Fuel queues have resurfaced across Lagos following an increase in petrol prices by the Nigerian National Petroleum Company Ltd just as the organized Labour fear the development would deepen mass poverty in the country. Nigeria Labour Congress (NLC) urged the Federal Government to reverse the latest increase in the pump price of petroleum products, warning…
Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike has advised the management of Asset Management Company of Nigeria (AMCON) to be firm and decisive in managing bad loans in the country. Wike gave the advice when the management of the company, led by its Managing Director/Chief Executive Officer, Mr Gbenga Alade, visited him…
The future arrived in grand style at TECNO’s highly anticipated AI Launch event, bringing together a star-studded lineup of tech influencers, actors, and industry captains to celebrate a major leap in the world of technology. From the sleek ambience to the forward-thinking innovations, every detail of the event embodied the trailblazing spirit of Artificial Intelligence…
Start-ups in Nigeria and other parts of Africa have announced a total of $138 millions’ worth of $100k+ deals last month, if equity (89per cent), debt (nine per cent) and grants (two per cent) are included in the deal. This is slightly below the average raised monthly in the previous 12 months ($159million/month). A total…
National Insurance Commission (NAICOM) has warned that rising inflation in Nigeria remained a major concern for the insurance sector because of its impact on both insurers and the insureds. Commissioner for Insurance/Chief Executive Officer of NAICOM, Olusegun Omosehin who spoke at the Insurance Meets Tech (IMT) 2024 with theme: ‘Revitalising the Insurance Industry to Risk-Manage…
Oil major, Shell, has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as Asset…
Total number of Nigerians in need of food assistance could dip to 12.99 million next March from the current 17.99 million, according to Famine Early Warning Systems Network (FEWS NET), a United States Agency for International Development (USAID)-funded activity. It is a leading provider of early warning and analysis on acute food insecurity. The use…
Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has said the changes witnessed in the state, from technological advancements to shifting market dynamics and an increasing emphasis on sustainability, are fundamentally reshaping the future of the built environment. Speaking as Special Guest of Honour at the Real Estate Discussions and Awards (REDA) 2024 organized by Thinkmint…
Oil cartel, the Organization of Petroleum Exporting Countries (OPEC) sees no sign of global oil demand receding, rather, it expects it to rise to at least 120 million per barrel (mb/d) by 2050, according to its World Oil Outlook. OPEC also revised its estimate of global oil demand in 2045 to 118.9 million b/d, a…
