Business

NACCIMA Criticises High Interest Rates, Calls for CBN Reform to Support Nigerian Businesses

NACCIMA President Oye has criticised high interest rates, noting that they discourage entrepreneurship and hinder Nigeria's economic growth.

4 days ago

KPMG Backs Nigeria’s Efforts to Incentivise Oil Industry, Cautions on $20 Benchmark Price for Oil Production

KPMG had supported Nigeria’s efforts to incentivise oil sector, emphasising the need for a competitive $20 benchmark price.

4 days ago

Ghana Reports First Oil Output Increase in Five Years With Production Rising By 10.7%

Ghana's crude oil production rose by 10.7% in early 2024, marking the first increase after five years of decline.

6 days ago

Keyamo Hosts Stakeholders, Aims To Boost Aviation-Insurance Partnerships Ahead Of Nigeria International Airshow

Aviation Minister Festus Keyamo held a summit to address local insurance challenges for airlines, aiming to ease operational burdens

6 days ago

CBN Targets $1 Billion In Monthly Remittances As Cardoso Unveils 1st Year Achievements

CBN Governor Olayemi Cardoso has outlined the apex bank’s ambitious goals for economic reform, including $1 billion monthly remittance targets.

7 days ago

Benedict Oramah Receives Mohammed Barkindo Lifetime Achievement Award for Transformative Impact on African Energy Sector

Afreximbank President Oramah has been honoured with Mohammed Barkindo’s Lifetime Achievement Award for advancing Africa's oil, gas, and energy sector.

7 days ago

China Prepares For Renewed Tensions With Trump Over Trade, Technology, And Taiwan

China anticipates renewed tensions with Trump, focusing on critical issues including trade disputes, technological competition, and Taiwan relations.

1 week ago

Petroleum Saga: Marketers Tackle Dangote in Court, Allege Planned Monopoly Recipe for Disaster

Three oil marketers have argued that Dangote refinery’s alleged monopoly is a recipe for disaster that could harm Nigeria's economy

1 week ago

NCDMB Advocates Annual ‘Final Investment Decision Week’ to Meet Oil Production Growth Target

NCDMB has proposed an annual FID week to fast-track oil and gas projects and increase Nigeria’s crude oil production.

1 week ago

Chevron Reveals Plan to Embark on Drilling Revival in Nigeria, Angola

Chevron has revealed plans to expand exploration acreage in Nigeria and Angola, to revive production despite years of decline in…

1 week ago