Port Harcourt Refinery Nears Full Operation After Five-Year Dormancy

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In a significant development, the Nigerian National Petroleum Corporation Limited (NNPC) has announced that the test runs at the Port Harcourt Refinery, with a capacity of 60,000 barrels per day (bpd), are set to be completed by the end of this month. Femi Soneye, the spokesperson for NNPC, emphasized the importance of these tests, stating […]

Nigeria’s Governors Ring in 2024 with Assurances and Initiatives for Progress

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As Nigeria welcomed the dawn of 2024, Nigeria’s Governors Ring in 2024 shared messages of hope and commitment to overcoming challenges in the year ahead. President Bola Tinubu, during the signing of the 2024 appropriation bill, highlighted a significant N100 billion allocation for school feeding programs. The move aims to encourage school enrollment and address […]

Federal Government Unveils N125 Billion Economic Relief Plan

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In a significant move to mitigate the economic impact of the recent fuel subsidy removal, the Federal Government Unveils the imminent commencement of its Presidential Palliative Programme. This strategic initiative, spearheaded by the Minister for Industry, Trade and Investment, Dr. Doris Uzoka-Anite, encompasses two pivotal components – the Presidential Conditional Grant Programme and the Presidential […]

Capsa Technology Strengthens Nigerian Supply Chain with Innovative

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Capsa Technology Strengthens Nigerian supply chain and logistics sector through its recent collaboration with Lagos Business School. The collaboration resulted in the hosting of the “Supply Chain 4.0: Technology, Factoring, and the Future of Supply Chain” executive course, which brought together industry executives from pharmaceuticals, healthcare, oil and gas, and manufacturing sectors. Chukwuka Nwagbara, Chief […]

Economic Experts Cast Doubt on CBN’s Bold Bid to Eliminate FX Backlogs in a Fortnight

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The Central Bank of Nigeria (CBN) recently made headlines with its announcement that it aims to reduce foreign exchange (FX) backlogs within a mere two-week timeframe. However, Economic Experts Cast Doubt on CBN’s about the feasibility of such a swift resolution. Acting Governor of the CBN, Folashodun Shonubi, revealed during a media briefing that the […]

Report Reveals Global Subsidies Reached Staggering $7 Trillion in 2022, Calling for Urgent Reforms

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Report Reveals Global Subsidies in a groundbreaking report titled “IMF Fossil Fuel Subsidies Data: 2023 Update,” released just yesterday, the International Monetary Fund (IMF) has raised concerns over the aggregate global fossil fuel subsidies and their implications on the world economy. The report sheds light on the leading world economic powers and their roles in […]

Mixed Expert Perspectives on President Bola Tinubu’s Choice of David Umahi as Minister of Works

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Perspectives on President Bola Tinubu’s Choice over the recent appointment of the former governor of Ebonyi State, David Umahi, as the Minister of Works by President Bola Tinubu have ignited a spectrum of reactions from industry experts. The decision has spurred discussions on whether Umahi, with his background in Civil Engineering and his political experience, […]

Point of Sale Operators Protest Increased Service Charges in Nigeria

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Point of Sale Operators Protest, In a recent development, a group of Point of Sale (PoS) operators in Nigeria has staged protests against the recently implemented service charge hikes in the country. The Association of Mobile Money and Bank Agents in Nigeria had earlier announced these new charges for operators in June, citing the need […]

Airline Industry’s Cry for Help: Blocked Funds Imperil Nigeria’s Connectivity

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The International Airline Industry’s Cry for Help, a global airline organization based in Switzerland, has issued a warning regarding the escalating levels of blocked funds, which pose a significant threat to airline connectivity in Nigeria and other affected countries. According to IATA, the industry’s blocked funds have surged by 47 percent to $2.27 billion in […]