News

We’ll promote secondary production, value-chain system for economic growth in Oyo – Economic Adviser

Ihesiulo Grace 24 January 2020 0

The Oyo State government says it will promote secondary production and establish value-chain system to upscale agro-processing activities in the state. Dr Musbau Babatunde, the Chief Economic Adviser to Gov. Seyi Makinde said this in an interview with the News Agency of Nigeria (NAN) in Ibadan

Tech

Nigerian engineers undergoing training in China on transformers production

Ihesiulo Grace 17 October 2019 0

Nigeria is to work closely with China for the production of Nigerian-made transformers by 2020, a top ranking Nigerian official said on Thursday. Engr. Mohammed Haruna, the Executive Vice Chairman, National Agency for Science and Engineering Infrastructure (NASENI), who made this known in an interview in Abuja, said that the aim of the partnership was […]

Nollywood

Nollywood Industry influencing African Culture

Ihesiulo Grace 23 March 2018 0

Since its emergence at the turn of the twenty-first century, the Nigerian movie industry “Nollywood” has had a profound influence on African culture. The Nigerian accents, style of dress, and behaviours of the people, all of which are Nigerian cultural practices are now being transmitted as images around the globe.   In Nigeria, the role […]

Business

Rice production gets a boost as Buhari inaugurates mill in Kano

Ihesiulo Grace 11 December 2017 0

In what could be best described as a major boost to local rice production, and in the country’s quest to attain self-sufficiency in rice production and reduce importation of the commodity to the barest minimum, a new 288 metric tonnes per day capacity Amarawa Rice Mill has been inaugurated in Kano. As part of activities […]

Business

OPEC: Oil rig count rises after deal extension

Ihesiulo Grace 3 December 2017 0

Few days after the Oganisation of Petroleum Exporting Countries, OPEC, extended the already-extended production cut deal to end-2018, oil and gas rigs in the US climbed by 6. The boost to the number of oil and gas rigs in the US is likely just a taste of what’s to come if oil prices continue to […]

Business

OPEC meets Thursday on ‘tougher policy’ talks

Ihesiulo Grace 29 November 2017 0

OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally. “It will not be an easy meeting and we always look at various scenarios,” United Arab Emirates Energy Minister Suhail Al-Mazroui said on […]

Business News

Nigeria’s GDP grows by 1.40% in Q3 2017

Ihesiulo Grace 20 November 2017 0

Nigeria’s nation’s Gross Domestic Product (GDP) grew in third quarter (Q3) 2017 by 1.40% (year-on-year) in real terms, the second consecutive positive growth since the emergence of the economy from recession in Q2 2017. This growth is 3.74% points higher than the rate recorded in the corresponding quarter of 2016 ( –2.34%) and higher by […]

Oil & Gas

Natural Gas, Crude Oil Production Falls in February

Ihesiulo Grace 21 March 2015 0

The domestic production of both natural gas and crude oil fell in February on a year-on-year basis. Natural gas production in the country fell 8.1 per cent for the month of February 2015 while crude oil production fell 1.9 per cent, according to the data released by the Ministry for Petroleum and Natural Gas. The […]