In furtherance to its humanitarian services and ensuring that the world becomes a better place, the rotary club of Lagos has donated ten boreholes to Cocker community in Ifo local government, Ogun State. Speaking at the commissioning ceremony of the project yesterday in Ogun State, the President, Rotary Club of[Read More…]
Author: Godwin Anyebe
Gofam Communications announces digital platform for MediaConsortium
MediaConsortium a brands, business and marketing magazine has gone online, with the url- www.mediaconsortiumng.com Gofam Communications, owners of the all gloss magazine, made this known via a statement on Wednesday in Lagos. It says the idea is to give the magazine an online presence and to enable it service the[Read More…]
OPEC Says Nigeria’s Oil Output Rises By 4% To 1.235 mb/d
Nigeria’s oil output rose by four per cent month-on-month, MoM, to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in November 2022. On Year-on-Year, YoY performance, the nation’s oil output also increased to 1.235 mb/d in December 2022, from 1.197 mb/d in the corresponding period of[Read More…]
Subsidy: Fed Govt Borrowing To Import Fuel – Minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of global economic recession this year, but stressed that Nigeria’s foreign exchange reserves were healthy enough to withstand the[Read More…]
FCCPC to collaborate with SON, NAFDAC to enforce regulation, penalties
The Federal Competition and Consumer Protection Commission (FCCPC), through Babatunde Irukera, the Vice Chairman and Chief Executive Officer, said the commission moved into the 2023 activities with a plan to enforce more penalties. The Commission boss noted that there would be more collaboration with Standards Organisation of Nigeria (SON) and[Read More…]
McEnies Global Communications begins 2023 on a high note ….emerges Event and PR Agency of the Year at Brand Impact Awards
An upwardly mobile wholly owned Nigerian company with vast expertise in strategic, integrated marketing services and digital marketing, McEnies Global Communication has begun 2023 on a high by emerging Event and PR Agency of the Year at Brand Impact Awards 2022. The award was organized to celebrate the first anniversary[Read More…]
Oil Prices Set For $105 On Global Demand Growth
Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter. However, the oil market is expected to return to deficit in the second half of the year. China’s re-opening and[Read More…]
FG Disburses N173bn For Uniform Fuel Price Nationwide
The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources showed. PMS price equalisation is done by the Federal Government through the Nigerian Midstream and Downstream[Read More…]
Export Intervention Loans Now N44bn
The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export Facilitation Initiative, the Bank provided support for export-oriented projects to the tune of[Read More…]
Banks, Customers Must Approach 2023 With Partnership Mindset – Adeduntan
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]