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Institutions Sign Pact To Mitigate Aviation Accidents
The Nigerian Safety Investigation Bureau (NSIB) has signed a Memorandum of Understanding with the African Aviation and Aerospace University (AAAU) to prevent and mitigate accidents in the country’s transport sector.
This was disclosed in…
NNPCL to boost Nigeria’s Gas Supply, Stabilise Naira
Temitope Mustapha, Abuja
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has committed to increasing the supply of Nigeria's gas to both local and international markets with the…
IMF Demands Productivity Reforms To Combat Slow Growth
The International Monetary Fund has said that countries across the world must prioritise productivity reforms to revive medium-term growth.
The IMF in a piece on its website, stated that the global growth rate had slowed steadily since…
Natural Gas Vital To Driving Economic Growth – NNPCL
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, (NNPCL) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development.
Kyari made this…
Tariff hike: Nigerian Government Plans N1.5tn Savings, 2.5m Meter Installations
The Federal Government of Nigeria has raised the amount that it would save this year following the recent hike in electricity tariff for Band A customers to N1.5tn.
It also stated that about 2.5 million meters would be installed this…
Chairman Dangote Group Assures Savings On Diesel Costs
By: Temitope Mustapha, Abuja
Aliko Dangote, Chairman Dangote Group has assured of his refinery’s ability to sell diesel at significant discounted prices.
Africa's foremost industrialist said this will provide immediate…
10 Banks Operating Expenses In Nigeria Rise To N3tn
The combined operating expenses of 10 Nigerian banks rose by 42.51 per cent to N3.23tn in 2023 compared to N2.26tn in the previous year, reports said.
This was based on the annual results of the financial institutions filed with the…
Electricity price hike: Engineering Professionals Call For Customer Protection
By: Aanya Igomu
The Nigerian Society of Engineers, (NSE) has raised the need for customer protection and framework to sanction defaulting Electricity Distribution Companies.
This is the position of the engineering…
World Bank Predicts Nigeria’s 2024 Inflation Will Drop
The World Bank, on Monday, said Nigeria’s inflation rate will drop to 24.8 per cent year-on-year, in 2024.
The development comes after the Nigerian Bureau of Statistics (NBS) pegged the current rate at 31.7 per cent in February from 29.9…
Market Women Applauds Cross River State First Lady
By: Eme Offiong, Calabar
The women of Akim community market in Calabar, the capital of Cross River State, southern Nigeria have appreciated the Wife of the governor, Reverend Eyoanwan Otu for inaugurating 120 modernized stalls.…