News

By Bassey Udo The consumer price index, (CPI), which measures the rate of inflation in the economy grew from 15.92 percent in March 2022 to16.82 percent (year-on-year basis) in April 2022, the National Bureau of Statistics (NBS) said in its latest report. On a month-on-month basis, the NBS said headline…

PICTURE CAPTION L-R: Depot Manager, Asharami Synergy, Mayowa Ilesanmi; Head, Sahara Downstream Business, Foluso Sobanjo; Head, QHSSE, Asharami Synergy, Abiba Badmus, and Head, Technical, Asharami Synergy, Jeffery Egbadon, in Ikeja, Lagos Asharami Synergy Limited, a Sahara Group Downstream Company, says its investments in technology and innovative solutions were aimed at…

By Bassey Udo To boost the country’s productivity and growth, Nigerians must move away from the current revenue sharing formula and focus on a formula that ensures the country’s resources were shared on the basis of productivity, one of the Presidential aspirants of the Peoples Democratic Party (PDP), Peter Obi,…

By Bassey Udo The ongoing Russia-Ukraine war has necessitated the creation of a new public payment system that connects various payment systems around the world, the International Monetary Fund (IMF) has said. The IMF Managing Director, Kristalina Georgieva, who made the proposal said a new payment system would help counter…

By Bassey Udo The quest for integration in the Economic Community of West African States (ECOWAS) will be impossible without the enforcement of Community’s Court judgments, the National Council of Human Rights (NCHR) has said. A trainer in Human Rights, National Council of Human Rights (NCHR), Côte d ‘Ivoire, Hassane…

MEDIATRACNET The ongoing Russia-Ukraine war has further aggravate liquidity challenges of most African economies and constrain their capacity to recover from the negative impact of the global COVID-19 pandemic, economic experts have said. The experts spoke at the margins of the 54th session of the Economic Commission for Africa Conference…

By Bassey Udo To deepen Nigeria’s gas revolution, NiPCO Gas Limited and Femadec Express have entered partnership to expand Nigeria’s natural gas-powered vehicles beyond the current 7,000 in the country. NIPCO Gas Limited is a subsidiary of NIPCO Plc with mandate to inaugurate gas Infrastructures to facilitate the use of…

MEDIATRACNET Sahara Foundation, the corporate citizenship vehicle of Sahara Group, has launched the second phase of the Sahara Impact Fund (SIF) and the Governance Unusual Programme to support social innovators effort to create solutions towards increased access to clean energy and sustainable environments. Sahara Group said the project reinforces its…

By Halimah Yahaya The Federal Government must ensure the effective enforcement of internal democracy under the Electoral Act, 2022, the Director of the Abuja School of Social and Political Thoughts, Sam Amadi, has said. Amadi, who is the former Chairman of the Nigerian Electricity Regulatory Commission (NERC), stressed the importance…

By Bassey Udo The reimbursement of fuel marketers’ transportation differentials for petroleum products bridging is a priority to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the industry regulator said on Thursday. The agency was reacting to media reports by the Independent Petroleum Marketers Association of Nigeria (IPMAN) accusing…