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Economics at championnews.com.ng

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PETAN advocates local content in Nigeria’s oil production, Pledges Support To Weed Out ‘Middlemen Businesses’

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UGO AMADI Petroleum Technology Association of Nigeria (PETAN) has reaffirmed its commitment to Support the federal government’’s effort to weed out ‘Middlemen Businesses’ ,as it advocates for local content in the nation’s oil production…

NOG: Enact enforceable local content laws to build capacity – Nestoil Limited

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UGO AMADI In a bid to ensure a robust local content for the nation, Nestoil Limited Chairman , Dr Ernest Azudialu-Obiejesi has called for the enactment of Local Content Laws that are enforceable to build and protect local capacity.…

NNPCL declares state of emergency on crude oil production

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.Calls for collaboration to reduce cost; .FG determined to improve oil production, says Lokpobiri

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Tinubu appoints new head of Housing Loan Board

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President Bola Tinubu has approved the appointment of Hajiya Salamatu Ahmed as the new Executive Secretary of the Federal Government Staff Housing Loans Board (FGSHLB). Dr Folasade Yemi-Esan, Head of the Civil Service of the Federation …

Minimum Wage: SSANU condemns slow pace in concluding negotiation

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The Senior Staff Association of Nigerian Universities (SSANU) has condemned the slow pace by government in concluding negotiation process on new national minimum wage for workers in the country. Mr Mohammed Ibrahim, National President of…

Alleged N2.7bn contract fraud: BPP Director testifies against Sirika

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An Economic and Financial Crimes Commission (EFCC) witness told an Abujja High Court that former aviation minister, Hadi Sirika’s company was not among five companies listed as bidders for the contract for the Apron Extension at Katsina…

Rising prices: Food vendor decries losses, searches for another lucrative trade

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Owing to the rising prices of foodstuff, a food vendor, Mrs Grace Iorshe, says she is looking for another lucrative trade to replace her food business. Iorshe told the News Agency of Nigeria (NAN), on Tuesday in Makurdi, that she had been…

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Foreign investment: EU-Nigeria trade hits €35bn in 2023 – Envoy

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The European Union (EU), says it remains Nigeria’s largest trading partner, with a total trade of almost €35 billion in 2023, accounting for about one-third of Nigeria’s foreign investment. Ms Samuela Isopi, the European Union Ambassador…

PwC Nigeria announces admission of three new partners

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COMFORT EKELEME, Business Editor PwC Nigeria has announced the admission of three new partners effective, 1 July 2024. They include Marilyn Obaisa-Osula (Consulting & Risk Services), Taiwo Oyaniran (Assurance), and Tim Siloma (Tax &…

Shettima demands prioritisation of local content, Made- in-Nigeria goods

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Vice-President Kashim Shettima on Tuesday called for the prioritisation of local content and promotion of Made-in-Nigeria products. Shettima made the call while declaring open a three-day National Manufacturing Policy Summit at the Banquet…

Reps introduced 1,351 bills in one year, say it’s highest ever

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The House of Representatives, said it introduced 1,351 bills in the first session of its sittings, which it claimed is the highest number in any first session since 1999, out of which 89 were passed. The Deputy Speaker, Rep. Benjamin Kalu,…

Reps probe CBN’s N1.12trn Anchor Borrowers’ Programme, NIRSAL’s N215bn loan

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.As AGF takes over alleged N6.6bn fraud case against Polaris Bank staff The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and…

Tuesday, Jul 2

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OPEC forecast energy demand increase by 23% by 2045

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UGO AMADI The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025. OPEC says the rise will be fueled by a world economy that is expected to double in size, growing from …

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Kenyon International CEO, Dr Victor Ekpenyong, advocates for local workforce development at Mozambique Next Gen Conference 2024

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The Chief Executive Officer of Kenyon International, Dr Victor Ekpenyong, will speak at the Generation Ready Mozambique Conference 2024, advocating for investment in local talent and workforce development as a sustainable strategy for the…

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Cardoso tasks sub-regional financial institutions on money laundering, cybersecurity regulations

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The Governor of the Central Bank of Nigeria (CBN), has urged Non-Bank Financial Institutions (NBFI) in the West African Monetary Zone (WAMZ) to strengthen anti-money laundering practices. Cardoso said this on Monday in Abuja, in his…

