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Buhari wants to leave legacy of functional refineries, but how can he do it? Timipre Sylva, Nigeria’s minister of state for petroleum, has tried to justify the $1.5 billion the government plans to spend on the rehabilitation of the derelict Port Harcourt Refinery. Speaking on Sunday during a Channels Television programme, Sylva said President Muhammadu […] Read Full Story

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Inflation tops discussion as MPC meets today

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Nigeria’s Monetary Policy Committee (MPC) commences its second meeting for the year 2021 today, and will tomorrow announce policy decision on interest rate direction for an economy that sluggishly exited recession in the fourth quarter of 2020. Maintaining the status quo may likely play out after the meeting, as most analysts polled by BusinessDay expect […] Read Full Story

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Digital economy to drive growth, create jobs says Emefiele

To further expand the economic pie, Nigeria needs to build a solid digital economy, by focusing on digital infrastructure, especially internet connectivity, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) said on Saturday. Other focus areas include digital literacy and skills, digital financial services, digital platforms, and digital entrepreneurship and innovation. Represented by […] Read Full Story

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Five things to know to start your day

What next after Milan court acquits Shell, Eni of corruption charges in Malabu scandal? An Italian court yesterday acquitted oil companies Royal Dutch Shell PLC and Eni SpA, along with the latter’s chief executive, of bribery in connection with oil-drilling rights in Nigeria, ending a three-year trial that had shone a spotlight on the energy […] Read Full Story

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Setback for infrastructure development as ICRC boss, Izuwah, dies at 55

Chidi Izuwah

The director- general/chief executive of the Infrastructure Concession Regulatory Commission (ICRC), Chidi Izuwah, has passed on at the age of 55. The sad event took place Tuesday, March 16, 2021, after a protracted illness, according to sources within the organisation. His death marks a huge setback to the nation’s quest for infrastructure development, a project […] Read Full Story

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Coronavirus

88 official sites you can get COVID-19 vaccination in Lagos

The Lagos State government has listed 88 official sites where residents eligible for COVID-19 vaccination across the 20 local government areas can get vaccinated. Residents who fall in the category of healthcare workers, COVID-19 response team (RRT), ports of entry staff, laboratory network, judiciary, military, police and other security agencies, petrol station workers, teachers, press […] Read Full Story