1. IMF retains Nigeria’s 3.2% economic growth projection
The International Monetary Fund has retained Nigeria’s 3.2 per cent economic growth projection for 2023 in its recent world economic outlook update.. Read more
Source: https://punchng.com/imf-retains-nigerias-3-2-economic-growth-projection/
2. Navy arrests 27 vessels, deactivates 294 illegal refinery sites
The Eastern Naval Command of the Nigerian Navy has arrested 27 vessels engaged in illegal bunkering and crude oil theft. They also deactivated 294 illegal refinery sites… Read more
3. Nigerians Accuse Shell of Causing Delay in Oil Spill Lawsuits in London
Shell Plc is attempting to shield itself from scrutiny over pollution in Nigeria’s oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians have argued at a London’s High Court, allegations which the company strongly denied… Read more
4. BUA gives 22 Nigerian tertiary institutions N5bn grant
Twenty-two tertiary institutions have secured a N5.5 billion grant from the Abdul Samad Rabiu Africa initiative.. Read more
Source: https://punchng.com/bua-gives-22-nigerian-tertiary-institutions-n5bn-grant/
5. NCAN: Nigeria can Earn over $2.7bn Annually from Cashew Production
The President, National Cashew Association of Nigeria (NCAN), Mr. Joseph Ajanaku, has stated that Nigeria could earn over $2.7 billion on annual basis by increasing its production capacity to about 1 million metric tonnes per year.. Read more
6. Petroleum Ministry Seeks Stronger Ties with NIPSS on Knowledge Exchange
The Ministry of Petroleum Resources and the National Institute of Policy and Strategic Studies (NIPSS) have pledged to collaborate in pursuit of stronger ties to ensure effective knowledge exchange between the two organisations… Read more
7. Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per cent in 2022… Read more
Source: https://punchng.com/global-growth-slows-to-2-in-2023-world-bank/
8. Lagos govt, Netherlands pledge support for ‘Lagos circular economy’ event
The Kingdom of the Netherlands and the Lagos State Government have both pledged to provide necessary support for the successful hosting of the Lagos Circular Economy Hotspot 2023 scheduled to hold this month in Lagos… Read more
Source: https://punchng.com/lagos-govt-netherlands-pledge-support-for-lagos-circular-economy-event/
9. Nigeria Returns to Coal Exploration Despite 2060 Carbon Emissions Pledge
Despite its net-zero carbon emissions pledge by 2060, the federal government has signalled the return of coal mining in the country, with the putting up for sale of five coal blocks in Enugu… Read more
10. Russia Announces Slashing Oil Production by 700,000 Bpd in March
Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned, according to Bloomberg… Read more
