The United Arab Emirates has announced it is withdrawing from OPEC and the broader OPEC+. According to Reuters, UAE withdrawal is a significant setback to the oil-producing bloc and its de facto leader, Saudi Arabia, at a time when the ongoing Iran war has triggered a major global energy shock. The departure of the UAE,…
” In our budget proposals for 2025, we estimated over N531 billion for capital expenditure but was allocated a mere N9 billion. This is unacceptable, as it will hinder any significant investment in exploration, which is crucial for generating the geo-data that will attract major players.” Those were the words of the Minister of Solid…
A new tomato processing factory and farm expansion by the Spanish multinational group, GB Foods have been commissioned in Gafara, Ngaski Local Government of Kebbi State. Abubakar Kyari, the Minister of Agriculture and Food Security, commissioned the tomato Processing factory, weekend, on behalf of President Bola Tinubu. “I am happy that GB Foods is the…
The President of the Dangote Group, Alhaji Aliko Dangote, has said that the investment-friendly policies of Governor Dapo Abiodun prompted his return to the reconstruction of his cement plant project located at Itori, Ewekoro Local Government Area in Ogun State. Construction of the Itori plant project originally began on December 23, 2023, with an anticipated…
It is a 10-year period within which we will have advanced manufacturing to a stage where we go beyond the nine percent, 10 per cent contribution to GDP to as high as 20 to 25 per cent.”
“In export development, the scheme is performing relatively well in the services sector, including international catering, shipbuilding and repairs, oil and gas, and aviation management services,” said the NEPZA MD.
A Federal High Court in Abuja, today, granted bail to Chioma Okoli in the sum of N5 million with two sureties. Chioma Okoli was previously arrested and detained in September 2023 over her review of a tomato product manufactured by Erisco Foods Limited. Okoli was arraigned on Tuesday, May 28, 2024 before Hon. Justice Peter…
