...Lekki Deep sea port roars to life As president observes historic offloading from container ship. Commissions rice mill, Bestaf lubricant plant --first-of-its-kind in West Africa. ...Chinese Ambassador: Lekki Deep sea proof investment climate in Nigeria can be trusted. President Muhammadu Buhari on Monday officially inaugurated the Lekki Deep Sea Port located in Itoke village, Ibeju-Lekki,…
China likely accelerated the pace of crude oil stockpiling last year. Since China doesn’t report crude oil inventories, it’s all guesswork as to just how much crude the country has stashed over the past year. IEA: China’s reopening is set to drive global oil demand to a record high of 101.7 million barrels per day…
Meta Platforms Inc., the parent company of social media applications, Facebook, Instagram and WhatsApp, said extra measures have been put in place to ensure the safety and security of the Nigerian Public and the integrity of the 2023 electoral process during the polls. At its Africa Headquarters on Victoria Island Lagos, Tuesday, Meta, during its…
With less than two weeks to the expiration date of the old naira notes, the Central bank of Nigeria, CBN embarked on an enlightenment campaign to educate traders on the need to begin to accept the new banknotes as legal tender for their daily transactions at the popular Ogbe Ogonogo market in Asaba, Delta state…
U.S. Treasury Secretary Janet Yellen met Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the two nations try to thaw relations. Yellen’s first face-to-face meeting with Vice Premier Liu He was the highest-ranking contact between the two countries since their presidents…
The Governor of the Central Bank of Nigeria (CBN), resumed duty at the apex bank’s headquarters in Abuja Monday after spending his annual leave abroad. Emefiele had been out of the country since December, 2022, amidst certain accusations by the Department of State Services (DSS). A statement signed by Osita Nwanisobi, CBN’s Director, Corporate Communications,…
Despite earlier intervention by the Nigerian Senate, seeking an extension of the January 31st deadline for the phasing out of the old banknotes to 30th June, 2023, the Central bank of Nigeria (CBN) has started alerting Nigerians via SMS messages on its deadline date just as some depositors Besieged banks with bags stuffed with the…
Nigerian Business tycoon and Founder/Chairman, BUA Group, Abdul Samad Rabiu has emerged as Africa’s fourth-richest man. According to a data obtained from Forbes, the Nigerian recorded $7.6 billion net worth to displace Egypt’s richest person, Nassef Sawiris from the fourth position on the continent. The New Diplomat reports that Rabiu enjoyed huge success in the…
Three civil society organisations (CSOs) have dragged the Niger Delta Development Commission (NDDC) to court over alleged failure to furnish them with its 2020 Budget breakdown in line with the provisions of the Freedom of Information (FoI) Act. The CSOs; Foundation for Environmental Rights, Advocacy & Development (FENRAD), Social Development Integrated Centre (Social Action) and…
