Updates

Hunger Crisis: Nigerian Red Cross Society and Ecobank Nigeria Join Forces For Critical Intervention

February 20, 2024/Ecobank Nigeria The Nigerian Red Cross Society (NRCS) and Ecobank Nigeria have joined forces in a groundbreaking partnership aimed at tackling the severe hunger crisis ravaging Nigeria. The launch event, held at the Exclusive Serene Hotel in Abuja, marked the beginning of a critical campaign for local resource […]

NMDPRA undertakes pre-commissioning tour of AP’s upgraded Terminal which includes a new 24,000 MT LPG Receipt, Storage and Processing Infrastructure in Ijora, Lagos

February 19, 2024/CAMCAN Ardova Plc’s (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024. Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the facility by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) led […]

IMF Projects Nigeria’s Growth at 3% in 2024 from 2.9% in 2023

February 20, 2024/IMF On January 12, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment (PFA)1 and endorsed the Staff Appraisal on a lapse-of-time basis.2 Nigeria’s capacity to repay the Fund is adequate.  President Tinubu has moved ahead with important structural reforms: removing fuel […]