Business

Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG

By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
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Piracy: PFSO urges FG to increase security for Egina

Port Facility Security Officers, PFSO , yesterday, called on the Federal Government to re-enforce security at the ‘M. T. Egina’ with a   view to protecting the investments in the facility, against the backdrop of porous state of security on the nation’s coastal and territorial waters.

ERGP Focus Labs to boost economic diversification — FG

The Federal government says the proposed Economic Recovery and Growth Plan (ERGP) Focus Labs will focus on moving the economy away from an oil-dependent and fragile economy to a strong, diversified and inclusive one.

Glut looms as buyers reject Nigerian crude

Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying interest for Nigerian crude, traders said. This is coming as Angola launches big oil block.

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