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FG: Nigeria to Anticipate Oil Yields From New Marginal Fields in 2022
The Federal Government has expressed anticipation of oil yields from marginal fields in 2022. Mr. Sarki Auwalu, Director/ Chief Executive Officer at the Department of Petroleum…
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Speedtest Global Index Reveals Top Ten African Cities With Highest Internet Speeds in Q1, 2021
Speedtest Global Index, a US-based internet analytics company, has shown in its data that Johannesburg and Pretoria, two South African cities, are leading as the top ten African cities…
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Lotus Bank Gets Non-Interest Banking License
The Central Bank of Nigeria (CBN) has granted a non-interest banking license to Lotus Bank Limited.
This was revealed in a statement titled CBN grants Lotus Bank license to commence…
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Buhari Flags off Commercial Operations of $1.5 Billion Lagos-Ibadan Railway Project
Emoabino Christian
President Muhammadu Buhari, on Thursday 10th June 2021, flagged off commercial operations of the $1.5 billion Lagos-Ibadan railway project at the…
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World Bank Update on Nigerian Economic Update
In 2020 the Nigerian economy shrank by 1.8%, its deepest decline since 1983. The COVID-19 crisis drove the economic slowdown; the external context was marked by capital outflows,…
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Naira Devaluation Affects Nigerian Economy
Nigerian businesses groan as naira devaluation bites economy.
The Central Bank of Nigeria's decision to devalue the naira has been a heavy burden on businesses and consumers.
At the…
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Nigerians Warn IMF, World Bank Over Govt. Loans
Scores of Nigerian statesmen and activists have cautioned the international community against approving additional loans to the federal government.
The members of the Nigerian…
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Jeff Bezos Steps Down As Amazon Boss After 27 Years
After leading Amazon to become a trillion dollar company, the founder Jeff Bezos has stepped down as its Chief Executive Officer.
He officially stepped down on Monday, July 5th 2021.…
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New Strategic Imperatives in Oil and Gas Sector
Businesses, oil and gas industries and countries increasingly find themselves in recovery mode after the multifaceted disruption caused by the COVID-19 pandemic. Yet, the health…
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Nigeria Accidentally Discovers Gas Reserves While Searching for Crude
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, says the country has “accidentally” discovered 206 trillion cubic feet of gas reserves while searching for crude oil.…
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