank meetings with reform-to-growth challenge
Nigeria heads to IMF, World Bank meetings with reform-to-growth challenge By Onu Okorie Nigeria will head into this week’s International Monetary Fund (IMF) and World Bank Group Annual Meetings with the challenge of shifting the focus of its economic reforms from stabilisation measures to investment, […]
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YKAF mobilises families, religious leaders against mental health stigma
YKAF mobilises families, religious leaders against mental health stigma By Onu Okorie Hundreds of women across communities in the Federal Capital Territory FCT, Abuja, have been sensitised on the need to recognise mental health challenges, support affected persons and eliminate discrimination against people living with […]
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Business feature: Solar Skills, Jobs and Nigeria’s Energy Future: Blue Camel Academy Trains More Than 420 Youths
Solar Skills, Jobs and Nigeria’s Energy Future: Blue Camel Academy Trains More Than 420 Youths By Onu Okorie The growing demand for renewable energy solutions in Nigeria is creating new opportunities for employment, entrepreneurship and technical skills development, with the private sector increasingly stepping in […]
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NNPC shifts focus from revenue growth to production as profit hits ₦7.2trn
NNPC shifts focus from revenue growth to production as profit hits ₦7.2trn By Onu Okorie Nigerian National Petroleum Company Limited (NNPC Ltd.) is banking on higher crude oil and gas production, alongside a planned $60 billion investment programme, to sustain its earnings momentum after posting […]
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PETROAN targets direct refinery supply to cut import dependence
PETROAN targets direct refinery supply to cut import dependence By Onu Okorie Petroleum Products Retail Outlets Owners Association of Nigeria PETROAN is moving to reshape Nigeria’s downstream petroleum market by developing direct supply arrangements with indigenous refineries, a strategy aimed at reducing retailers’ exposure to […]
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CBN: 33 Banks raise N4.65trn in two-year recapitalisation exercise
CBN: 33 Banks raise N4.65trn in two-year recapitalisation exercise By Onu Okorie Central Bank of Nigeria CBN has disclosed that 33 banks met the revised minimum capital requirements at the end of the two-year recapitalisation programme, raising a combined N4.65 trillion. The apex bank said […]
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Mu’azu assumes duty as 33rd Apapa Customs Area Controller, vows to sustain revenue gains
Mu’azu assumes duty as 33rd Apapa Customs Area Controller, vows to sustain revenue gains By Onu Okorie Comptroller Murtala Mu’azu has formally assumed duty as the 33rd Customs Area Controller CAC of the Apapa Area Command of the Nigeria Customs Service NCS, pledging to consolidate […]
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Nigeria can become West Africa’s oil pricing hub, says S&P Global
Nigeria can become West Africa’s oil pricing hub, says S&P Global By Our Correspondent Nigeria is positioned to emerge as a major oil and refined-products pricing hub in West Africa as the expansion of domestic refining reshapes regional petroleum markets, S&P Global Energy has said. […]
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OPINION The $700bn Question: Is Nigeria Trading Resources for Dependency? By Olamide Martins Ogunlade Nigeria’s new mineral-investment framework with the United States has been presented as an opportunity to unlock an estimated $700 billion in mineral resources and move the country beyond the export of […]
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Umahi orders contractors to halt demolition along Calabar-Abuja superhighway
Umahi orders contractors to halt demolition along Calabar-Abuja superhighway By Onu Okorie Minister of Works, Senator Dave Umahi, has directed contractors handling the Calabar-Abuja Superhighway to refrain from demolishing or touching any building along the current project alignment pending a review and possible realignment of […]
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FG commissions 581kWp solar mini-grid in Kwara, powers 13,000 residents By Onu Okorie The Federal Government has commissioned a 581-kilowatt peak (kWp) interconnected solar mini-grid in Oke-Oyi, Ilorin East Local Government Area of Kwara State, as part of efforts to expand electricity access to unserved […]
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TCN, Imcomtel inspects Katsina substation ahead of major installation
TCN, Imcomtel inspects Katsina substation ahead of major installation Transmission Company of NigeriaTCN and Imcomtel Engineering Limited have inspected the Katsina 330/132/33kV Transmission Substation ahead of the commencement of the next major installation phase of the project. The joint inspection, conducted on Thursday, September 24, […]
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