Economy

Court remands Afriq Arbitrage CEO over $854K, N590m investment fraud

DailyTimesNGR DailyTimesNGR 11 June 2025 0

A Federal High Court in Abuja has ordered the remand of the Chief Executive Officer of Afriq Arbitrage System (AAS), Jesam Michael at the Kuje Correctional Centre over allegations of large-scale investment fraud involving $844,416.36, $10,000, and N590 million. The charges were brought by the

Economy

Global report advocates evidence-based approach to tobacco control

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY MOTOLANI OSENI A report on Tobacco Harm Reduction (THR) by Global Health Focus, an NGO said, and focuses on health consciousness has called on Nigeria to adopt a more evidence-based approach to tobacco control. The report titled, ‘Lives Saved Report: Nigeria & Kenya’ suggested that countries implementing harm reduction strategies, providing smokers with

Economy

PETROAN endorses Petroleumprice.ng to drive efficiency in downstream sector

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY TEMITOPE ADEBAYO The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has endorsed Petroleumprice.ng as the definitive platform for petroleum pricing, market intelligence, and digital marketplace services in the country’s downstream oil and gas sector. This endorsement follows a detailed evaluation of the platform’s capabilities in enhancing

Economy

Dangote Refinery drives U.S. oil demand as global crude prices rise

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY MOTOLANI OSENI Nigeria’s Dangote Oil Refinery is significantly boosting demand for U.S. West Texas Intermediate (WTI) crude, reinforcing economic ties between the two nations as global oil prices recorded their first weekly gain since mid-May. The refinery, which has an installed capacity of 650,000 barrels per day, is now purchasing a third of its […]

Economy

Heirs Technologies trains 100 young Africans in cloud, cybersecurity

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY TEMITOPE ADEBAYO Heirs Technologies has equipped 100 African tech professionals with the skills needed to thrive in the rapidly evolving technology landscape. The company is executing this vision through its dedicated training academy, i-Academy, an in-house talent development platform designed to skill and certify young African professionals. As part of the academy’s

Economy

Ebenezer Obey, KWAM 1 thrill Ijebu audience at Globacom’s Cultural Night

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY MOTOLANI OSENI The 2025 Ojude Oba festival commenced with a spectacular cultural night tagged “Evening with Glo,” organised by telecommunications giant Globacom and headlined by Juju legend Evangelist Ebenezer Obey Fabiyi and Fuji icon Wasiu Ayinde Marshall, popularly known as KWAM 1. Held on Friday evening in Ijebu Ode, the event marked Globacom’s 20th […]

Economy

Entrepreneurship: The catalyst to achieving Tinubu’s $1trn economy vision

DailyTimesNGR DailyTimesNGR 8 June 2025 0

BY TEMITOPE ADEBAYO As President Bola Tinubu’s administration intensifies efforts to reposition Nigeria’s economy, the ambitious $1 trillion GDP target stands as a bold vision aimed at transforming the country into one of the largest and most competitive economies in Africa. Achieving this target requires more than fiscal reforms and macroeconomic adjustments — it demands

Economy

Updating Global Poverty Data: Steering Towards Progress

DailyTimesNGR DailyTimesNGR 8 June 2025 0

By Tunde Opalana To advance on the World Bank Group’s mission to end poverty and boost shared prosperity on a livable planet it rely on strong data which is the bedrock for policy. Deon Filmer, Haishan Fu and Luis Felipe Lopez- Calva in the latest edition of the World Bank Newsletter said for 36 years, […]

Economy

Nigerian govt moves to tackle N30trn infrastructure deficit through tax credit roads

Ihesiulo Grace 7 June 2025 0

BY TEMITOPE ADEBAYO With Tax credit roads expected to close the N30 trillion infrastructure gap and serve as the gateway of development and shared responsibility across regions in the country, President Bola Ahmed Tinubu has commissioned the groundbreaking Lekki Deep Sea ports Tax credit roads in Lagos at the weekend. This is meant to unlock […]

Economy

NEITI alleges FOI misuse, urges crackdown on bogus NGOs

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY MOTOLANI OSENI The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised alarm over disturbing misuse of the Freedom of Information (FOI) Act by individuals and faceless groups posing as civil society organisations (CSOs) and non-governmental Organisations (NGOs) with no track record, known address, or institutional credibility. Speaking at a

