Nigeria’s investment drops by over $10 billion in H1 2020

Nigerian Investment Promotion Commission, NIPC, says only US$5.06 billion of investment announcements were tracked for the first half of 2020, representing 67 per cent less than the US$15.15 billion recorded in the first half of 2019.


The Commission, in statement made available to [...]

Sun, 26 July 2020

NIPC strike: Union reaches agreement with FG

Nigeria Investment Promotion Commission, NIPC, and its aggrieved staff union have reached an agreement to resolve the industrial impasse that crippled activities at the council headquarters in Abuja for an entire week.


NIPC management, in statement, said two agreements were signed [...]

Sun, 26 July 2020

Project 100 contributes N50bn to Nigeria’s GDP, 16, 500 jobs

Indigenous oil and gas service companies under Project 100 are currently contributing over N50 billion to Nigeria's Gross Domestic Product, GDP, and creating over 1,500 direct and 15,000 indirect job the nation’s unemployed.
The companies said they are determined to do their bit [...]

Sun, 26 July 2020

CBN disburses N246.5b to manufacturing, health sectors Stories by Godfrey AKON

The Central Bank of Nigeria, CBN, says it has disbursed over N152.9 billion to the manufacturing sector to finance 61 manufacturing projects and another N93.6 billion to the healthcare sector to bolster the fight against Covid-19.


CBN said in a communiqué issued after its 2 [...]

Sun, 26 July 2020

Ministry urges SMEs, farmers to tap into $6bn moringa market

The Federal Ministry of Health has called on farmers and Small and Medium Enterprises (SMEs) to tap into the business potentials that abound in the nation’s moringa products market.

The ministry said the moringa market has the capacity of generating about $6 billion for the country annual [...]

Fri, 10 July 2020

New PPMC board tasked on energy sufficiency

The newly-reconstituted Board of the Petroleum Products Marketing Company, PPMC, has been charged to ensure availability of products across the country at all seasons.

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, gave the charge on Thursday wh [...]

Fri, 10 July 2020

NIPC decries staff strike, says N500m spent on welfare

The Nigeria Investment Promotion Council, NIPC, has expressed great concern over the industrial action embarked upon by its Staff Union, over welfare matters.

The management of the council, in a statement, described the industrial action as unexpected in view of its commitment to staff welfare [...]

Fri, 10 July 2020

7 dead as explosion rocks OML 40 at Gbetiokun

Seven fatalities have been reported by the Nigerian National Petroleum Corporation, NNPC, following an explosion which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company, NPDC, on behalf of the NPDC/Elcrest Joint Venture.

The incident occurred on Tuesday durin [...]

Fri, 10 July 2020


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27 January 2021

PhotoNNPC bags transparency awards




The Nigerian National Petroleum Corporation, NNPC, has been awarded most [...]

27 January 2021