Developing a social investment plan that utilizes proceeds from the oil and gas sector is critical to stimulating impactful growth across the African continent. This view was shared recently by Camillo Atampugre, the Director of Resources and Energy, Absa Securities, United Kingdom, while laying bare Absa Investment’s focus which aims …
Read More »CBN Sanctions Exporters with Unrepatriated Export Proceeds from Banking Services
The Central Bank of Nigeria (CBN) has announced the prohibition of all Nigerian exporters who are yet to repatriate their export proceeds, from banking services effective from January 31, 2021. The apex bank has a standing policy that instructs exporters to repatriate exports within 90 days for oil and gas and 180 …
Read More »ICT 13.8% GDP contribution to double Oil and Gas in two years
The minister of Communications, Dr Isa Ali Ibrahim Pantami, has said with the recent figure released by the National Bureau of Statistics (NBC), Information and Communications Technology’s contribution to Gross Domestic Product (GDP) of 13.8% is anything to go by then it will be more than double of Oil and …
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