World Bank Supports Nigeria’s Growth with New Financing 

Adetutu A. ARD 7 October 2024

The World Bank has stepped up its support for Nigeria with a new financing initiative aimed at driving inclusive growth and diversifying the country’s revenue sources. This move is crucial for improving the economic situation, creating jobs, and reducing poverty across Nigeria. 

Okonjo-Iweala Praises Nigerians’ Entrepreneurial Spirit Amid Challenges 

Adetutu A. ARD 1 October 2024

As Nigeria marks its 64th Independence Anniversary, the Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has commended Nigerians for their resilience and entrepreneurial drive, despite the hardships facing the country.  Celebrating Nigeria’s Resilience  In a post on X.com (formerly Twitter) on Tuesday, Okonjo-Iweala highlighted the strength

Innoson Begins Delivery of CNG Buses to Nigerian Government

Racheal A. ARD 28 September 2024

Innoson Vehicle Manufacturing has delivered 25% of the 100 CNG-powered buses ordered by the Nigerian government to promote affordable, locally produced transportation. This initiative, led by President Tinubu, aims to reduce the impact of fuel subsidy removal while boosting local manufacturing and promoting eco-friendly transportation solutions. Innoson Delivers First

Afe Babalola to FG: Allow Dangote Sell Petrol at Lower Rates 

Adetutu A. ARD 23 September 2024

Dangote Refinery Afe Babalola, founder of Afe Babalola University (ABUAD) in Ado-Ekiti, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to allow Dangote Refinery to sell fuel directly to Nigerians at a lower rate. Babalola criticized NNPCL’s monopoly, saying it prevents Nigerians from benefiting from potentially lower fuel

Understanding NNPC’s New Petrol Pricing, How It Benefits Nigerians and Strengthens Our Economy

Racheal A. ARD 16 September 2024

NNPC Ltd. has released new petrol prices from Dangote Refinery, with discounts passed directly to Nigerians. These changes bring affordable fuel, job creation, and long-term economic growth, empowering individuals and businesses to thrive. Introduction to the New Petrol Pricing The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the estimated pump

Dangote Refinery Petrol Loading. A Path to Economic Growth and Stability

Racheal A. ARD 15 September 2024

In preparation for the Dangote Refinery’s scheduled petrol loading – ARDnig The Nigerian government is launching local petrol production through the Dangote Refinery, starting September 15, 2024. This move aims to reduce import dependency, stabilize the Naira, and provide a more reliable fuel supply, benefiting the economy and the citizens. The Start of Local

FG Postpones N150bn Loan Disbursement for Manufacturers to September 

Adetutu A. ARD 19 August 2024

Dr. Doris Uzoka-Anite The Federal Government has postponed the start of the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises (MSMEs) to September. This update was confirmed by the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, during a meeting in Calabar, Cross River State, with current and potential

Customs to Forfeit ₦188.4 Billion Revenue Due to Food Import Regulations 

Adetutu A. ARD 13 August 2024

The Nigerian Customs Service (NCS) is facing a significant revenue loss due to new food import regulations. The forfeited revenue, estimated at ₦188.4 billion, is a result of stricter rules aimed at controlling the importation of certain food items into the country.  New Food Import Rules  Recently, the government has implemented new policies to reduce […]

Innoson Promises Affordable CNG Buses Soon, Urges Patience with Tinubu’s Administration 

Adetutu A. ARD 9 August 2024

The Founder/CEO of Innoson Vehicle Manufacturing, Mr. Innocent Chukwuma,with President Bola Ahmed Tinubu The Founder and CEO of Innoson Vehicle Manufacturing, Mr. Innocent Chukwuma, has announced plans to make transportation cheaper for Nigerians by introducing Compressed Natural Gas (CNG) powered buses. These buses are expected to hit the roads soon, offering a more

Economy Blackout: National Grid Collapse and Oil Theft Impact in Nigeria 

Adetutu A. ARD 6 August 2024

National Power Grid-ARDNig Parts of Nigeria are experiencing an economy blackout due to the collapse of the national grid. This is not the first time the grid has failed, causing widespread power outages across the country. The repeated failures of the national grid have serious consequences for businesses, households, and the economy.  Impact on Businesses […]