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BUSINESS

NNPCL plans to end fuel shortage in 10 years

The Nigerian National Petroleum Company Limited has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this Tuesday at the opening ceremony of the seventh edition of the Nigerian International Energy Summit held in Abuja. In a statement by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, assured stakeholders of the company’s commitment to work […]

todayFebruary 28, 2024 11

BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

todayFebruary 28, 2024 23

BUSINESS

FG plans over $3tn for energy transition

The Minister of State for Petroleum Resources (Oil), Dr Heineken Lokpobiri, has disclosed that Nigeria will spend a total sum of $3.1tn to transit from fossil fuel to cleaner and renewable energy. Lokpobiri said the nation had projected $1.9tn for energy transition plan, while $1.2tn was estimated for renewable energy plan in 2060, making a sum of $3.1tn altogether. He made this known at the 54th Annual Meeting of the […]

todayJanuary 19, 2024 25

BUSINESS

Deputy Speaker plans six-month peace project for S’East

A not-for-profit organisation, the Peace in South East Project, has unveiled a six-month action plan geared towards implementing its eight pillars of thematic focus to bring about peace in the region an initiative of the Deputy Speaker of the House of Representatives, Benjamin Kalu, is an intervention strategy with a focus on the use of non-kinetics means to address the security challenges in the South-East zone. Unveiled on December 29, […]

todayJanuary 15, 2024 15

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