The Kaduna State Government has commended Arla Foods Nigeria for its significant investment in the Arla Farm project, which is poised to enhance milk and dairy production in Nigeria. During a visit to the Arla Farm in Damau, Kaduna State, top government officials expressed their support for the project and its potential to contribute to […]
Category archives: Business
Nigeria Requires $7.6 Billion for 2.1mbpd Oil Production by 2025
Nigeria is in need of an estimated $7.6 billion to increase its oil production to 2.1 million barrels per day (bpd) by 2025, up from the current 1.3 million bpd recorded in September. Dr. Austin Avuru, Chairman of AA Holdings, emphasized the significance of this investment, which would involve drilling approximately 426 wells with the […]
“Naira Scarcity Intensifies Across States as CBN’s Deadline for Old Notes Approaches”
A widespread scarcity of Naira currency notes has been observed in various states, including Kano and Borno, as the Central Bank of Nigeria (CBN) deadline for the use of old N200, N500, and N1000 banknotes swiftly approaches, set for December 31, 2023, as mandated by the Supreme Court. The scarcity has sparked concerns within local […]
Tinubu’s Noella Foundation to Create Over 10,000 Jobs for Youths
Noella Foundation says it is partnering with well meaning firms within and outside Nigeria to help lift over over 10,000 Nigerian youth out of unemployment with the creation of jobs. Mr Seyi Tinubu, Co-founder Noella Foundation, Chairperson SME100Africa Global youth council disclosed this at a medical outreach organised by in Abuja on Saturday to commemorate […]
Peace, unity, partnership, development of the state top discussion as Gov. Sule visits Nasarawa Speaker
Nasarawa State Government says it is in receipt of Federal Government palliatives awaiting disbursement to mitigate the impact of fuel subsidy removal in the country. Governor Abdullahi Sule acknowledged this during a visit to the Speaker, Nasarawa State House of Assembly, Rt. Hon Ibrahim Balarabe Abdullahi at his residence in Lafia today. He said that […]
Fuel Subsidy Removal: Hold NNPCL Responsible for High Cost of Living
A coalition of Civil Society Organisations (CSOs) have blamed the hardship caused as a result of the removal of subsidy by President Bola Ahmed Tinubu on the poor management of the Nigerian National Petroleum Company Limited (NNPCL) with its attendant increase in cost of living and labour crisis. To this end, the CSOs with shared […]
Subsidy Removal: Revamp Refineries, Licence Local Artisans, NDYC Urges Tinubu
The Niger Delta Youth Council (NDYC) worldwide has urged President Ahmed Bola Tinubu to urgently revamp the existing refineries in Warri, Port Harcourt, and Kanuda, while issuing local artisan refinery licenses as a step to tackle the economic challenges faced by the Niger Delta people and the entire nation, The youth group at a press […]
Report: Nestle’s Loans Soar to N155 Billion
Concerns Raised Over Nestle Nigeria’s Liabilities and Intercompany Loans During the release of Nestle Nigeria’s annual report, a shareholder expressed concerns regarding the company’s liabilities and the accumulated interest on its loans. Specifically, attention was drawn to the intercompany loans taken by Nestle Nigeria. According to the annual report, Nestle Nigeria disclosed that its unsecured […]
According to the NITDA, Nigeria receives a significant portion of Africa’s foreign direct investment, amounting to 30%.
Architects Recommend SINOMA Fiber Cement Board, Roofing Tiles For Construction
Members of the Nigerian Institute of Architects (NIA) Abuja Chapter have recommended the use of Sinoma products by stakeholders in the building industry for their construction projects. Chinese firms Sinoma New Material Nigeria Company Limited and Sinoma FABCOM Limited specializes in the production of Fiber Cement Boards, Stone Coated Roofing Tiles and Steel Roofing Sheets. […]