Businesswatch

Two modular refineries to boost Nigeria’s 1.5m bpd refining capacity 2025—Wabote

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said that the two refineries in Edo State, the Edo Refinery and Duport Midstream Refinery, which are currently refining petrochemical...

NDDC places embargo on new contracts, targets completion of on-going projects

The Niger Delta Development Commission, NDDC, has disclosed that it would at the moment slow down on awarding of new contracts and give attention to completion...

DSS releases Emefiele to EFCC

Godwin Emefiele, a former Governor of the Central Bank of Nigeria (CBN), who had been in the custody of the Department of State service (DSS) was...

Oil prices up 1% after paring earlier gains on mixed Middle East reports

Oil prices pared earlier gains on Friday on mixed reports out of the Middle East but remained about 1% higher on worries that tensions in Israel...

NAICOM reaffirms commitment to insurance sector growth through technology

The National Insurance Commission (NAICOM) has reaffirmed its commitment for an enabling environment to enhance the growth and development of the insurance industry. The Commissioner for...

FG to implement NASME’s N1bn youth, women empowerment fund

The Federal Government says it is set to implement the Nigerian Association of Small and Medium Enterprises (NASME) one billion Naira each for the Youth and...

NGX All-Share Index recovers, gains 0.33% w/w

The Lagos bourse rounded off the week recouping some previous session losses as the benchmark index gained 8bps to settle at 67,136.58 points. Buying interest in SEPLAT...

Nine months reult: Dangote Cement reports increase in pan-African volumes in 2023

Dangote Cement in the nine months ended September 30, 2023 reported 15.2 percent increase in pan-African volumes which rose from 7.4Mt to 8.5Mt, compared to  the...

FDI for Maritime sector Jamoh woos Brazilian investors

Sterling commits N1bn to Agro-Innovators for ASA 2023

Agric Summit Africa (ASA), known for its significant contributions to the agriculture sector, proudly announces the forthcoming 5th edition of its annual event. This year’s event,...

AGOA programme needs changes—U.S. trade official

African Growth and Opportunity Act set to expire in 2025African governments want early renewal without The United States should make changes to its flagship trade initiative...

Energy transition: Africa requires $2.64trn for renewable energy sources – Sahara Group

The Sahara Group says Africa requires about 2.64 trillion dollars, roughly the size of its Gross Domestic Product (GDP), to rely on renewable energy sources for...

FG urges African countries to reposition local content for oil, gas

The Federal Government says is time for African countries to reposition local content in the oil and gas sector to maximise value chain, boost the sector...

NGX All-Share Index declines by 0.18%

The bears continued to dominate the Lagos bourse as the NGX All-Share Index succumbed to a second successive loss, falling by 0.18% to close at 67,084.95...

Forex Market needs clear, enforceable rules— i-invest

Chairman of brokerage firm, Parthian Partners Limited, owners of digital investment platform, i-invest, Dotun Sulaiman (MFR), has expressed optimism about the potential impact of the Central...