Business

22,942,003 Nigerians under-employed- NBS

A report by the National Bureau of statistics says an estimated 22,942,003 Nigerians, representing 28 per cent of the country’s economically active or working population, aged between 15-64 years are underemployed.

The Labor Force Statistics: Unemployment and Underemployment Report for Q2 [...]

Fri, 14 August 2020


Eni, partners donate 10MW power plant to NCDMB

Eni Companies in Nigeria and its partners have built a 10 megawatts power plant to power the headquarters building of Nigerian Content Development and Monitoring Board, NCDMB, and other major government and industrial facilities in Yenagoa, Bayelsa State.

The power project which was commissione [...]

Fri, 14 August 2020


Why Nigeria’s economy is edging towards recession

Nigeria’s economy is teetering on the brink of a second recession in four years, except it puts up a strong third quarter performance.

Minister of Finance, Budget and National Planning, Zainab Ahmed, fired the warning at a five-day interactive session on the 2021-2023 Medium Term Expendit [...]

Fri, 14 August 2020


Stakeholders want early delivery of AKK gas pipeline project

Stakeholders in the Nigerian economy have called for urgent completion of the 614 kilometre Ajaokuta-Kaduna-Kano, AKK, pipeline project for rapid industrial development and economic diversification.

 

Speaking during a virtual meeting hosted by Valuechain Magazine, the stakeholders [...]

Wed, 12 August 2020


NNPC to boost gas delivery to domestic market

The Nigerian National Petroleum Corporation, NNPC, has restated its commitment to work with relevant partners and stakeholders in the oil and gas sector to boost delivery of gas to the domestic market.

 

Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment in Abuj [...]

Wed, 12 August 2020


MAN wants refineries fixed to regulate fuel price

Manufacturers Association of Nigeria, MAN, has called on the Federal Government to fix the country’s refineries and regulate the fluctuating pump price of petrol.

Acting Director-General of MAN, Mr Ambrose Oruche, who stated this while addressing journalists, said the fluctuations and lac [...]

Sun, 09 August 2020


NNPC records 43% drop in pipeline vandalism in May

The Nigerian National Petroleum Corporation, NNPC, has recorded a 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020.

The corporation, in a statement by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru [...]

Sun, 09 August 2020


Nigeria needs bold economic policies to reverse decline-NIPC

As the global economy struggles under the grip of Covid-19, the Nigerian Investment Promotion Commission, NIPC, says bold economic policies are required to reverse the decline in investment in the country.

NIPC had disclosed in a statement that Nigeria’s investment announcements dropped i [...]

Sun, 09 August 2020


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