NIGERIA: IMF retains economic growth forecast at 3.2% The International Monetary Fund, IMF has retained Nigeria’s economic growth forecast at 3.2 per cent in 2023. In its World Economic Outlook, WEO Update, July, titled “Near-Term Resilience, Persistent Challenges”, the IMF, stated: “Global growth is projected to fall from 3.5 percent in 2022 to 3.0 percent in […]
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Construction of Ondo Oil and Gas Park to start, NCDMB assures Govt, Investors Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje Local
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Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa State. Kakakin Adamawa, Prof. Abubakar Tahir, who represented Lamido Adamawa at
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NCF Inaugurates the First Indigenous Climate Justice Coalition in Nigeria As the world is groping with the gigantic challenge of climate change, while its impact keeps ravaging the people and land, the foremost environmental NGO dedicated to nature conservation and biodiversity resources management for over 40years, the Nigerian Conservation Foundation (NCF), is set to launch
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ELECTRICITY: NERC issues new Order seeking financial control of govt-owned TCN By Eyo Nsima The Nigerian Electricity Regulatory Commission, NERC, has issued a new Order, targeted at financial control of the Transmission Company, TCN. In a directive – Order on the Mandatory Filling of Annual OPEX, Capital Investments Plans and Outcomes of Procurements Conducted by
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Sahara Group Delivers spectacular Saharalympics, signs Dan ‘The Bull’ Amokachi Leading energy and infrastructure conglomerate, Sahara Group, hosted an electrifying 5th edition of the Saharalympics Games which featured an awe-inspiring display of talent, teamwork, and camaraderie among Sahara employees from Africa, Asia, Europe, and the Middle East. The Saharalympics is Sahara’s biennial sporting event
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RMAFC BILL: Coalition Calls for President Tinubu’s Assent, Says The Centre for Anti-Corruption and Open Leadership (CACOL) on behalf of the Civil Society Coalition Against Corruption yesterday in Lagos called on President Bola Ahmed Tinubu to graciously give assent to the Bill for an act to amend the Revenue Mobilisation Allocation and Fiscal Commission Act,
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SERAP sues CBN over ‘unlawful regulations on customers’ social media handles’ Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’
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Global energy demand will rise by 23% between now and 2045 — OPEC By Eyo Nsima The Secretary General, Organisation of Petroleum Exporting Countries, OPEC, HE Haitham Al Ghais, said the global energy demand will rise by 23 per cent between now and 2045. Speaking at the G20 Energy Ministerial Meeting, on 22 July 2023,
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NNPC Ltd, UTM Sign Deal on 1.5MTPA Floating LNG Project In a major step towards bolstering Nigeria’s energy security and promoting the utilization of its abundant gas resources, the NNPC Ltd and UTM Offshore Limited have today in Abuja signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous
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