NNPCL Authorizes Marketers to Lift Petrol from Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has granted permission to major petroleum marketers to lift Premium Motor Spirit (PMS), also known as petrol, from the Dangote Petroleum Refinery. This decision comes under the existing agreement between NNPCL and the refinery. Initially, NNPCL was the sole distributor of the refinery's petrol, with the first batch of 16.8 million liters lifted...
Nike Appoints Elliott Hill as New CEO
Nike Inc. has announced the appointment of Elliott Hill as its new President and CEO, effective next month. Hill replaces John Donahoe, who is retiring from the company. Hill, who previously held leadership positions at Nike across Europe and North America, is returning to the company after retiring in 2020. He most recently served as the President of Consumer and...
Nigeria’s Solid Minerals Sector: A Growing Contributor to GDP
The Federal Government's policy direction to promote value addition in the solid minerals sector has yielded positive results, contributing N1.56 trillion to Nigeria's Gross Domestic Product (GDP) in the past year. However, the sector's contribution to overall GDP growth has declined by 16 percent compared to the previous period. According to the latest GDP report released by the National Bureau...
Nigeria’s Economy Records Significant Growth in Q2 2024
The Federal Government has announced that Nigeria's nominal Gross Domestic Product (GDP) reached N60.93 trillion in the second quarter of 2024, reflecting a substantial improvement in the nation's economy. This positive development is attributed to various economic reforms implemented by the government. Lydia Jafiya, the Permanent Secretary of the Federal Ministry of Finance, made the announcement during a sensitization...
P-CNGi Urges Nigerians to Embrace CNG Initiative to Cushion Economic Hardship
The Presidential Compressed Natural Gas Initiative (P-CNGi) has encouraged Nigerians to embrace the opportunities presented by the initiative to alleviate economic hardship. As part of its efforts to achieve its target of converting one million vehicles in Nigeria, the P-CNGi is distributing CNG kits across the country. During a recent distribution event in Lagos, Omoh Imouchuede, Head of Commercial Operations...
Treepz Launches New Mobility App to Empower One Million Daily Commuters
Treepz, a leading corporate mobility startup in Africa, is set to launch a revamped version of its mobility app, aiming to empower one million daily commuters across the continent. Scheduled to debut in Lagos on October 1, the updated app integrates Treepz's core services, Business Treepz and Rental Treepz, into a single, user-friendly platform. The new app is designed to...
UBA America Celebrates 40 Years of Fostering Africa-US Ties
United Bank for Africa Plc (UBA) is commemorating the 40th anniversary of its American branch, which has played a significant role in strengthening economic and cultural ties between Africa and the United States. Established in New York in 1982 as a representative office, UBA America was granted a federal banking license in 1984, enabling it to operate as a full-fledged...
Precise Platforms Launches New Podcast to Discuss Nigeria’s Economic Issues
Precise Platforms, a reputation management and design firm, has launched a new podcast, "PrecisePoint Podcast." The podcast aims to provide in-depth discussions on Nigeria's economic issues and government policies. Designed for business leaders, policymakers, and the general public, the "PrecisePoint Podcast" will offer analyses on fiscal policies, inflation, trade regulations, and energy reforms. The podcast's inaugural episode, scheduled for Thursday,...
MTV Base to Host Music Day at Africa Creative Market
Popular entertainment brand, MTV Base, has announced its participation in the Africa Creative Market (ACM) with a dedicated "Music Day." Scheduled for Friday in Lagos, the event will feature panel discussions and activities aimed at elevating African music on the global stage. As a sponsor of the ACM, MTV Base will bring its Music Day to the gathering, providing a...
African Development Bank Commends Tinubu’s Economic Reforms, Offers Support for Food Security
The African Development Bank (AfDB) has lauded the economic reforms initiated by President Bola Tinubu, emphasizing their significance in addressing Nigeria's pressing economic challenges. The bank also expressed its commitment to supporting the country in various areas, including infrastructure development, agricultural productivity, and disaster relief. In a meeting with a high-level AfDB delegation led by the Director General for...
