Flowerbudnews The Nigerian government has been advised by the International Monetary Fund to eliminate what it has described as hidden subsidies on fuel and electricity. In a recent report from the IMF, Nigeria was informed that subsidies are expected to consume three percent of the country’s Gross Domestic ProductContinue Reading
By Biola Lawal Flowerbudnews: NNPC Exploration and Production Limited (NNPC E&P Ltd.), NNPC Ltd.’s flagship upstream subsidiary, and Natural Oilfield Services Ltd. (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO), have announced the successful commencement of oil production at Oil Mining Lease (OML)Continue Reading
By Flowerbudnews An Enugu North Magistrate Court, on Friday, executed a Warrant for Possession of Premises occupied by Aqua Rapha Investment Company Ltd for a wholesale business in Enugu. The company used the rented apartment at No. 4 Savage Crescent, GRA, Enugu as depot for distribution of her productsContinue Reading
Flowerbudnews Lagos: The Maritime stakeholders had said that the country was losing $1tn annually to the non disbursement of the Cabotage Vessels Financing Fund (CVFF). The stakeholders in the Marine and Blue Economy disclosed this on Thursday in Lagos at the Maritime Stakeholders Group Meeting with the newContinue Reading
By Biola Lawal Ede (Osun State) Flowerbudnews: Osun state-based business Mongul, Alh. Rahman Tunde Olayiwola has advised President Bola Ahmed Tinubu to revolutionalise agriculture in Nigeria with grant-to-farmer option and not loan. Speaking in an exclusive interview with Flowerbudnews in Ede, Alh. Olayiwola popularly known as RTO, explainedContinue Reading
By Danladi Ahmed Flowerbudnews: Nigeria has prioritised and moving closer to completing the first phase of the Presidential Power initiative (PPI), mostly powered by Siemen of Germany which will add 2,000 megawatts to the power grid and set the country on the path to efficient power supply. The TinubuContinue Reading
By Bayo Onanuga Flowerbudnews: Former Vice President and Peoples Democratic Party Presidential Candidate in the 2023 election, Alhaji Atiku Abubakar, is fast developing a reputation for distorting and manipulating facts for his self-serving objective of discrediting the current administration. In his latest press statement, the defeated PDP presidential candidateContinue Reading
By Flowerbudnews The Enugu Electricity Distribution Company (EEDC) has clarified falsehood and put the record straight on misinformation on its operation and services offered to the people of the South-East. This is contained in a statement issued and signed by EEDC’s management on Tuesday in Enugu. The statement saidContinue Reading
By bloomberg.com/news/articles/… (Flowerbudnews): Nigeria’s credit rating outlook has been lifted by Fitch Ratings to positive from stable, six months after it said that reform progress since President Bola Tinubu came to power in May of last year was faster than it anticipated, reports Anthony Osae-Brown for Bloomberg “The PositiveContinue Reading
