Economy+ December 2018

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrels. Shell engineer Shell’s Media Relations Manager, Bamidele Odugbesan, in a statement, said the…

As Edo indigenes return home for the Yuletide celebration, there is renewed interest in the offerings at Emotan Gardens estate, the 1800-unit affordable housing project being developed by the Edo State Government and Mixta Nigeria, a renowned…

President Muhammadu Buhari on Thursday commissioned an ultra modern Fertilizer blending plant in Ebonyi, the first in the South East and South South zones. President Buhari has had to defend himself against clone allegations as crazy as…

Lafarge Africa Plc, on Monday December 17, 2018, announced the commencement of its 2018 Rights Issue. The offer has been approved by The Securities and Exchange Commission (SEC). Lafarge Africa is to raise N89.2 billion by way…

The Developing- 8 organisation also known as the D-8 has said that it was optimistic it would generate over one trillion dollars from the health sector alone with the cooperation and collaboration of member states. Dr Ado…

An early-stage investment fund in the United States of America, Kairos, has listed Nigeria’s CowryWise as one of its “50 world-changing startups to watch in 2019.” The automated investing platform was shortlisted out of a pool of…

The Federal Government has opened discussions with international stakeholders in the automobile sector to kick-start a pilot programme on electric vehicles (EV), it has been revealed. This is in line with the global trend in vehicle electrification…

The Federal Government is planning a new structure that would see the reduction in tariff on vessel acquisition, and importation of spare parts for vessel maintenance. The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside,…

Two microinsurance companies will soon commence operation as they were on the verge of securing regulatory approval to do so, in a bid to insure about 80 million low income earners in the country. The two microinsurers,…

Impact Hub announces the second phase of the Hack Edo in Benin City tagged “Power4Edo”. The project, which is a collaborative effort by the Edo State Government, Siemens, Impact Hub Lagos and Edojobs has proven that technology-driven…