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- Biz & Economy
- September 1, 2025
- 54 views
- 10 minutes Read
Non-oil Exports as Fulcrum of Sustainable, Diversified Economy
James Emejo writes that federal government must sustain the current growth momentum in the non-oil sector which has contributed to stabilising the macroeconomy in recent times Non-oil exports, comprising goods and services that sold to other nations excluding crude oil and its derivatives, remain a key economic buffer for the country, providing for a more resilient, inclusive, and sustainable economy.Amid current efforts to diversify the base of the Nigerian economy, investments in infrastructure, policy reforms, and…
Read more- Biz & Economy
- September 1, 2025
- 65 views
- 3 minutes Read
Stock Market Extend Weekly Downward Momentum, Drops by N439bn
Kayode Tokede The Nigerian stock market extended its downward trend last week by N439 billion loss, sustaining the investors profit-taking momentum from the previous week trading activities. The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 0.50 per cent week-on-week to close at 140,295.50 basis points. Consequently, the Month-till-Date (MtD) and Year-till-Date(YTD) return moderated to +0.3per cent and +36.3per cent, respectively. In tandem, market capitalisation dropped by N439 billion to close the week at N88.769…
Read more- Biz & Economy
- September 1, 2025
- 50 views
- 2 minutes Read
STOAN Congratulates NPA Boss on Election as IAPH Vice-President
Oluchi Chibuzor The Seaport Terminal Operators Association of Nigeria (STOAN) has congratulated the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on his election as Vice-President of the International Association for Ports and Harbours (IAPH). In a statement issued over the weekend, the Chairman of STOAN, Vicky Haastrup, described Dr. Dantsoho’s election as a landmark achievement for Nigeria and a recognition of his leadership qualities, professional acumen, and the growing importance of the…
Read more- Hot News
- September 1, 2025
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- 2 minutes Read
Expert Tasks FG on Designing Domestic Refining Development Framework
Expert Tasks FG on Designing Domestic Refining Development Framework
Hammed Shittu in Ilorin
A multi dimensional energy expert, Abdulrazaq Hamzat, at the weekend called on the federal government to urgently design a Domestic Refining Development Framework (DRDF) that will serve as a pathway to ensure competition and fair market balance in the oil sector of the country.
The enery expert however urged the federal government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian National Petroleum Company Limited (NNPC Ltd) to consider the proposed framework to achieve the desired result in the sector.
Speaking with newsmen in Ilorin yesterday on the state of the nation, Hamzat said that, such designs would go a long way of boosting local competition and accelerate the socio-economic development of the country.
According to him, “Nigeria has conquered one aspect of its petrol challenges with the success of Dangote refinery but reliance on a single privately owned mega refinery poses long term risks to pricing, supply security, and energy sovereignty therefore calling on government to develop framework for local refining competition.”
While commending Dangote’s $20 billion refinery as a landmark private investment, he stressed that true national benefit lies not in monopoly, but in a competitive domestic refining ecosystem.
According to him, It is unwise to encourage fuel importation just to create competition for Dangote.
The post Expert Tasks FG on Designing Domestic Refining Development Framework appeared first on THISDAYLIVE.
Hammed Shittu in Ilorin A multi dimensional energy expert, Abdulrazaq Hamzat, at the weekend called on the federal government to urgently design a Domestic Refining Development Framework (DRDF) that will serve as a
The post Expert Tasks FG on Designing Domestic Refining Development Framework appeared first on THISDAYLIVE.
- Biz & Economy
- September 1, 2025
- 62 views
- 2 minutes Read
Addosser Finance Celebrates Historic Opening of First Regional Branch
Addosser Finance, a member of the Addosser Ecosystem, celebrated a historic milestone with the grand opening of its first regional branch in Bodija, Ibadan, Oyo State, on August 26, 2025. This vibrant event, held at the new office in the heart of Ibadan, brought together distinguished dignitaries, industry leaders, board members, and loyal customers, marking a bold step in the institution’s expansion beyond Lagos to empower individuals, SMEs, and Corporates across Oyo State with its innovative…
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