International maritime giant, DP World, has unveiled its plans to develop a multibillion-dollar port project in Nigeria. Group Chairman & CEO of DP World, Sultan Ahmed bin Sulayem, disclosed this during a courtesy visit to Vice President Shettima on the sidelines of the ongoing United Nations General Assembly in New York, United States. The proposal…
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…
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…
The Lagos Lotteries and Gaming Authority, Nigerian Breweries and others have partnered Supremacy Concert to celebrate Nigeria’s Independence in the highest of spirits. Organisers of the event said the participation of the state government and others in the celebration is a reflection of the appreciation of the role the entertainment industry plays in the economy….
The Poultry Association of Nigeria (PAN), Lagos State chapter, has championed the move for the attainment of food security in the country. The association at its 2024 annual Conference and Exhibition with the theme: ‘Poultry Association of Nigeria Lagos (PANLAG) on the Pathway to Food Security and Sustainability’ called for the attainment of food security…
At Meta Connect 2024, Mark Zuckerberg shared updates on Meta’s leading work in AI, wearables, and mixed reality which are building towards Meta’s vision of the next computing platform. Orion: True AR glasses have finally arrived. We believe Orion is the most advanced pair of AR glasses ever made and the result of breakthrough inventions…
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…
Minister of Marine and Blue Economy, Adegboyega Oyetola emphasised the Federal Government commitment to ensuring that maritime agencies under the ministry operate in line with global best standards. He spoke ahead of 2024 World Maritime Day with the theme “Navigating the Future: Safety First”. He said this year’s theme is particularly relevant, as safety is…
Nigeria’s data agency, the National Bureau of Statistics (NBS) yesterday said Nigeria’s unemployment rate increased from 5.0per cent in third quarter 2023 (Q3 2023) to 5.3per cent in Q1 2024. NBS, in statement on “Nigeria’s Labour Force in Focus: NBS Published the 2023 Annual and Q1 2024 Labour Force Survey Results,” said: “The unemployment rate…
