Industry & Money
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127FG Begins Fresh Bid Rounds for Oil Blocks
The Federal Government on Monday announced the commencement of the 2024 oil bid rounds in accordance with the provisions of the Petroleum...
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341Credit to Manufacturing Sector up 39% to ₦7.73tr
In spite of numerous challenges confronted by manufacturers in Nigeria, the manufacturing sector’s borrowings from the nation’s banking sector rose by N2.17 trillion...
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124FG Plans $10b Diaspora Investment fund
The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad. Minister...
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237Forex: Telecom Operators Seek NCC Nod for Tariff Hike
Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to...
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133PZ to Exit Africa citing Sales Plunge in Nigeria
PZ Cussons Plc, yesterday, said it has commenced a strategic review of its business in Africa, with a consideration of exiting the...
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144FG Revokes 924 Mining Licences
The federal government has revoked 924 dormant licences spanning exploration, mining, small-scale mining and quarrying. The Minister of Solid Minerals Development, Dr...
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115Nigeria Eyes $10b Investment in Oil and Gas
An initiative to incentivise investors in the oil and gas segment of the nation’s economy aimed at attracting $10billion investment, was yesterday...
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494Artificial Intelligence will not Replace Site Selectors, for now
Artificial intelligence (AI) is already having an impact on corporate decision-making. Tech companies, for example, have sacked more than 50,000 people so...
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199
Oil Stabilises after Sharp Drop on Demand Concerns
Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year...
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275Federal Mortgage Bank Commences Recapitalisation Exercise
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has disclosed that the bank has commenced recapitalisation...
