Economy

The Off-Grid Energy Challenge is a joint effort by the USADF and All On to develop, scale-up or extend the use of renewable off-grid energy technologies to reach communities not served by existing power grids. 

This was the view of Michael Armstrong, the Institute of Chartered Accountants in England and Wales’s Regional Director for the Middle East, Africa and South Asia, who spoke at the 48th Annual Accountants’ Conference.

The Senate on Tuesday began investigation into the alleged mismanagement of over $3.8 billion fuel subsidy fund by the Nigeria National Petroleum Corporation.

The immediate past Governor of Delta State, Dr. Emmanuel Uduaghan, has disclosed that over 30 per cent of farmland in the Niger Delta region has been lost to this year’s ravaging flood.

The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged the Federal, state governments and the organised private sector to resolve the differences in the ongoing negotiation for a new national minimum wage.

The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, says the planned $7 billion Nigeria Liquefied Natural Gas Limited Train 7 plant will be done in-country by mostly Nigerian companies.

The Nigerian National Petroleum Corporation has denied claims that it has in its custody $3.5 billion subsidy fund.

The Federal Government has disbursed N1.23 billion to 22,245 poor households across the 21 local government areas of Kogi State under its Conditional Cash Transfer programme.

The National President of the Union, Olabode Johnson made the appeal on Tuesday in Abuja while addressing newsmen on its planned 40th anniversary.

The News Agency of Nigeria reports that John-Jonah announced this while presenting the income and expenditure financial statements for the months of August and September in Government House, Yenagoa, in line with the administration’s…

The Niger government on Tuesday said that it would collaborate with the Federal Government to rehabilitate both federal and state roads to boost socio-economic activities in the state.

No fewer than 10,000 petty traders in Ogun on Tuesday accessed the “Trader Moni” collateral-free loan of the Federal Government to expand their business activities.

The News Agency of Nigeria reports that the market capitalisation inched N113 billion or 0.95 per cent to close at N11.946 trillion against N11.833 trillion recorded on Monday.

President Muhammadu Buhari says there are vast opportunities for Nigeria and Namibia to cooperate in areas like agriculture and trade.

At the Bureau De Change window, the Naira was sold at N360 to the dollar, while the Pound Sterling and Euro closed at N477.5 and N413.

Obafela Bank-Olemoh, Special Adviser to the Governor on Education made the disclosure on Tuesday in Lagos.

The National Bureau of Statistics said the average price per litre paid by consumers for National Household Kerosene increased to N297.28 in September from N288.75 recorded in August.

Barkindo, who spoke at the IHS CERA conference urged producers and companies to increase their production capacities and invest more to meet current demand.

AppZone, the leading banking and payment service provider for microfinance banks in Nigeria, has emerged winner of the “Best Microfinance Technology Solutions Provider” at the 2018 National Association of Microfinance Banks Conference and…

Microsoft co-founder, Paul Allen, died of cancer at age 65, his family and Vulcan Inc., which was founded by Allen, said in a statement on Tuesday.