Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Wuxi factory in China has been recognized by the World Economic Forum (WEF) as a Sustainability Lighthouse. Designated an Advanced Lighthouse in 2021, this latest recognition for Wuxi specifically acknowledges the factory’s advanced solutions to reduce its environmental…
Eni’s subsidiary, Nigerian Agip Exploration Limited (NAE), on behalf of NNPC Limited and NAE Production Sharing Contract (PSC), has awarded scholarships to 30 Nigerian graduates for Post Graduate studies in Nigerian and overseas universities under its 2024/2025 Scholarship Awards Scheme. Under the scheme, 10 beneficiaries will undertake postgraduate studies in various universities in the United…
The Federal Government has intensified efforts to address irregularities in the nation’s food export system while unlocking the healthcare value chain for effective transformation. This strategic move results from collaboration between the Ministry of Industry, Trade and Investment, and the Ministry of Health and Social Welfare, aimed at bolstering President Bola Tinubu’s economic agenda. Speaking…
Lagos State government has stressed the need for homeowners in the state to regularize their land titles and secure their properties through formal application for land titles for the security of their properties. To promote drive home the message, Lagos State Lands Bureau, led by Permanent Secretary, Land Bureau, Mr. Kamar Olowoshago and Director, Land…
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has reiterated that the Federal Government would not allow telecoms companies to increase tariff by 100 per cent. For some years now, the telecoms companies have been asking for increase in tariff, citing rising operational cost, inflation and naira devaluation among others. Tijani, who was…
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has urged global financiers to invest in the concession of Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja. The minister was speaking at the Airline Economics Growth Frontiers Global in Dublin, Ireland. Keyamo emphasised that the Federal Government has implemented streamlined policies…
The Nigerian Electricity Regulatory Commission (NERC) has completed the transfer of regulatory oversight to four states The states are Enugu, Ekiti, Ondo, and Imo that are now fully in charge of the regulation of their electricity markets. NERC made this known in its X handle yesterday, noting it has begun the transfer of regulatory oversight…
The Minister of State for Industry, Sen. John Uwan-Enoh, has said the politicisation of the cocoa industry has led to the under-development of the sector. Uwan-Enoh said in an interview with newsmen in Calabar on Monday, that the cocoa industry had remained under-developed despite the abundance of the cash crop. Talking about the case of…
In December 2024, Nigeria met the crude oil production quota of the Organization of Petroleum Exporting Countries (OPEC) by 98.97 per. The cartel’s average daily quota for the month under review was 1.5million barrels per (mb/d) of crude oil. However, the country’s output was 1.48mb/d of crude oil, 49,276bpd of blended condensed, and 133,699 unblended…
