April 16, 2021
  • April 16, 2021

Articles Posted by Editor

DPR debunks NEITI claim on lack of accurate data on oil production

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The Department of Petroleum Resources (DPR) has debunked the claim by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the country’s daily crude oil production remains unknown despite over 60 years of exploratory activities. In a statement in Abuja by the DPR’s Head of Public Affairs, Paul Osu, the regulatory agency for the oil and […]

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China’s economy grows 18.3%, biggest GDP jump since 1992

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China’s economy grew a record 18.3 percent in the first quarter of 2021 compared with -6.8 percent decline in the first quarter of last year. It’s the biggest jump in the Gross Domestic Product (GDP) since China started keeping quarterly records in 1992. However, Friday’s figures are below expectations, with a Reuters poll of economists […]

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Ghana signs MoU with chocolate firms to protect 5.9 mln hectares of the cocoa-forest

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Ghana has signed an agreement with cocoa and chocolate companies to accelerate collaboration to protect and restore forests in the country’s cocoa-growing areas. With the agreement, the World Cocoa Foundation (WCF) and the Forestry Commission of Ghana (GFC) are building a partnership to further align the Ghana Cocoa Forest REDD+ Programme (GCFRP) and the Cocoa […]

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Nigeria partners AfDB, others to set up Special-Agro Industrial Processing Zones

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…AfDB pledges $300 mln support By Samuel Bankole Nigeria plans to set up a Special-Agro Industrial Processing Zones (SAPZ) Programme aimed at concentrating agro-processing activities in demarcated areas to boost productivity and integrate production, processing and marketing of selected commodities. According to Vice President Yemi Osinbajo, the project would be in partnership with the African […]

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Abuja chamber seeks policy direction on digital currency

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…Proposes setting up of presidential commission on cryptocurrency The Abuja Chamber of Commerce and Industry (ACCI) has urged the federal government to set up a Presidential Commission to review cryptocurrency policy frameworks globally as a step toward providing clear direction for the adoption of digital currency policy in the country. The chamber in a statement […]

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No accurate data on Nigeria crude oil production, says NEITI

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True data on Nigeria crude oil production, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said. According to the NEITI Executive Secretary, Orji Ogbonnaya-Orji, the exact amount of crude oil produced in Nigeria had remained unknown because of the absence of meters at wellheads […]

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SEC decries registrars role in frustrating e-dividend process

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The Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, has said that some capital market operators (CMO) are frustrating the electronic-dividend (e-dividend) mandate process and has vowed to sanction such operators. “The commission has observed that certain Capital Market Operators (CMOs) frustrate the e-dividend mandate process. “We have observed that the growth in […]

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