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Indonesia’s First Commercial Flight Using Palm Oil-Blended Jet Fuel Takes Off

Jakarta, Indonesia - In a significant step toward promoting sustainable aviation and reducing fuel imports, Indonesia's flag carrier, Garuda Indonesia, successfully conducted its first...
Africa

BURN Manufacturing to Open New Plant in Lagos After Issuing Sub-Saharan Africa’s First Green Bond

Lagos, Nigeria - BURN Manufacturing, a global leader in clean cookstove production and distribution, has announced plans to open a new manufacturing plant in...
Business News

Gabriel Ogbechie Advocates Increased Crude Oil Production to Tackle Nigeria’s Economic Challenges

Abuja, October 26, 2023 — Gabriel Ogbechie, the Group Managing Director of Rainoil Limited, emphasized the urgent need for Nigeria to increase its crude...
Business News

Nigeria’s Economic Crisis in 2023: Naira’s Decline, Soaring Food Prices, and Loan App Survival

Nigeria's Economic Crisis worsens  as the value of the Naira continues to plummet in the face of escalating foreign exchange (FX) shortages. In the...
Business News

Petroleum Training Institute Celebrates Successful Completion of Modular Refinery Project and Training Initiative

Effurun, Delta State, Nigeria — The Petroleum Training Institute (PTI), a subsidiary of the Federal Ministry of Petroleum Resources, is making headlines with its...
Business News

High Cost of Rent Frustrate Residents in Lagos Amidst Inflation and Skyrocketing Living Expenses

Lagos, Nigeria – Lagos which is Nigeria's economic hub and also most populous city, is currently battling with increasing cost of rent that have...
Business News

Unlocking Digital Skills: Federal Government and Wema Bank’s ALAT Collaborate to Train 3 Million Nigerians to boost Economic Growth

The Federal Government of Nigeria has collaborated with Wema Bank's digital platform, ALAT, to launch the FGN/ALAT Digital Skillnovation Programme for Youth and Micro,...
Business News

IMF’s Initiative to Stabilize Nigerian Naira: Implications and Hope for Economic Recovery

Marrakech, Morocco - In a recent statement at the World Bank Group/IMF Meeting, the International Monetary Fund (IMF) acknowledged the ongoing pressure on the...
Business News

Sony to Invest $10 Million in African Entertainment Startups, with a Focus on Nigeria, South Africa, Kenya, and Ghana

In a groundbreaking move, Sony Group's entertainment division is set to invest a substantial $10 million in early-stage entertainment startups across multiple African countries....
Business News

African Trade: Standard Chartered Report Highlights the Promising Future of African Trade and AfCFTA

In a recent report, titled "Future of Trade: Africa," Standard Chartered has shed light on the outlook for African trade, emphasizing the African Continental...
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