admin

President Bola Tinubu on Wednesday approved a 50 per cent slash in price of interstate transport fare for Nigerians traveling during the yuletide from Thursday, December 21, 2023 to January 4, 2024. This is as the President approved free rides for commuters on all train services within the period. The Minister of Solid Minerals Development, […]

NNPC Ltd, TotalEnergies Sign MoU on Adoption of Methane Detection Technology The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with TotalEnergies for adoption and deployment of Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in its upstream operations. The agreement is a direct benefit from the Company’s participation at […]

Top 4 Global Market Risks for 2024 Investors are facing a myriad of uncertainties that pose substantial risks to the stability and performance of global markets – but as ever where there are risks there are also significant opportunities. Here, Nigel Green, the CEO and founder of deVere Group, one of the world’s largest independent […]

GCR Suspends Zedcrest Capital Limited’s Rating GCR Ratings (GCR) has suspended the national scale long-term and short-term Issuer ratings of BBB-(NG) and A3 (NG) respectively accorded to Zedcrest Capital Limited, without review. The company said in its latest rating note this is because it has not received the full set of information required and therefore, […]

BUA Signs Deal to Build 700tons Mini LNG Project BUA Group, one of Africa’s largest foods, mining, manufacturing, and industrial conglomerates, has signed an agreement with CIMC ENRIC, a global leader in the energy equipment industry, in partnership with Axxela, to establish a 700-ton-per-day mini LNG project in Nigeria. In a statement, the company said […]

Sani Presents Draft Budget of N458.27bn for 2024 to State Assembly Gov. Uba Sani of Kaduna State on Monday presented a draft budget of N458.271billion to the Sttate House of Assembly for 2024, promising, “it will benefit everyone.” The governor, who addressed newsmen shortly after the budget presentation said it was tagged,  “Budget of Rural […]

Ogun Women Affairs Ministry Defends Over N1bn 2024 Budget, Solicits Support to Combat GBV The Ogun Commissioner for Women Affairs and Social Development, Mrs Adijat Adeleye, on Monday, defended the over N1billion appropriated for the ministry in the state’s 2024 fiscal budget. Adeleye appeared before the Committee on Finance and Appropriatio led by Mr Musefiu […]

NEITI Lauds Chevron, Seplat Voluntary Willingness to Support EITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded Chevron Nigeria Limited’s voluntary willingness to sign on as a supporting company of the Extractive Industries Transparency Initiative (EITI). Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, while speaking with newsmen on Monday in Abuja said the Seplat […]

NNPCL Board: I’ll Not Tolerate Non-Performance – Tinubu President Bola Tinubu has urged the Board of the Nigerian National Petroleum Company Limited (NNPCL) to immediately get to work, warning that non-performance would not be tolerated. Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in a statement, said Tinubu said this while […]

Senate Seeks Independent Budgetary Provision for NiDCOM The Senate has called for an independent budgetary provision for the Nigerians in Diaspora Commission (NiDCOM) by separating its budget from the Federal Ministry of Foreign Affairs. Chairman, Senate Committee on Diaspora and Non Governmental Organisations, Victor Umeh made the call on Monday in Abuja, while presenting budget […]

NASS Committee Frowns at Petroleum Ministry’s 2024 Budget The Joint National Assembly Committee on Petroleum Resources (Upstream, Downstream, Gas) has decried the 2024 budget of the Ministry of Petroleum, saying it for lacks the capacity to meet Nigerians expectations. Sen. Agom Jarigbe, the Chairman of the committee, said this at a budget defence a session […]

*Demands Immediate Action From FG, CBN On Cash Scarcity The Nigeria Labour Congress (NLC) on Tuesday asked the Federal Government and the Central Bank of Nigeria (CBN) to find immediate solutions to the current scarcity of naira being experienced by Nigerians. The NLC said the CBN and Federal Government’s disregard for warnings meant they were […]