Category: Business News
Business News
Before the petrol subsidy is removed
Ultimately, two things are essential; the political will to remove the subsidy in a pre-election year, and achieving significant domestic refining. Finally, there should be a strong commitment that savings would be channelled into education, health, water, sanitation, SMEs, and poverty alleviation.
FG to end petrol subsidy June 2022, World Bank condemns N2.9tn funding
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.
Sahara Group plans $1bn LPG investment in Nigeria, others
An energy and infrastructure conglomerate, Sahara Group, has said it will invest over $1bn to enhance access to Liquefied Petroleum Gas in Africa and emerging economies in a bid to boost energy transition on the continent.
Kyari bags “The Sun Man of The Year” Award
Kyari received the award in a ceremony attended by eminent Nigerians at the Eko Hotel & Suites, Lagos on Saturday. They include the former Secretary to the Government of the Federation, Ambassador Babagana Kingibe; Kano State Governor Abdullahi Umar Ganduje, Ondo State Governor Rotimi Akeredolu; Edo State Governor Godwin Obaseki; Former Abia State Governor Orji Uzor Kalu; captains of industries and seasoned public servants.
Ikeja Electric announces 132kv lines upgrade, parts of lagos may experience outage
According to him” The TCN is currently embarking on the upgrade of 132 KV lines from Ikeja West to Ota and this activity is phased into four stages. This is the second stage and TCN is upgrading the 132kv lines with more robust and sophisticated replacements which provide an opportunity to increase power evacuation for improved supply to customers as well as offering excellent conductor capacity which can withstand very high voltage.”
Schneider Electric launches Partnerships of the Future
Schneider Electric, the leading firm in digital transformation, energy management and automation, has showcased pioneering energy management innovations and partner programs during its “Partnerships of the Future fueling sustainability and efficiency”.
Total Energies, NNPC to strengthen partnership
Kyari disclosed this when the new President, Exploration and Production of TotalEnergies, Nicolas Terraz and his delegation visited him in Abuja, on Friday.
DPR targets N3.2 trillion revenue by December 2021
“This year, our revenue budget was N3.2 trillion. By the end of August 2021, we have generated up to 70 per cent.
East Africa’s energy future shines bright – investors are watching
The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.
Despite climate change, AfCFTA offers economic opportunities —Osinbajo
On the issue of climate change, Prof Osinbajo probed, “how is the African insurance industry preparing for the interesting days ahead?”