Monday, Jul 1

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Aiteo terminates contracts with surveillance security providers

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Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPCL joint venture on OML 29, has terminated its contracts with Amotoi Global Services and other surveillance security providers. Mr Victor Okoronkwo, Group…

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NCDMB affirms commitment to achieve 70% local content by 2027 – Executive Secretary

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The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to achieve 70 per cent local content by the year 2027. As part of efforts in keeping with the agency’s 10 year road map. Mr Felix Ogbe, Executive…

Egbin Power launches Innovation Hub to equip future leaders, ignite creativity

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In a move that underscores its commitment to advancing education, Egbin Power, Nigeria’s leading power generation company, has commissioned an innovation centre designed to equip students with entrepreneurial, practical, and creative…

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LSETF gives N10bn to 500,000 businesses within eight years

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IBRAHIM QUADRI Lagos State government says it has disbursed N10 billion to 500,000 businesses since inception in the State as a form of empowerment, hereby creating jobs for Lagosians. This was done through the Lagos State Employment Trust…

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NSE President champions Tech-driven, interdisciplinary training for Young Engineers

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The President of the Nigerian Society of Engineers (NSE), Mrs. Margaret Aina Oguntala, has recommended the empowerment of young engineers through quality teaching techniques, leveraging technology and promoting interdisciplinary learning.…

Sunday, Jun 30

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Reps C’ttees’ halt sale of Kaduna Polytechnic assets

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Jonas Ezieke, Abuja The House of Representatives Committee on Public Assets has directed the Management of Kaduna Polytechnic, the Ministry of Education and the Presidential Implementation Committee on government property to put a stop to…

Electricity tariff hike: Most varsities will go bankrupt –UNIBEN VC

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The Vice Chancellor of the University of Benin, Professor Lilian Salami, has lamented the heavy toll the recent over 300 per cent electricity tariff hike has taken on Nigerian universities with most of the public institutions on the verge…

MTN Foundation’s Odunayo Sanya Urges Private Sector to Join Forces for Better Healthcare in Nigeria

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Odunayo Sanya, Executive Director of MTN Foundation, has urged stakeholders in the healthcare industry to come together to address the skills gap and improve healthcare outcomes in Nigeria. Speaking at the CLI College graduation ceremony…

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Stop Cyberbullying Day: 9mobile sues for responsible online behaviour

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Blessing Taiwo A telecommunications company, 9mobile harped on building a respectful and responsible online community as it staged a virtual programme to commemorate the 2024 Stop Cyberbullying Day. The online session which took place on X…

Salpha Energy wins Ashden Awards (patron HRH King Charles III) for outstanding climate innovation

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Salpha Energy has won the Ashden Award for Energy Innovation (Global South), supported by the Department for Energy Security and Net Zero. The annual Ashden Awards revealed their 2024 winners at London Climate Action Week, the largest city…

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The $3 Billion conundrum: Nigeria’s battle against illegal oil refineries

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The post The $3 Billion conundrum: Nigeria’s battle against illegal oil refineries appeared first on Champion Newspapers LTD.

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REA MD, Aliyu To Deliver Pivotal Energy Transition Initiative At Oriental News Summit

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UGO AMADI The Ag. Managing Director and Chief Executive Officer, MD/CEO of the Rural Electrification Agency, REA, Abba Abubakar Aliyu, will be addressing key energy professionals and other government officials on the Agency’s current drive…

Optimism as Nigeria tames inflation

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Kenechukwu Aguolu According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 33.95% in May 2024, the highest level recorded in 28 years. However, there is a glimmer of hope as the month-on-month inflation…

On the Purchase of Two New Presidential Aircrafts

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Kenechukwu Aguolu The recent recommendation by the House of Representatives Committee on National Security and Intelligence for the Federal Government to purchase two new presidential aircrafts for the President and Vice President of…

03

DPO, market chairman deposit corpse of suspected beggar who slumps , died in Onitsha morgue

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PHIL OKOSE, Onitsha Traders at Haruna street market, Onitsha, Anambra State, have lauded the market chairman, Chief Emmanuel Idoko and the Onitsha Main market Divisional Police Officer, DPO, Mrs. Joy Ikpeama, for their prompt action in…