Business & Economy - Page 104

The federal government’s ability to generate revenue is under threat as the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed significant debts owed by oil and gas companies operating in the country. According to NEITI’s ‘2022/2023 Independent Oil and Gas Industry Report,’

Nigerian Navy units under the auspices of Operation Delta Sanity have destroyed about 19 illegal refining sites and apprehended eight suspected oil thieves in the Niger Delta region. Director of Navy Information, Commodore Aiwuyor Adams-Aliu, in a statement on Friday, said the

By MIKE ABBAH The National Agency for Science and Engineering Infrastructure (NASENI) is showcasing indigenously developed technological products at the ongoing 19th Abuja International Trade Fair holding at the Abuja Trade and Convention Centre, Umaru Yar’Adua Way, Airport Road, Abuja. This year’s NASENI

By MIKE ABBAH The Managing Director/CEO, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has re-emphasised the commitment of the Corporation towards ensuring financial service stability in the country. He also noted that the Corporation would remain steadfast in the pursuit of

From Fred Ezeh, Abuja Former President, Goodluck Jonathan, and the Emir of Kano, HRH, Muhammadu Sanusi II, clashed in Abuja, on Thursday, over the insistence of the latter that $49.8bn was allegedly embezzled during the administration of former President Jonathan. Former President

The Managing Director of Powell Homes and Shelters Limited, Onyekachi Emmanuel, has called on Governors of the South East States to regularise the levies estate developers and investors pay to the youths of various communities in the name of “Ogbanecheagu levy.” Emmanuel,

To underscore Nigeria’s growing attractiveness as a destination for substantial foreign investments, promising significant advancements in both the energy and logistics sectors, Vice President Kashim Shettima has expressed enthusiasm at ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, highlighting it

The Nigerian naira continued its downward trajectory against the US dollar, closing at N1,667. Hv42 in the official Investor and Exporter (I&E) window yesterday (Wednesday, September 25).  This marked a 0.54% depreciation from the previous day’s close of N1,658.48, highlighting the ongoing