Business
The World Bank, in a new report titled “The State of Social Safety Nets in Nigeria”, obtained on Tuesday, noted that the tiny allocation, which is a combined effect of all existing social protection programmes in the country, the bank warned, has reduced the national poverty headcount by just 0.4 percentage points. The country’s budgetary […]
The Chief Operating Officer, Seplat Energy, Samson Ezugworie, said this whilst giving a keynote at the Opening Ceremony of the 43rd Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition held in Lagos. The Seplat Energy COO, who spoke on the conference theme: ‘Revitalizing the Nigerian Petroleum Exploration and Production: Strategies for Energy […]
The Federal Government has unveiled new agricultural reforms aimed at ending hunger, boosting food production, and reducing post-harvest losses estimated at over $10bn annually, in line with President Bola Tinubu’s Renewed Hope Agenda for food security and national prosperity. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, and the Minister of State, Senator […]
The Dangote Petroleum Refinery is officially guaranteeing Nigerians a steady and constant supply of petrol and diesel across the country. Since the refinery started making fuel in late 2024, it has been producing enough every day to completely cover the nation’s needs, promising to put an end to the painful cycles of fuel scarcity. This […]
The Minister of Power, Adebayo Adelabu, has raised concerns over the shortage of trained technicians in Nigeria’s power sector, revealing that more than 400,000 meters recently imported into the country are yet to be installed due to a lack of qualified installers. Speaking at the ongoing Nigeria Energy Conference in Lagos, the minister said […]
The Federal Ministry of Steel Development has signed a joint strategic cooperation declaration for the establishment of a $400 million modern steel plant in Ewekoro, Ogun State. The agreement with Inner Galaxy Group’s Stellar Steel Company Limited is part of ongoing efforts by the government to accelerate Nigeria’s industrialisation. It is also aimed at achieving […]
The Dangote Refinery has announced plans to expand its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world, surpassing India’s Jamnagar Refinery. Speaking at a press conference in Lagos on Sunday, the President of the Dangote Group, Aliko Dangote, said the expansion […]
The Director-General of the National Orientation Agency, Lanre Issa-Onilu, has condemned the persistent practice of residents rushing to scoop fuel from fallen tankers. He blamed the recurring explosions and loss of lives on poor community leadership and eroded national values. Fuel tanker explosions have become a recurring tragedy in Nigeria, often caused by residents attempting […]
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said investor confidence is back in Nigeria’s oil sector. This comes as Lokpobiri lauded the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) regulatory feat in the last four years. He disclosed this when the Chief Executive of NUPRC visited the minister on Tuesday. The Minister […]
A widespread internet outage on Monday disrupted several major websites, online games, and mobile apps across the world, following a technical failure at Amazon Web Services, Amazon’s cloud computing arm. According to reports by BBC and CNN Business on Monday, the outage temporarily knocked out hundreds of platforms that rely on AWS, including Amazon, Snapchat, […]
Eagle Fm