The Democratic Front (TDF) has eagerly endorsed Shell’s recent announcement of a groundbreaking five billion dollar Final Investment Decision (FID) concerning the Bonga North Deep Offshore field. The TDF views this development as a testament to Nigeria’s favorable investment climate, especially within the oil and gas sector. In a comprehensive
Nigeria and Saudi Arabia are actively strengthening their economic relationship, aiming to enhance export credit, insurance frameworks, and market access between the two nations. This initiative follows a series of productive high-level meetings in Riyadh, highlighted in a recent statement from Nigeria’s Federal Ministry of Finance. Leading the Nigerian delegation,
Public-Private Partnerships (PPPs) have the potential to significantly drive economic growth when effectively managed. However, experts emphasize that proper regulation is essential for ensuring efficiency in these arrangements. Recently, the Federal Government mandated that all PPP agreements comply with the Infrastructure Concession Regulatory Commission (ICRC) Act and its associated guidelines.
In the third quarter of the year, Nigeria encountered a 2.97% decline in net foreign exchange inflow, which decreased from $14.89 billion to $14.46 billion. This development, highlighted in the Central Bank of Nigeria’s recent economic report, presents an opportunity for stakeholders to assess the factors contributing to this change.
The Federal Ministry of Agriculture and Food Security has put forward a substantial proposal in the 2025 budget, earmarking a total of N180 billion for Federal Universities of Agriculture and various research institutes throughout the country. This allocation is part of the ministry’s broader funding of N636 billion as stipulated
The newly renovated departure section of the Murtala Muhammed International Airport, Lagos, refurbished by United Bank for Africa (UBA) Plc, was officially commissioned on Friday, December 20th, 2024.The laudable project, which marks a transformative moment in Nigeria’s aviation sector, underscores UBA’s unwavering commitment to national development and highlights the immense
Alerzo, a prominent technology service provider in Nigeria, has proudly announced the successful completion of a transformative nine-month digital initiative, undertaken in collaboration with Mastercard and the USAID-funded e-Trade Alliance. This groundbreaking program has significantly empowered over 10,000 micro, small, and medium-sized enterprises (MSMEs) across the vibrant South-West region of
The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has pledged to partner with the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) to address the challenges facing Nigerian businesses. This commitment was made during an interactive session with members of the organized private sector on
United Bank for Africa(UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businessesThe N500m cheque was presented to the Lagos State Governor, Babajide
The huge investment by Dangote Sugar Refinery in the Sugar Backward Integration Policy (BIP) of the federal government has been hailed by the National Directorate of Employment (NDE), which described its job creation potential as humongous.Director-General of NDE, Silas Agara who commended the Chairman of the Company, Aliko Dangote during