Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called on the government to uphold Section 3.3 of the Local Content Act 2010 to give first consideration to local contractors in divested assets. Ogunsanya, made this call during the Industry Stakeholders for the Petroleum Industry Stakeholders forum (PISF) organised by the Ministry of…
After a prolong agitation for an increase in end user telecom tariffs in the country by mobile carriers, regulator of the sector, Nigerian Communications Commission (NCC) has approved a 50 per cent hike. And like a red rag to a bull, telecom subscribers have kicked against the approval which they said reflected the fact that…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has flagged off the construction of the XEJet flight support and engineering centre worth $10 million. The centre, when completed, would serve as an engineering centre, a private terminal for business aviation and a design centre. The Minister said the facility would attract investment within the…
The Nigeria Inter-Bank Settlement System (NIBSS) has said enrollments for the bank verification number (BVN) increased to 64.83 million in January. According to data from the NIBSS, the figure represents an increase of 1.35 million, compared to the 63.47 million recorded in January 2024. The BVN is an 11-digit number unique to each individual across…
BPR Hub, a San Francisco and Bangalore, India based company has announced a $2.6 million seed funding round to help manufacturers finally solve their critical challenge. Every day, manufacturers wrestle with increasing complex regulatory requirements imposed by clients and regulatory bodies. Small and medium-sized manufacturers (SMEs) in particular struggle to stay compliant while managing day-to-day…
The wealth of the world’s billionaires including Nigeria’s Aliko Dangote, Tesla and SpaceX chief executive, Elon Musk and others grew by $2trillion (£1.64trillion) in 2024, three times faster than in 2023, amounting to $5.7billion a day, according to a report by Oxfam. Dangote, with a net worth of $11billionn, is Africa’s richest person, holding a…
Konga’s annual Jara campaign has sparked excitement among Nigerian shoppers, offering timely discounts of up to 50% across various product categories. The initiative, themed “Confam New Year Deals,” has emerged as a vital lifeline for consumers navigating the financial challenges typical of January. Market analysis shows a significant surge in essential household purchases, with electronics,…
Subscribers have faulted the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, over his statement that telecom subscribers in the country will have to pay between 30per cent and 60 per cent in end user tariffs. They said the minister’s statement reflected his insensitivity and is contrary to the agreements reached between the Consumer…
The ultra-premium tequila brand under Pernod Ricard, Avión Tequila, has entered the Nigerian market, making its grand debut at Flytime Fest 2024. It was introduced to festival-goers as one of its exceptional range of tequilas and set the tone for a new chapter in the country’s premium spirits industry. With Nigeria’s appetite for luxury goods…
