Economy
SPE Nigeria calls for technology, policy, and supply chain optimization in energy sector
By Emmanuel Uduara The Society of Petroleum Engineers (SPE) Nigeria Council has called for technology, policy, and supply chain optimization in energy sector. Reaffirmed the Forum’s continued role as a premier platform for dialogue and innovation in Nigeria’s oil and gas industry. The Chairman of SPE Nigeria Council, Engr. Amina Danmadami, in a welcome address…
EFCC Vows Justice For Scam Victims of CBEX, Clarifies ST Technologies, Not CBEX Registered With SCUML
The Economic and Financial Crimes Commission (EFCC) has expressed the commission’s commitment to ensuring justice for victims of the CBEX scam, said the the commission’s stand underlines the agency’s ongoing efforts to address financial crimes. The EFCC’s statement comes amid growing concerns over the CBEX digital trading platform, which was embroiled in a…
Power Sector Privatization:A Colossal Misstep Plunging Households into Darkness and Economic Despair… Chief Ameh
…From Bad to Worst : Arbitrary Tariff Hikes Crush Nigerian Households Amid Power Sector Privatization Disaster. Chief Peter Ameh has reacted against the catastrophic fallout of what he described as a deeply flawed and hastily executed privatization of the Nigeria power sector. Chief Amen in a press release he personally e-signed said… “The…
BALANCE OF PAYMENT SURPLUS: EVERYDAY NIGERIANS NEED TO FEEL THE DIRECT IMPACT IN MORE PRACTICAL TERMS – SDP
On Wednesday, April 9, 2025, the Governor of Central Bank of Nigeria, Olayemi Cardo, released some fantastic and cheering statistics regarding Nigeria recording its first balance of payment surplus in three years, on account of the effectiveness of the ongoing economic reform agenda, which are anchored on “boosting of oil and gas production, fuel…
The Unprecedented Fiscal Surplus of the Central Bank of Nigeria: A Testament to the Tinubu Reforms
By Abayomi Odunowo The Central Bank of Nigeria (CBN) has recently declared a record-breaking surplus of $6.83 billion for the fiscal year 2024, marking a significant turnaround from the ₦488 billion ($1.7 billion) deficit reported in the first quarter of 2020. This financial achievement is not merely a number but a reflection…
Update on the Crude and Refined Product Sales in Naira Initiative: A Pathway Toward Economic Resilience
By Abayomi Odunowo. In recent years, Nigeria’s economic landscape has been marked by a growing need for self-sufficiency, particularly in the petroleum sector. In recognition of this critical need, the Federal Executive Council (FEC) of Nigeria has initiated the Crude and Refined Product Sales in Naira initiative. This strategic program is a pivotal measure…
UPDATE ON THE CRUDE AND REFINED PRODUCT SALES IN NAIRA INITIATIVE
The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative has today convened an update meeting held in Abuja with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presiding. The meeting reviewed progress and addressed ongoing implementation matters. The stakeholders reaffirmed the government’s commitment to the…
National Council for Civil Society Organizations (NACCSO) Partners with Nexim Bank to Empower Nigerian Youth and CSOs on Export and Import
The National Council for Civil Society Organizations (NACCSO) is pleased to announce a strategic partnership with the Nigerian Export-Import Bank (Nexim Bank) aimed at building the capacity of Civil Society Organizations (CSOs) and Nigerian youth on export and import. This groundbreaking partnership seeks to bridge the knowledge gap and enhance the participation of CSOs…
Benue’s First Exhibition: We are breathing life back into our moribund industries – Gov Alia
Benue State Governor, Rev. Fr. Hyacinth Alia has said his administration through the Ministry of Industry,Trade and Investment has been working tirelessly to breathe life back into the moribund industries littered all over the state and establish new ones. The Governor stated this at the inaugural “Made in Benue Products Exhibition” held at IBB…
NNPC Ltd Ready for Initial Public Offer
The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021. This according to a press release e-signed by Chief Corporate Communications Officer NNPC Ltd, Olufemi O. Soneye was disclosed by the…