Business

Young people aged 15-34 worst hit by unemployment- NBS

Young people between the ages of 15 and 34 are worst hit by the unemployment crisis rocking the country.

A “Labor Force Statistics: Unemployment and Underemployment Report” released by the National Bureau of Statistics, NBS, last week, said the unemployment rate among young people w [...]

Sat, 20 March 2021


NNPC wants legislative framework on gas development

The Nigerian National Petroleum Corporation, NNPC, has called for a legislative framework with clear fiscal terms in order to tap the full potentials of the gas resources in the nation’s deep-water acreages.

Group Managing Director of NNPC, Mallam Mele Kyari, said investors need clarity o [...]

Mon, 15 March 2021


Confusion as FG struggles to explain fuel hike

Nigeria’s petroleum industry threw up palpable confusion across the country, Friday, as government authorities struggled to explain the sudden increase of fuel price from N172 to N212 per litre.

The decision announced by the Petroleum Products Pricing Regulatory Agency, PPPRA, sent shock [...]

Mon, 15 March 2021


Fidelity Bank reaffirms support for CBN’s new forex policy

Fidelity Bank Plc, has restated its readiness to continually support the Central Bank of Nigeria’s efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange inflows into the country. 

Chief executive Officer of the bank, [...]

Mon, 15 March 2021


Wike advocates 10% oil revenue for host communities

Rivers State Governor, Nyesom Wike, has called for the allocation of 10 per cent oil revenue to host communities in the Petroleum Industry Bill, PIB, being considered by the National Assembly.

Wike, who stated this in Port Harcourt while playing host to members of the National Assembly Committe [...]

Sat, 06 March 2021


Gas: Nigeria must provide leading role in Africa- Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has stressed the need for Nigeria to take the leading role in Africa as gas becomes the dominant fuel for generating power in the continent.

Sylva, who stated this while making remarks on the forthcoming “Decade of Gas” c [...]

Sat, 06 March 2021


2021 finance week: NIPC, states spotlight opportunities for investors

As the 2021 Nigeria Finance Week winds down in Abuja, the Nigerian Investment Promotion Commission, NIPC, has hosted a session to showcase investment opportunities across the 36 states in the country.

 

The session provided speakers from different states the opportunity to spotlight [...]

Sat, 06 March 2021


SMEDAN offers support to MSMEs on food, other products

The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, says it will support Micro, Small and Medium Enterprises, MSMEs, to create brands from standard products in food, fashion, beauty and goods sectors.

Director General of SMEDAN, Dr. Dikko Umaru Radda, who disclosed this at t [...]

Mon, 01 March 2021


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