TheMorning Star

ExxonMobil votes $10b for Nigeria’s deep-water

US oil major, ExxonMobil, has disclosed plans to invest $10 billion in Nigeria’s deep-water oil operations. Vice President Kashim Shettima welcomed the investments on the sidelines of the 79th Session of the United Nations General Assembly (UNGA) in New York, United States describing the development as a testament to the administration’s investment-friendly policies. A statement…

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Afrinvest, Western Union partner on diaspora remittances

Afrinvest (West Africa) Limited, an investment management firm, has announced a strategic integration with Western Union, a leader in money transfer services. This partnership marks the first time Western Union has collaborated with an African investment platform, allowing Nigerians abroad to remit funds directly for financial investments through Afrinvest’s investment platform, Optimus by Afrinvest. The…

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LCCI seeks quick fix to Nigeria’s soaring inflation, crushing interest rates regime

The Lagos Chamber of Commerce and Industry (LCCI) has urged monetary and fiscal authorities to significantly address deep rooted challenges contributing to high inflation, particularly in cost of food and core categories. In a statement, its Director-General, Dr Chinyere Almona, acknowledged the many efforts of the government towards easing the monetary regime. She said the…

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