The CEO of FoodCo Nigeria, Ade Sun-Basorun, has urged the Federal Government to improve its support for the modern retail sector, which he believes is important for creating jobs, controlling inflation, and boosting tax income. In a recent statement, Sun-Basorun requested for more government support, stating that new data from
The Organisation of the Petroleum Exporting Countries (OPEC) has urgently called for more investment to be put into the global upstream oil sector. They are warning that a cumulative $14.9 trillion will be needed from 2025 to 2050 to satisfy expected demand and avoid a potential energy crisis. This investment
The Senate has urged the Federal Government to reconsider its strategy regarding the power sector, pushing for an end to the indirect profit-making of private electricity distribution companies using taxpayer money. During the meeting on Thursday, Senator Yunus Abiodun Akintunde (APC – Oyo Central), who heads the Senate Committee on
Dangote Cement Plc has launched a Farmers Empowerment Programme in Benue State, aiming to assist 50 farmers in growing both food and cash crops in large amounts. A statement from the company highlighted that this initiative supports the government’s efforts to improve food security and boost business in the area.
The Minister of Foreign Affairs, Amb. Yusuf Tuggar, has reaffirmed Nigeria’s commitment to financial inclusion and global economic empowerment. Tuggar disclosed this in statement issued on Wednesday by Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the minister. The minister spoke against backdrop of ongoing Fourth International Conference on Financing
The World Bank has approved an extra credit of $65 million for Nigeria as part of the Sustainable Procurement, Environmental, and Social Standards Enhancement project. This new loan brings the total funding for the project to $145 million. According to the official records from the Washington-based organization, the approval was
The Centre has empowered 1,346 women at the Grooming Splash 2025 event. Grooming People for Better Livelihood Centre announced that it provided business support items to 1,346 of its members during the 14th edition of its annual Grooming Splash event, which took place recently in Lagos. Dr. Godwin Nwabunka, the
Paga Group, one of Africa’s payments and financial services companies, has launched Doroki, an innovative retail business management platform designed to help large, small, and medium-sized businesses improve their operations, reduce inefficiencies, and foster growth. Doroki’s merchant clients and industry professionals gathered in Lagos for the inaugural event, which included
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised the alarm over plan by Dangote Petroleum Refinery to start direct nationwide distribution of petrol and diesel. In a statement issued on Monday, PETROAN spokesperson, Mr Joseph Obele, said the move by Dangote could have consequences on the country’s
Africa is preparing for a development summit. This event will bring together people from various industries to transform the continent’s procurement sector into a more efficient driver of development. Dr. Clever Ruswa, who leads the African Public Procurement Network, will be the main speaker at the 7th Africa Procurement and