The World Bank Group has expressed its desire to partner with the Ministry of Marine and Blue Economy to develop Nigeria’s maritime sector. Announcing this in a statement on …
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PenCom okays ARM Access Pensions merger
The National Pension Commission has approved the merger of ARM Pension Managers Limited and Access Pensions Limited. In a statement on Tuesday, the commission noted that the consolidation had …
Read More »Tech upgrade gulps N178bn in five banks
The combined spending of five Nigerian banks on ramping up their information technology was N178.77bn in the first six months of the year, The PUNCH reports. An analysis of …
Read More »Ghana to understudy Nigeria’s local content board – NCDMB
The Nigerian Content Development and Monitoring Board on Wednesday signed a Memorandum of Understanding with the Petroleum Commission, Ghana, towards developing and deepening local content regulations in Ghana’s upstream …
Read More »BOI disburses N77.56bn loans to MSMEs
The Bank of Industry has announced that within the first nine months of 2024, it disbursed N77.65bn in loans to support medium, small, and micro-enterprises. It said the financial …
Read More »Content creators’ payments hit $2bn in 2023 – Meta
Meta Platforms Inc., the parent company of Facebook, disclosed on Wednesday that it paid over $2bn to content creators in 2023, marking a significant milestone in its monetisation efforts. …
Read More »Odu’a Investment honours former chairman, MD
Odu’a Investment Company Limited has celebrated the firm’s former Chairman, Segun Aina, and the former Group Managing Director/Chief Executive Officer, Adewale Raji, for their leadership. They were honoured at …
Read More »Local refineries produced 1.46 billion litres of petrol – Report
From 2015 to 2019, Nigeria could only produce 1.46 billion litres of petrol due to low refining capacity caused by the country’s inactive refineries, as reported by the National …
Read More »NUPRC urged to honour crude supply obligations
The Tope Adebayo LP, a full-service law firm based in Lagos, has examined the implementation framework and enforcement mechanisms of Nigeria’s crude oil supply obligations and its role in …
Read More »FG stops VAT on diesel, cooking gas
The Federal Government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the …
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