5,000 African SMEs, Entrepreneurs for Google Hustle Academy

By Adedapo Adesanya Nigeria will accept and work with a production quota of 1.5 million barrels of crude oil per day in 2024 as the country aims to grow on the back of its oil resources, following a revision done by the Organisation of the Petroleum Exporting Countries and its allies, OPEC+. According to a statement issued by the Press and Public Relations unit of the Ministry of Petroleum Resources, Thursday’s meeting of the 23-man group addressed crucial aspects, including the completion of assessments by independent sources (IHS, Wood Mackenzie, and Rystad Energy) on the projected production levels for Angola,

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEM) and the unregulated Peer-to-Peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, November 29 as President Bola Tinubu reiterated his administration’s promise to meet its obligations. Speaking during the presentation of his administration’s N27.50 trillion 2024 budget proposal to the joint session of the 10th National Assembly on Wednesday, Mr Tinubu said, “Despite the challenges, we continue to meet our obligations.” In the official NAFEM segment of the market, the value of the local currency went

By Adedapo Adesanya Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85 per cent ownership in oil and gas lease OML 128, including the unitized 20.21 per cent stake in the Agbami oil field, operated by Chevron. Speaking on the deal, Equinor’s senior vice president for Africa Operations, Ms Nina Koch, said Nigeria has been an important part of Equinor’s international portfolio over the past 30 years, noting that, “This transaction realizes value and is in line with Equinor’s strategy to optimize its international oil and gas

By Adedapo Adesanya  Angola, one of Africa’s top crude oil producers and a key member of the Organisation of the Petroleum Exporting Countries (OPEC), has officially rejected the proposed production quota for the year 2024 and may even exit the group. This was signalled by Mr Diamantino Pedro Azevedo, Angola’s Minister of Energy and Mineral Resources, confirming the nation’s decision and indicating a divergence from OPEC’s suggested allocations for both member and non-member countries. The announcement was made during the 26th OPEC+ Meeting on Thursday, where the organisation proposed 1.11 million barrels of crude oil per day production quota for

By Adedapo Adesanya Ministers at the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, have lauded the investment pledges amounting to nearly $14 billion that were committed by private Indian companies. The Ministers, alongside the President, Mr Bola Tinubu, are in the South Asian country, seeking to woo investors before the commencement of the G20 Summit starting later this week. Some of the investments range from fertilizer production to steel production to telecommunications, to power generation. On his part, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who addressed the roundtable themed Building Partnerships

By Dipo Olowookere The National Insurance Commission (NAICOM) has directed insurers and reinsurers operating in Nigeria to submit their recapitalisation plan on or before Tuesday, August 20, 2019. In a circular signed by Mr Pius Agboola, the Director in charge of Policy & Regulation Directorate at NAICOM, the insurance companies must in the plan categorically state their capital status based on an earlier circular issued in May 20, 2019, the the agency had announced a recapitalisation policy for the industry. The agency noted that this capital status would be based on the last Audited Financial Statements. It further said the

By Adedapo Adesanya Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to probe the allegations that $2.1 billion and N3.1 trillion in public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019, as documented by the Auditor-General of the Federation. SERAP, in the first letter to the new president, charged him to “name and shame anyone suspected to be responsible for the alleged widespread and systemic corruption in the use of oil revenues and the management of public funds budgeted as fuel subsidy and to ensure

By Modupe Gbadeyanka Organisers of the 2017 Spak National Science Competition have released names of 81 finalists with the highest scores out of those who wrote the qualifying examination. These finalists would be invited to participate at this stage of the competition, which would be recorded and transmitted on TV/ Social media across Nigeria and Africa. The SPAK competition was designed basically for senior secondary school students in charting the ideal career path and driving them towards full optimization of their potentials and the fulfilment of their dreams. SPAK is an annual competition used in encouraging the study of science

By Jude Adeyinka The preliminary theme of the most competitive analysis is a question: Who is your competition? That’s because most companies view their competition as another brand, product, or service. However, insightful leaders and establishments go extensive. The question is not who your competition is but what it is. The realistic response to this is this: Your competition is any and every difficulty your consumers bump into along their journeys to using your company’s products.  To reinforce my point, I will give a little illustration. When I read about the fintech industry in Nigeria – I see a lot

By Dipo Olowookere Sport loving Nigerians, especially the car racing freaks, will have a unique opportunity of being part of the forthcoming Formula 1 Malaysian Grand Prix, which will run between September 28, 2016 to October 2, 2016 in Kuala Lumpur, Malaysia, Lyxvara Concierge, has disclosed. Lyxvara Concierge, the firm packaging the programme in Nigeria, is a first class sport tourism, which has its headquarters in Lagos. The 18th edition of the Formula 1 Malaysia Grand Prix is the first time it has been moved in the F1 calendar for many years. Coming right after the Singapore F1 Grand Prix,

By Dipo Olowookere Last week, Japaul was the worst-performing stock on the floor of the Nigerian Exchange (NGX) Limited, losing 23.68 per cent to close at 29 Kobo per share. It topped the chart containing 40 other price losers in the week, higher than 26 depreciating stocks of the previous week as the appetite for local equities continues to decline due to disappointing macroeconomic conditions. Courteville decreased by 21.43 per cent to 44 Kobo, University Press went down by 18.87 per cent to N1.72, PZ Cussons dropped 17.07 per cent to N8.50, while Honeywell Flour declined by 14.49 per cent

The ever-evolving job place, with growing access to the internet has driven E-conext to take a critical look at the nature of work, employment search and online education. The e-learning platform, www.e-conext.com, recently identified online courses which will help develop new skillsets and alleviate poverty with global opportunities to work from home in companies like Facebook, Amazon in Europe and America while in Nigeria. Online learning is a form of distance education that uses the internet to promote interaction between students and content, teachers, and other students. E-conext provides top courses ranging from content writing to digital marketing, emotional intelligence,