Nigeria’s crude oil production, including condensate, increased by 255,710 barrels to reach 1.8 million barrels per day in October, up from 1.54 million barrels per day in September 2024, marking a 16.56percent month-on-month rise. Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed this at the 42nd Nigerian Association of Petroleum Explorationists (NAPE)…
United Bank for Africa (UBA) Plc has appointed Henrietta Ugboh as an Independent Non-Executive Director. The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria. UBA’s Group Chairman, Tony Elumelu, commenting on the appointment, said, “Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will…
Nigerian Government has promised to settle the N88 billion budgeted for pension arrears this year. Minister of Finance and Coordinating Minister of the Economy, Wale Edun made the promise in Abuja yesterday when hundreds of retirees from the Contributory Pension Scheme (CPS) stormed the headquarters of the Federal Ministry of Finance, protesting prolonged delays in…
Vice-President Kashim Shettima has said Federal Government’s ongoing efforts to strengthen the country’s trade sector is showing promising results, as Nigeria recorded N6.5 trillion trade balance in second quarter of 2024. Shettima, represented by the Secretary to the Government of the Federation (SGF), George Akume, who spoke at the third National Conference on Non-oil Export…
BFI Group, the core investor in Aluminum Smelter Company of Nigeria (ALSCON), has sealed a deal with China National Chemical Engineering International Corporation Ltd. (CNCEC International) to revive the 135million metric standard cubic feet per day (MMscfd) Gas Processing plant in ALSCON Plant Ikot Abasi, Akwa Ibom State, with a total estimate investment of about…
A lender, First City Monument Bank (FCMB), has expanded its energy finance loan to N30 million to support households and small businesses in the acquisition of solar panels, batteries, inverters, and other clean energy equipment. The bank explained that with a maximum three-year repayment schedule, this initiative, the bank said, aims to promote sustainable energy…
The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani has promised government support for indigenous technology companies, through collaboration. The minister gave the promise in Lagos during his visit to Imose Technologies smartphone/tablet assembly factory. Satisfied with his on-the-spot assessment of the factory, Tijani said the assessment of Imose Technologies factory, would enable…
Nigeria government is set to train key stakeholders on effective data collection for feed and fodder management in a move that will address ongoing feed and fodder shortages that has been fuelling tensions between farmers and herdsmen. This training, known as “feed balancing,” is aimed at gathering comprehensive data on feed availability across the country,…
Airtel Nigeria has hosted the 2024 UNICEF Generation Unlimited (GenU) Steering Committee meeting at the Airtel Nigeria headquarters in Banana Island, Lagos. The breakfast meeting served as a collaborative forum, bringing together stakeholders from government, the private sector, and civil society to review GenU 9JA’s progress in providing Nigerian youth with digital learning, upskilling, and…
