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31 MDAs adopt FG’s revenue optimisation platform
Total of 31 ministries, departments and agencies (MDAs) of government have adopted the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R) to improve overall transparency in Federal Government financial operations. This was disclosed, Tuesday, during a…
Airbus cites ‘severe bottlenecks’ over A350, A320neo delivery delays
Commercial aircraft manufacturer, Airbus has blamed ‘severe bottlenecks’ for the delays experienced in delivery of the A350 and A320neo family aircraft to customers. According to the manufacturer, the delays could stretch from one month to four years. Explaining the delay,…
Cement firms report impressive Q1 growth, applaud reformed forex for stabilizing industry
Nigeria’s cement manufacturing firms, including; BUA, Dangote and Lafarge have reported impressive first quarter financial statements. The growth comes amid claims of inclement operating environment riddled with high operating costs, logistics, and other overheads which have seen the market price…
Shareholders approve new name for Lafarge Africa
Shareholders of Lafarge Africa have approved a resolution to change the company’s name to HBM Nigeria Plc. I According to a notice filed with the Nigerian Exchange (NGX) Limited on Tuesday, the decision was taken at the firm’s 67th annual…
Dismantling limits: Cherry unveils e-SUV that sails across rivers like boat
Frank Okon Chery has pushed the boundaries of electric off-road technology with the unveiling of the Jetour G700, a plug-in hybrid SUV capable of floating across rivers and functioning like a boat in emergency situations. The development highlights the increasingly…
Nigeria unveils UNDP-backed mine-tech innovation hub to drive industrial growth
Victor Nze Nigeria has launched the Mine-Tech University Innovation Pod geared towards repositioning tertiary institutions to become drivers of industrial growth br transiting from raw minerals export to a mining economy. Also known as the Mine-Tech UniPod, the initiative located…
Nigeria’s PMI drops in April
Nigeria’s economic activities shrunk to 49.4 points from its previous 50-point threshold, according to the Central Bank of Nigeria (CBN). The CBN which disclosed this in its newly-released Purchasing Managers’ Index (PMI) report for April 2026, noted that the…
Project Freedom: Oil prices surge, equity markets sink on Hormuz clashes
Frank Okon The confrontation between United States and Iran over the control of the Strait of Hormuz rattled the global commodity and equity markets on Monday when Iran claimed it hit a US warship, raising fears that bombs would soon…
UN demands ceasefire sanctity amid Hormuz tensions
Ziggy Ojiegbe UN Secretary-General António Guterres has called on the United States and Iran to continue negotiations to end their weeks-long conflict, warning that there is no military solution as tensions persist around the Strait of Hormuz. Speaking through his…
Dangote Refinery reaches 87% installed capacity in March
As debate rages over fuel pricing in Nigeria Sopuruchi Onwuka Nigeria’s largest refining facility, the Dangote Petroleum Refinery, reached 87 percent capacity utilization in March, marking its highest operational level since commencing production and signaling a major shift in efficiency…
