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International Finance Corporation (IFC) and Central Bank (CBN) of Nigeria have signed a strategic agreement to boost Nigerian private Sector through financing priority projects thereby strengthening local currency. Through this partnership, IFC plans to increase its investment in Nigerian naira across priority sectors, such as agriculture, housing, energy, infrastructure, small businesses, and the youth economy,…
Founder and president/chief executive of the Dangote Group, Aliko Dangote, has urged Petrol marketers to stop importing petrol, saying his refinery has more than 500 million litres of petrol in stock, which is more than enough to serve Nigeria if retailers buy from it. Dangote who spoke on Tuesday with State House Correspondents after a…
Germany has declared interest to partner Enugu state in the areas of agriculture, energy, trade and investment. The German government spoke recently , through its Consul General, Weert Börner, who led a delegation of the German business community and the German Corporation for International Cooperation, GIZ, on a working visit to Governor Peter Mbah at…
Prof. Chiwuike Uba Ph.D. Nigeria stands at a pivotal moment. As Africa’s most populous nation, with an estimated 226.5 million people in 2025 and nearly half residing in rural areas, the country possesses immense human and natural resources capable of shaping its economic destiny. Its vast youth population, rich natural endowments, and strategic location as…
Godfrey Okoye University, EnuguNigeris, has allocated ₦7million as seed capital to 140 student business groups under the Student Training for Entrepreneurial Promotion -Sustainability (STEP-S) of the Directorate of Entrepreneurship (DoE). The Director of the Directorate, Christopher Uwakwe, announced this while addressing the beneficiaries. He explained that the seed fund would serve as startup capital to…
President Bola Tinubu has lauded Shell’s $2 billion Final Investment Decision (FID) on a new gas project in the shallow offshore HI Field, in OML 144, saying the move shows Nigeria is open for business. Presidential spokesman ,Bayo Onanuga,in a statement ,said the announcement brings the total significant upstream investment commitments through Final Investment Decisions…
Africa’s richest man, Aliko Dangote has joined the $30 billion club with his financial worth hitting $30 billion as of Oct. 23, a $2.16 billion gain since the beginning of the year. Bloomberg’s Billionaires, Index and Business Insider shows that Dangote’s wealth recently grew by another $430 million, pushing him over the coveted $30 billion threshold. Just…
Dangote Refinery has denied the allegation that the firm set the petrol price at ₦600 per liter, describing the claims as “speculative announcements” without any foundation. This was contained in a statement signed and made available to Newsmen on Tuesday by the Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina. The…
By Newslineglobal Nigerian National Petroleum Company Limited on Wednesday it has adjusted pump prices of Premium Motor Spirit (PMS), popularly known as fuel or petrol, across their retail outlets, in line with current market realities. The corporation made this known in a press statement signed by the Chief Corporate Communications Officer, Garba Deen Muhammad, and…
Enugu State government has announced the construction of a new International Motor Spare Parts and Allied Trades Market. Managing Director, Enugu State Investment Development Authority, Dr. Sam Ogbu-Nwobodo made that known during a meeting with the expanded leadership of the Enugu Motor Spare Parts and Allied Trades Association, Coal Camp, Enugu. According to him, the…