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Tag Archives: Nigeria

Op-Ed: Nigeria’s Future: Tackling Growth Challenges

AS Nigeria prepares for a future with a projected population of 400 million by 2050, accompanied by the overwhelming statistic of 70 percent of the population being under the age of 30, it is evident that the country is on the brink of significant demographic shifts. With this demographic transition …

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Fidelity Bank Sponsors Energy Cross River 2024 Conference

THE Energy Cross River Conference 2024 held in Cross River State, Nigeria, has set the state on a new trajectory towards sustainable energy development. The two-day conference and exhibition featured plenary sessions and panel discussions on redefining the energy architecture of the state using sustainable fuels. The event was declared …

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Nigeria Is The 22nd Country With Cheapest Cost Of Petrol

NIGERIA has been placed 22nd on the list of nations with the lowest petrol prices, according to a survey that compares the costs of gasoline (petrol) in various nations. Newsextra24 reports the average cost of gasoline worldwide is 1.30 US dollars per litre, according to a research titled “Gasoline Prices, Octane-95” that …

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Nigeria, Saudi Arabia Sign Deal On Energy Cooporation

NIGERIA and Saudi Arabia have signed a Memorandum of Understanding aimed at enhancing energy cooperation between the two nations and promoting capital investment. In a statement on Thursday, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, signed on behalf of the Federal Government, while the Energy Minister …

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Nigeria, Cuba Partner On Food Security

THE Federal Government has signed a Memorandum of Understanding (MoU) with the Republic of Cuba on food security and agricultural advancement. The Director of Information, Office of the Vice President, Olusola Abiola, in a statement on Sunday, said the Minister of Agriculture and Food Security, Abubakar Kyari, signed the MoU …

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Angola Overtakes Nigeria As Top African Crude Oil Producer

Angola has now emerged the topmost crude oil producer in Africa, upstaging Nigeria as the latter’s output level hits a new low. The direct communication data in the April 2023 monthly oil market report (MOMR) of the Organization of Petroleum Exporting Countries (OPEC) shows that Angola recorded 1.06 million barrels …

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Nigeria, Benin, Niger, Togo Power Consumers Owe Discos N1.4tn

ELEVEN power distribution companies have lost over N1.4tn in revenue to the non-payment of electricity bills by Nigerians and consumers in Benin, Niger and Togo. In Nigeria, many customers supplied electricity by the Discos are issued invoices based on meter bands and the number of hours supplied every 30 days, …

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