Business

Siemens backs MACN’s anticorruption action in Nigeria

Energy giant, Siemens Energy Nigeria, is providing support for the Maritime Anti-Corruption Network, MACN, through its integrity initiative, to scale up its collective action initiative in Nigeria.

MACN, a global business network of over 130 companies working together, will implement the projec [...]

Sat, 27 June 2020


Covid-19: CBN issues guidelines on research grants

The Central Bank of Nigeria, CBN, has issued guidelines on Healthcare Research and Development Grant aimed at funding research on new and improved drugs, vaccines and diagnostics of infectious diseases in the country. 

The apex bank said the Healthcare Sector Research and Development Inter [...]

Mon, 22 June 2020


Nigeria’s inflation rises to 12.40 in May

Nigeria’s inflation maintained an upward swing in May 2020 adding 0.06 per cent point to hit 12.40 per cent, year-on-year.

The National Bureau of Statistics, NBS, in its consumer price index, CPI, report which measures inflation, said the 0.06 per cent points increase was higher than the [...]

Mon, 22 June 2020


Oil partners earmark over N10.5b for medical facilities

Nigeria’s oil and gas industry has earmarked 53 per cent of its N21 billion intervention to combat covid-19 for the construction of medical infrastructure across the six geopolitical zones in the country.

Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele [...]

Mon, 22 June 2020


Trade declines by 17.94% in Q1, 2020

Nigeria’s foreign trade declined by 17.94 per cent in Quarter 1, 2020, compared to the value recorded in Quarter 4, 2019.

This was disclosed in a report by the National Bureau of Statistics, NBS, on “Foreign Trade in Goods Statistics Q1, 2020.”

The report noted that the [...]

Mon, 22 June 2020


NEITI urges NNPC to publish previous audited accounts

The Nigeria Extractive Industries Transparency Initiative, NEITI, has called on the Nigerian National Petroleum Corporation, NNPC, to further publish its previous audited accounts in open data formats for the reports to be more accessible to stakeholders.

 

NEITI, in a statement by [...]

Wed, 17 June 2020


Many Nigerians worried over financial impact of Covid-19 - NBS

 

 

 

 

The National Bureau of Statistics, NBS, says many Nigerians are concerned about the health and financial impacts of the Covid-19 pandemic.

The bureau made this disclosure in its Covid-19 imp [...]

Sun, 07 June 2020


NNPC deploys online fuel procurement solutions

The Nigerian National Corporation, NNPC, has deployed a Sales and Distribution application in the oil and gas secondary model portal to enable marketers buy petroleum products online.

Group General Manager, Information Technology Division, ITD, at NNPC, Danladi Inuwa, said online sales would mi [...]

Sun, 07 June 2020


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