'Nigeria, Others Need $15.7bn To Upgrade Refineries'
African countries will need about $15.7 billion to upgrade existing 36 refineries on the continent to produce petroleum products that will conform with a planned level of sulphur content.
African Refiners and Distributors Association (ARDA) disclosed that the $15.7...
Nigeria’s Offshore Rig Counts Hit 12 In May As Demand Recovers
International Association of Drilling Contractors (IADC), Nigeria chapter, has hinted at slight market recovery going by the rig counts, stressing the need for prioritisation of training and retraining of members to meet industry’s standards.
It,...
$40bn Investments Needed To Boost Power Supply In Nigeria - FG
The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring an immediate funding of $40 billion in the generation, transmission and distribution value chain.
The government...
Foreign Portfolio Investment In Nigeria’s Equities Drop By 50.7%
Foreign investors’ confidence in the Nigerian equities market has continued to wane as their participation in the market fell by a huge 50.74 percent to N20.02 billion at the end of April 2021 from N40.64 billion...
Nigeria Records N5trn Non-oil Exports
More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year.
The goods were shipped out of Lagos ports and formed part of the total export goods valued at about N6 trillion.
Customs...
Tech Competitions and Nigeria’s Startup Ecosystem, By Inyene Ibanga
Funding remains one of the biggest challenges for tech startups as they struggle to launch their dreams into reality. Starting a tech business is time-consuming and very expensive to get off the ground.
Tech competitions provide platforms...
