Category: Business

NNPCL CEO Laments Pipeline Vandalism, Assures Nigerians of Refinery Rehabilitation

The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has expressed deep concern over the rampant vandalism of oil pipelines across the country. In an interactive session with members of the Senate Committee on Petroleum (Downstream) in Abuja on Tuesday, Kyari revealed that over 5,000 kilometers of oil pipelines […]

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Nigeria’s inflation rate soars to 27.33% in October

Nigeria’s inflation rate surged to 27.33% in October, the highest level in over 16 years, according to data released by the National Bureau of Statistics (NBS) on Wednesday. This represents a 0.61 percentage point increase from the 26.72% recorded in September. The NBS attributed the rise in inflation to the removal of petrol subsidies and […]

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Nigeria: President Tinubu seeks multi-billion dollar infrastructure finance from Islamic Development Bank

President Bola Tinubu of Nigeria has advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. The development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of […]

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Coca-Cola and Nestle accused of misleading eco claims

Coca-Cola, Danone and Nestle have been accused of making misleading claims about their plastic water bottles being “100% recycled”. A consumer body and two environmental groups have issued a legal complaint to the European Commission over the alleged greenwashing. They argue that the bottles are never made wholly of recycled materials. Coca-Cola said its packaging […]

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African Economic Conference to focus on green and sustainable industrialisation

The African Development Bank (AfDB), the UN Economic Commission for Africa (ECA), and the UN Development Programme (UNDP) will jointly host the 2023 African Economic Conference (AEC) in Addis Ababa, Ethiopia, from November 16-18. The conference, to be held in a hybrid format at the UN Conference Centre, will bring together African ministers, UN partners, […]

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Nigerian telecom regulator launches hackathon to promote innovation.

The Nigerian Communications Commission (NCC) has launched a hackathon to promote innovation in the telecommunications sector and address industry and societal challenges. The NCC Talent Hunt Research through Hackathon focuses on three thematic areas:Blockchain-enabled data protection solutions for enhancing regulatory compliance, assistive technology solutions for the elderly and people with disabilities and technology solutions for […]

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