MIDOil to build 100,000bpd modular refinery in Lagos
MIDOil Refining and Petrochemicals Company Limited has concluded plans to commence the construction of a 100,000 barrels per day modular refinery at Sekungba/Ejinrin, Ikosi/Ejinrin Local...
Excess cash in circulation may worsen inflation – MPC members
Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the...
Private firm withheld FG’s N32bn metre fund for 20 years -Adelabu
The Minister of Power, Adebayo Adelabu, has explained how a private company reportedly held on to N32bn paid into its account in 2003 for the...
Electricity subsidy removal calls intensify amid rising industry debts
There are concerns among Nigerians that further increases in electricity tariffs could worsen their economic situation, although the government and operators have consistently called for...
Waste management firm posts N348m profit after 2022 loss
Waste management firm, The Initiatives Plc, has reversed the loss it recorded in 2022 and posted N348.23m in 2023. The firm lost N53.70m in 2023....
NICA urges credit managers to maintain professionalism
The National Institute of Credit Administration has charged credit management professionals across industries in the economy to strictly observe the ethics and duty of care...
Bi-Courtney seeks FG, airlines partnership on regional flights
Bi-Courtney Aviation Services Limited, operators of the Terminal Two of the Murtala Muhammed Airport, Lagos, has called for a strategic partnership between the Federal Government...
Creative industry can reverse economic downturn – Ecobank MD
The Managing Director of Ecobank Nigeria, Bolaji Lawal, has said that the creative industry can turnaround the fortunes of the Nigerian economy if harnessed. Lawal...
Sam Olu Alo’s Humanitarian Efforts Alleviate Hardship in Some Communities Amid Economic Turmoil
Amidst the economic challenges facing Nigeria, Prophet Sam Olu Alo, founder of Christ Apostolic Church (CAC) Adamimogo Grace of Mercy Prayer Mountain Worldwide, urges Nigerians...
FBN Holdings appoints ex-Standard Chartered CEO, others directors
FBN Holdings has appointed the former Chief Executive Officer of Europe, Middle East, Africa and Americas of Standard Chartered Plc, Viswanathan Shankar, and former banker,...