Economy

FG pushes West African unity to boost regional economy

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY TEMITOPE ADEBAYO Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Tuggar, has advocated collaboration among West African States for a greater economic and regional integration by leveraging their shared market potential and demographic advantages. The minister asserted a Private Sector Roundtable in Lagos, as part of the build-up to the West Africa Economic Summit

Economy

AXA Mansard Investments empowers 200 working-class mothers

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY MOTOLANI OSENI An asset management firm and member of the global AXA Group, AXA Mansard Investments, has reaffirmed its commitment to women’s empowerment by sponsoring ‘The Mum Fund’ event — a powerful initiative that provided training, support, and financial education to 200 working-class mothers in Lagos. The event featured workshops, mentoring sessions, and

Economy

Asharami Energy, commits to local capacity devt, sustainable growth

DailyTimesNGR DailyTimesNGR 7 June 2025 0

Asharami Energy, a Sahara Group Upstream company, has restated its commitment to promote inclusive growth and local content development within Nigeria’s energy landscape through strategic investments, responsible operations, and collaborative partnerships with stakeholders in the upstream value chain. At the fifth edition of the Nigerian Oil and Gas Opportunity Fair

Economy

Nigeria strengthens competitiveness in Oil & Gas, says chamber

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY MOTOLANI OSENI The latest executive order by President Bola Tinubu to lower costs and enhance revenue from oil and gas projects is strengthening the competitiveness of doing business in Nigeria, says the African Energy Chamber (AEC). The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream

Economy

Savannah Energy posts $258.9m total revenue in one year

DailyTimesNGR DailyTimesNGR 7 June 2025 0

Savannah Energy Plc reported total revenues of $258.9 million in its unaudited results for the year ended December 31, 2024. The results revealed that Savannah Energy achieved its previously issued financial guidance for the year, with its total revenues as of December 31, 2024, standing at $258.9 million, six per cent ahead of the previously […]

Economy

Nigeria, Ghana to launch Africa local content forum.

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY TEMITOPE ADEBAYO Nigeria and Ghana are working in concert to catalyse African capacity and content inter-regionally that will accelerate job creation across the continent, support diversity and inclusion for a balanced workforce. To achieve this laudable initiative, the Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Commission of Ghana have

Economy

Abuja Continental excels at international Tourism Expo Fair

DailyTimesNGR DailyTimesNGR 7 June 2025 0

The International Hospitality & Tourism Expo and Forum (IHTEF) dubbed Abuja Hotel Expo, has boosted skills development, workforce empowerment, and sustainable practices within the country’s hospitality industry. At the event, Abuja Continental emerged the exceptional Housekeeping hotel in the prestigious Bed-Making Challenge competition organised by International

Economy

JMG extends warm Eid el-Kabir greetings to Muslim faithful’s

DailyTimesNGR DailyTimesNGR 7 June 2025 0

BY TEMITOPE ADEBAYO As Muslim families across Nigeria gather to mark this year’s Eid el-Kabir—a time of deep reflection, sacrifice, and unity—JMG Limited joins in celebrating the spirit of the season with heartfelt wishes for peace, joy, and renewed blessings. At JMG, we believe in the power of connection—not just through the integrated electromechanical solutions […]

Economy

Makinde Urged to Caution Omotoso, Housing Boss Over Land Grabbing

DailyTimesNGR DailyTimesNGR 3 June 2025 0

By Tunde Opalana Oyo State governor, Engr Seyi Makinde has been urged to investigate several land grabbing allegations against the Chairman of the state’s Housing Corporation, Mr. Demola Omotoso. Omotoso was accused of acting without regard to the rule of law in Oyo State as several petitions have been written against him to law enforcement […]

Economy

Effects of attacks on farmer could be catastrophic than hunger crisis – Expert warns FG

DailyTimesNGR DailyTimesNGR 3 June 2025 0

By Tunde Opalana A development expert, Ntiedo Ekott has warned the Federal Government to take proactive steps in curtailing the incessant attacks on farmers in parts of the country to avert crisis that could worsen national stability and development. Presently, he said continued violence against farmers is undermining Nigeria’s efforts to achieve food security and […]