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Shell Empowers A Bold Move: Announces Agreement To Sell Nigerian Onshore Oil Business To Renaissance Consortium

Shell Empowers a Bold Move: Announces Agreement to Sell Nigerian Onshore Oil Business to Renaissance Consortium

Sunday Alabi 0

In a significant move within the energy sector, Shell has officially confirmed reaching an agreement to divest its Nigerian onshore oil business, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to the Renaissance consortium. This consortium comprises four exploration and production companies based in Nigeria, along with an international energy group. The deal, while…

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Nigeria Governors Face Backlash Over Lavish Foreign Trips And Lack Of Returns

Nigeria Governors Face Backlash Over Lavish Foreign Trips and Lack of Returns

Sunday Alabi 0

In the last three years, Nigeria governors have come under intense scrutiny for their extravagant spending on foreign trips, sparking concerns about the prudence of resource management. Shockingly, the total expenditure on overseas travels amounts to at least N21.04bn, a figure that has alarmed citizens and raised questions about the tangible outcomes of such expenditures….

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Nigerian Telecom Market Skyrockets: Projected Positive Surge To $11.43 Billion By 2029

Nigerian Telecom Market Skyrockets: Projected Positive Surge to $11.43 Billion by 2029

Sunday Alabi 0

The Nigerian telecom market is poised for substantial growth, with a recent report from market intelligence firm Mordor Intelligence forecasting a market value of $11.43 billion by 2029. This projection indicates a notable increase from the current market value of $9.09 billion. The report attributes this expected surge to a cumulative average growth rate (CAGR)…

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Nigeria'S Economic Recovery: President Tinubu'S Optimistic Outlook

Nigeria’s Economic Recovery: President Tinubu’s Optimistic Outlook

Sunday Alabi 0

In a significant address at the Dan Anyiam Stadium in Owerri, President Bola Ahmed Tinubu expressed a hopeful vision for Nigeria’s economic future. Emphasizing the need for change, President Tinubu lamented the past decades marred by the mismanagement and embezzlement of public resources under the subsidy regime. He pointed out that a few individuals had…

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Empowering Nigeria'S Energy Future: Federal Government Grants 13 New Licences, Unleashing 40.9Mw For A Resilient Power Grid

Empowering Nigeria’s Energy Future: Federal Government Grants 13 New Licences, Unleashing 40.9MW for a Resilient Power Grid

Mayowa Bolaji 0

Federal Government Issues 13 New Licences for Electricity Generation In a significant move to boost the country’s power sector, the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has granted 13 new licences in the third quarter of 2023. These licences cover a spectrum of activities, including off-grid and embedded power generation, independent electricity…

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President Tinubu'S Praise For Funke Akindele And Nigerian Cinema Sparks Economic Boom In Creative Industry

President Tinubu’s Praise for Funke Akindele and Nigerian Cinema Sparks Economic Boom in Creative Industry

Mayowa Bolaji 0

Presidential Acknowledgment of Creative Industry’s Impact President Tinubu’s recent commendation of Funke Akindele and her box office success underscores the increasing recognition of the Nigerian creative industry’s substantial economic impact. This acknowledgment extends beyond mere artistic expression, highlighting its role as a potent source of soft power and cultural export. The president’s commitment to fostering…

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Vp Kashim Shettima Positively Commands A Surge, Propelling Nigeria'S Economic Influence To New Heights At Davos Summit

VP Kashim Shettima Positively Commands a Surge, Propelling Nigeria’s Economic Influence to New Heights at Davos Summit

Mayowa Bolaji 0

Vice President Kashim Shettima Heads to Davos for World Economic Forum Vice President Kashim Shettima, at the behest of President Bola Ahmed Tinubu, GCFR, has embarked on a significant diplomatic mission to represent Nigeria at the 2024 Annual Meeting of the World Economic Forum in Davos, Switzerland. This move underscores Nigeria’s commitment to active participation…

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Stalemate Between Nigeria Super Eagle &Amp; Equatorial Guinea: 1-1 Group A Afcon Battle

Stalemate Between Nigeria Super Eagle & Equatorial Guinea: 1-1 Group A AFCON Battle

Sunday Alabi 0

The opening minutes of the match saw Nigeria Super Eagle taking the initiative with a strong attacking presence. Alex Iwobi’s right-footed shot from outside the box in the 1st minute signaled their intent, but Equatorial Guinea’s goalkeeper made a crucial save. The Nigeria Super Eagle team continued to press forward, earning free kicks and creating…

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Nigeria'S Economic: Afreximbank'S $3.3 Billion Boost Transforms Nigeria'S Economic Landscape

Nigeria’s Economic: Afreximbank’s $3.3 Billion Boost Transforms Nigeria’s Economic Landscape

Mayowa Bolaji 0

Afreximbank’s $3.3 Billion Crude Oil Prepayment Facility for Nigeria The African Export-Import Bank (Afreximbank) has taken a significant step in addressing Nigeria’s economic challenges by confirming the initial disbursement of $2.25 billion from the recently approved $3.3 billion crude oil prepayment facility. This crucial financial support aims to alleviate the acute foreign exchange (FX) shortage…

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Femi Falana Reveals Constitutional Misinterpretation In The Call For State Police To Solve Nigeria'S Crisis

Femi Falana Reveals Constitutional Misunderstanding in the Call for State Police to Solve Nigeria’s Crisis

F.M P 0

Renowned Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, recently shared his perspective on the demand for state police in Nigeria, emphasizing a crucial misunderstanding of the constitutional structure of the current Nigerian police. During an interview with Seun Okinbaloye of Channels TV, Falana highlighted key constitutional provisions shaping the nature of law…

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