Economy ENERGY News & Reports Trade and Investments

PIB Will Unlock Opportunities for Indigenous Companies – Oando Energy Boss

The Chief Operating Officer, Oando Energy Resources, ALEX Irune, has said that the passage of the Petroleum Industry Bill (PIB) will unlock several partnership opportunities for indigenous oil and gas companies. Irune made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on Wednesday in Abuja. The …read more →

Economy Infrastructure Financing News & Reports Trade and Investments

Russian Companies to Invest $500 Million Into Nigeria’s Manufacturing Sector

The Chairman, Nigerians in Diaspora Organisation (NIDO), Russia, Sampson Uwem-Edimo has said that nine Russian companies have indicated interest to invest over $500 million in Nigeria’s manufacturing sector. Uwem-Edimo made this known in a statement on Sunday in Lagos, ahead of the forthcoming Russia- Nigeria Business Conference. He said the planned investment was to deepen …read more →

Economy ENERGY News & Reports Trade and Investments

Dangote Refinery Will Transform Downstream Sector, Provide Better Margin for Marketers – Oil Marketers

The Major Oil Marketers Association of Nigeria (MOMAN) has expressed optimism that when the 650,000 Dangote Refinery comes on stream, it will change the way business is carried out in the downstream petroleum sector and deliver much value for operators in the industry. Chairman MOMAN, Adetunji Oyebanji said the group hope that Dangote refinery would …read more →

Agriculture Banking and Finance News & Reports Trade and Investments

NIRSAL Boosts Cocoa Exports with Credit Guarantee

The Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc (NIRSAL) is committed to enabling Nigerian cocoa farmers to benefit from the $67 billion global cocoa market, according to its chief executive officer, Aliyu Abdulhameed. While on a tour of ADT Russet Limited, in Apapa, Lagos State, which is a beneficiary of N1.5 billion facility …read more →

Economy News & Reports Trade and Investments

Nigeria Targets $2 Billion From Exports After Concession of Kano Free Trade Zone – BPE

Nigeria is expected to earn about $2 billion from exports value after the planned concession of the Kano Free Trade Zone (KFTZ) by 2027, according to the Director-General of the Bureau of Public Enterprises (BPE), Alex A. Okoh. Okoh, who spoke at during a visit to Kano State Governor, Abdullahi Ganduje said that the KFTZ would …read more →