Economy
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Dangote refinery to start operating October at 370,000b/d
The long-awaited Dangote refinery — billed as a game-changer for Nigeria and sub-Saharan Africa — will receive its first cargo of crude in the next two weeks and will begin producing up to 370,000 b/d of diesel and jet fuel from October, a senior company executive told S&P Global Commodity Insights. In a wide-ranging exclusive interview, Dangote Group Executive Director…
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NCC opens applications for 2023 Talent Hunt Research through hackathon
The Nigerian Communications Commission (NCC) has kicked off activities for the third edition of its Talent Hunt Research through Hackathon as part of giving expression to its Strategic Vision Plan 2023-2025, which is to encourage the development of new technologies and indigenous content through cutting-edge research. According to a statement by the Director, Public Affairs, NCC, Reuben Muoka, the goal…
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NCC says broadband penetration on fast-tract
The national target to achieve 70 per cent broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the end of 2023. This promise was one of the highlights of the special media chat with executive editors and media chiefs in the northern part of the country, hosted by the…
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REA to deploy NASENI renewable technologies to light up rural areas in Nigeria
The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI Solar resources and other renewable energy technologies, to increase electricity supply to Nigeria’s rural areas. This commitment was the outcome of…
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Nigeria, Cuba to partner for food security, agriculture advancement
On the sidelines of the G77 + China Leaders’ Summit, the Honourable Minister of Agriculture and Food Security, Senator Abubakar Kyari has signed a Memorandum of Agreement on behalf of the Federal Government with Cuba on food security and agriculture advancement. The Expression of Interest (EOI) is a historic journey to strengthen the ties between Nigeria and Cuba in the…
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Tinubu nominates Olayemi Cardoso as new CBN Governor
President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN) This ewas contained in a statement by the Special Adviser to the President on Media and Publicity Ajuri Ngelale on Friday. Cardoso replaces former Governor Godwin Emefiele who was initially suspended by President Tinubu. According…
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NDDC partners OGFTZA on building industrial parks
The Niger Delta Development Commission, NDDC, has pledged to collaborate with the Oil and Gas Free Trade Zone Authority, OGFTZA, on the development of Industrial Parks in the Niger Delta region. The NDDC Managing Director, Samuel Ogbuku, made the commitment during a courtesy visit by a delegation from the OGFTZA, led by its Managing Director, Senator Tijani Kaura at the…
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Nigerian businesses urged to lead African trade growth at IATF2023
In a bid to further strengthen economic ties across the African continent, Nigerian businesses are gearing up to expand their reach and play a pivotal role in the growth of intra-African trade. This commitment was highlighted during the recent High-Level Business Roadshow held in Lagos, Nigeria, where experts and leaders discussed the significance of African economic independence and the opportunities…
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Alake promises collaboration with governors to harness solid mineral resources
The Ministry of Solid Minerals Development will work with governors to harness mineral resources for maximum socio-economic development of the country. The Hon. Minister of Solid Minerals Development , Mr Dele Alake gave this assurance when the Executive Governor of Nasarawa State paid him courtesy visit in his office at the Ministry’s Headquarters in Abuja on Thursday. Speaking further, Mr…
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Investors laud mining roadmap, plan visits to Nigeria
Nigeria’s mining roadmap was investors’ toast as curtains drew over the 21st Africa Down Under conference in Perth, Australia. Ecstatic investors besieged the exhibition booth of the Ministry of Solid Minerals at the Pan Pacific Hotel venue of the event following the announcement of enticing package of incentives unveiled by the Minister of Solid Minerals, Dele Alake, at the fourth…
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