Category: Business
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GERMAN CONSUL GENERAL DANIEL KRULL VOWS TO BOOST TIES WITH NIGERIA
Daniel Krull, the new German Consul General in Lagos, has pledged to deepen economic, cultural, and academic cooperation between Germany and Nigeria. Speaking at a press conference in Lagos, Krull, who assumed office in August and previously served as Germany’s ambassador to Ghana, described Lagos as Nigeria’s economic hub and said he was ready for…
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NIGERIA’S NON-OIL SECTORS DRIVE ECONOMIC GROWTH, ACCOUNTING FOR OVER 90% OF GDP
Entrepreneur and geologist Chinedu Amadi emphasizes that Nigeria’s economic strength is increasingly rooted in its non-oil sectors, which now contribute more than 90% of the nation’s Gross Domestic Product (GDP), while oil accounts for less than 10%. His insights, shared with NAN in Abuja, reflect positive shifts reported by the National Bureau of Statistics (NBS)…
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ADIPEC 2025 IN ABU DHABI UNITES GLOBAL ENERGY LEADERS FOR INTELLIGENT IMPACT
Energy leaders, policymakers, investors, and innovators have gathered in Abu Dhabi, UAE, for the 41st Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s largest energy event. Running from November 3 to 6 at the Abu Dhabi National Exhibition Centre, this year’s conference, themed “Energy. Intelligence. Impact,” focuses on decarbonisation, artificial intelligence, and local…
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WOMEN IN MARITIME: KEY TO UNLOCKING NIGERIA’S BLUE ECONOMY POTENTIAL
Experts in Nigeria’s maritime and energy sectors stress that boosting women’s participation in the ocean economy is critical for harnessing the blue economy’s vast potential. Mrs. Nneka Obianyor of the Nigerian Maritime Administration and Safety Agency (NIMASA) highlighted that while the global ocean economy generates over $2.5 trillion annually and drives trade and innovation, women…
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NSITF CALLS OUT SABOTAGING EMPLOYERS, LAUNCHES CLAIMS TRACKING PORTAL FOR NIGERIAN WORKERS
The Nigeria Social Insurance Trust Fund (NSITF) has unveiled a new claims tracking portal allowing workers to monitor their compensation claims in real time, bringing greater transparency and peace of mind to beneficiaries. Managing Director Oluwaseun Faleye disclosed in a NAN interview that this digital advance is part of sweeping reforms to modernize and streamline…
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FUEL PRICE ALERT: EXPERTS WARN 15% IMPORT DUTY ON PETROL AND DIESEL MAY PUSH PRICES HIGHER
Energy experts are raising alarms over the Federal Government’s recent approval of a 15 percent import duty on petrol and diesel, cautioning that consumers could soon face a fuel price hike of up to N150 per litre or more. Dr. Ayodele Oni from Bloomfield Law Practice highlighted that while the policy aims to protect and…
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SOLAR-POWERED MOBILE “BREAD BOX” BAKERY LAUNCHED TO CREATE JOBS AND BOOST COMMUNITIES
Engineer and entrepreneur Mr. Henry Dakpokpo has unveiled the innovative “Bread Box” mobile bakery in Abuja’s Apo area—a solar-powered, containerized bakery designed to tackle unemployment and make affordable bread accessible nationwide. Speaking to NAN, Dakpokpo explained that high rent and logistics costs often make bread expensive, so the solar-powered movable bakery cuts costs while providing…
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NIGERIA’S PETROLEUM MINISTRY, NUPRC, NNPC OPPOSE BILL TO CREATE NEW DECOMMISSIONING COMMISSION
The Ministry of Petroleum Resources, alongside the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Nigerian National Petroleum Company Limited (NNPC Ltd.), have jointly opposed the proposed National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI) Bill, 2024. Their stance was announced during a public hearing held by the House of Representatives Committee on…
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OYO STATE HANDS OVER 90 HECTARES FOR MONIYA INLAND DRY PORT TO BOOST ECONOMY AND DECONGEST LAGOS PORTS
The Oyo State Government has officially handed over 90 hectares of land at Moniya, Ibadan, to the Federal Government for constructing the proposed Moniya Inland Dry Port. The handover ceremony took place on Friday with the state Deputy Governor, Mr. Bayo Lawal, passing the land to the Ministry of Marine and Blue Economy’s Permanent Secretary,…
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NAIRA SHINES BRIGHTER, GAINING N15 AS IT CLOSES STRONGER AT 1,421.73 TO DOLLAR
The Naira extended its winning streak on Friday, ending the trading week stronger at N1,421.73 per dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marks a 1.07% or N15.23 appreciation from N1,436.97 recorded earlier in the week, continuing a steady upward trend that began Monday.…
