NBS: Nigeria Earned Over $195b Exporting Crude Oil
The National Bureau of Statistics has reported that Nigeria in 2021 made over N14.4 trillion selling crude to different countries around the world.
NBS disclosed this in its latest Foreign trade statistics report.
According to the report, crude oil...
Shell and other oil giants leave Nigeria, as Nigerian billionaires purchase assets
Recent months have seen major changes in oil asset ownership in Nigeria, especially in the upstream sector. In Nigeria's oil industry, Shell, Exxon Mobil, Chevron, Agip, Texaco and Total brand names were synonymous...
Insecurity: Private Sector Raises Fresh N100bn To Support FG
The Coalition Against COVID-19 has disclosed plans to provide N100bn to the Federal Government to assist security agencies tackle the current spate of insecurity in the country.
The Chairman of the United Bank for Africa, Tony Elumelu...
Fed Govt, Transcorp’s Afam Plant Deal To Add 966MW Generation
The Federal Government on Thursday signed a share sale and purchase agreement with Transcorp Power Consortium in relation to Afam Power Plc and Afam III Fast Power Ltd.
The agreement, which is expected to lead to...
CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn
The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up a coalition aimed at raising N120bn towards the fight against COVID-19 in Nigeria.
The Governor, Central...
Invest $2.5bn In African Entrepreneurs, Elumelu Urges Japan
The Chairman of United Bank for Africa Plc has urged the government of Japan to invest five per cent of its $50bn commitment to Africa in empowering African entrepreneurs.
Elumelu spoke at the 7th Tokyo International Conference on...
