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FG attracted $1.27bn capital from BRICS countries – Shettima

Vice President Kashim Shettima has disclosed that Nigeria attracted $1.27bn in foreign capital from BRICS countries by June 2024, marking a significant rise from the $438.72m recorded during the same period in 2023. The BRICS bloc comprises Brazil, Russia, India, China, and South Africa, alongside newer members including Iran, Egypt, Ethiopia, and the United Arab...
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Nigeria-China trade relations hit $22.6bn in 2023

Vice President Kashim Shettima has revealed that Nigeria-China trade relations reached $22.6bn in 2023, making it one of the highest trade volumes between China and any African country. Shettima’s spokesman, Stanley Nkwocha, disclosed this on his official X (formerly Twitter) page on Wednesday. Nkwocha quoted Shettima to have said so while addressing a Chinese delegation,...
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Nigerian ports can compete globally – Terminal operators

The Seaport Terminal Operators Association of Nigeria has said that the 2006 port concession exercise has better positioned Nigerian ports to compete globally. The Chairman of STOAN, Vicky Haastrup, stated this in a statement when he hosted the Nigerian Ports Consultative Council, led by its Chairman, Bolaji Sunmola, who paid a courtesy visit to STOAN....
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AP unveils blending plant, boosts partnerships

Indigenous integrated energy company, Ardova Plc, has unveiled a state-of-the-art lubricant oil blending plant with a production capacity of 150 million litres per annum and a storage capacity of 14 million litres to meet the demands of the Nigerian market. The announcement of the new plant was made at the ‘AP Lubricant Distributors’ Forum’ held...
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Nigeria suffers $9bn post-harvest loss yearly – Don

The Director of Teaching and Research Farms, Joseph Sarwuan Tarka University, Markudi, Prof Felix Ugese, has disclosed that Nigeria loses about $9bn annually as a post-harvest loss. He stated this while speaking on the theme “Unlocking Agricultural Potential for Economic Growth” at the Agroween Festival 2024, organised by the Intergenerational Rescue Foundation in collaboration with...
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NAICOM approves name change for insurance company

Specialist life insurance company, Capital Express Life Assurance Limited, has revealed that the insurance industry regulator, the National Insurance Commission, has approved its name change. This was disclosed by the Managing Director/Chief Executive Officer, Mr Mathew Ogwezhi, at the 23rd Annual General Meeting of the company which was held on Tuesday at the company’s head...
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Ministers, others to discuss local content at NCDMB summit

Industry leaders, including ministers, National Assembly members, as well as oil and gas stakeholders are expected to gather in Yenagoa, Bayelsa for the 2024 edition of the Practical Nigerian Content Conference and Exhibition. The event is slated to be held from December 2 to 5 at the Nigerian Content Tower, Yenagoa. Themed ’Deepening the Next...
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Axxela appoints new CEO as Osunsanya retires

Axxela Limited, a gas and power portfolio company in sub-Saharan Africa, has announced the official retirement of its Chief Executive Officer, Bolaji Osunsanya, and the appointment of a successor. Consequently, the company announced the appointment of Ogbemi Ofuya as the new Group Chief Executive Officer. A statement on Sunday by the company’s Corporate Communications Manager,...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...