Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
Soludo: Delta, Anambra should become Nigeria’s twin growth hubs
*Calls for post-summit investment partnerships*Proposes dress code for future investment summits to drive jobs By Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko Akuopha ASABA—Governor Chukwuma Soludo of Anambra State has called for deeper economic collaboration between Delta and Anambra states, describing both as natural “twin growth hubs” capable of driving regional prosperity, while urging […]
Oyedele: Delta must turn oil wealth into prosperity
…Says execution, not resources, creates wealth By Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko Akuopha ASABA— Minister of Finance and Coordinating Minister for the Economy, Mr. Taiwo Oyedele, Monday, challenged Delta State to convert its abundant natural resources into sustainable prosperity, stressing that wealth is created through sound execution rather than the mere possession […]
Elumelu backs Delta as investment destination, seeks power sector partnership
By Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko Akuopha Chairman of Heirs Holdings, Mr. Tony Elumelu, has endorsed Delta State as one of Nigeria’s emerging investment destinations, declaring that the state is ready for profitable investments while calling for a partnership with the state government to unlock its huge power potential. Speaking at the […]
Shettima woos investors with Delta’s vast economic potential
…Advocates healthy rivalry among states …Says comparative advantage holds key to prosperity By Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko Akuopha ASABA—Vice President Kashim Shettima, Monday, urged local and foreign investors to take advantage of Delta State’s enormous economic potential, declaring that healthy competition among states, driven by their comparative advantages, remains the surest […]
Delta unveils $100m fund to attract investors
…Provides N137.8bn fund to de-risk private investments ..Vows speedy execution of investment agreements By Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko Akuopha ASABA — Delta State Government has announced a $100 million, equivalent to N137.8 billion, as a Viability Gap Fund to de-risk private sector investments, pledging the speedy execution of agreements reached at […]
Delta can rival Lagos as Nigeria’s growth engine – Okonjo Iweala
“These opportunities were not available 10 or 15 years ago. The question is whether we will seize them or allow them to go elsewhere”
Avuru outlines roadmap to build competitive Delta economy
…Advocates maritime reforms, industrial parks, commercial agriculture By Babajide Komolafe, Economy Editor & Egufe Yafugborhi ASABA—Founding Chairman, Seplat Energy and Chairman of the Delta State Economic and Investment Summit, Mr. Austin Avuru, has outlined a roadmap for building a competitive Delta economy, urging the state government to prioritise maritime reforms, industrial parks and commercial agriculture […]
Nigeria spared as seven OPEC+ producers raise output by 188,000 bpd
Nigeria was not part of the meeting because it is not participating in the additional voluntary production adjustment arrangement, meaning the latest output increase does not affect its production plans.
MAN seeks tax harmonisation, stable policies to boost manufacturing
The Manufacturers Association of Nigeria (MAN) has called for urgent tax harmonisation, improved infrastructure, reliable energy supply and a predictable regulatory environment to strengthen the country’s manufacturing sector. The appeal was made at the 41st Annual General Meeting (AGM) of the Ogun Branch of MAN in Abeokuta, with the theme: “Building a Resilient Manufacturing Sector: Surmounting […]
Nigerian manufacturers need more than macro reforms to grow —CFG Advisory
Nigeria needs a coordinated industrial growth strategy, beyond macroeconomic reforms, to unlock investment in the manufacturing sector and accelerate economic expansion. Chief Executive Officer of CFG Advisory, Mr. Tilewa Adebajo, stated this in an interview on CNBC Africa. He noted that reforms such as exchange rate liberalisation and broader macroeconomic adjustments should be regarded as the […]
