BasseyUdo

03/10/2024

The Federal Government on Wednesday unveiled two major fiscal incentives aimed at revitalizing Nigeria’s oil and gas sector production capacity.

03/10/2024

https://mediatracnet.com/2024/10/nigeria-introduces-fresh-fiscal-incentives-to-boost-oil-gas-sector-output/

The Federal Government on Wednesday unveiled two major fiscal incentives aimed at revitalizing Nigeria’s oil and gas sector production capacity.

27/09/2024

Secretary to the Government of the Federation and Chairman of the NEITI Board, Sen. George Akume, flanked by the Chairman of the EFCC, Olanipekun Olukoyede (left) and Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, during the public presentation of the 2023 NEITI Audit Report in Abuja on Thur...

21/07/2024

https://mediatracnet.com/2024/07/sunday-musings-18-story-books-versus-18-storey-plaza/

The three common characteristics of the mechanics of political power so identified have remained as constant as Shakespeare’s Northern star! They remain immutable in all climes and civilizations. The deduction is pedestrian and intellectually less engaging. But it encapsulates verifiable truth and...

04/07/2024

https://mediatracnet.com/2024/07/nigerias-oil-gas-industry-witnessing-steady-progress-growth-post-pia-nuprc-declares/

Nigeria’s oil and gas industry is witnessing steady progress since the enactment of the Petroleum Industry Act (PIA), the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said.

03/07/2024

https://mediatracnet.com/2024/07/nnpc-wants-decisive-action-to-rid-obstacles-to-nigerias-quest-for-increased-oil-output/

GCEO, NNPC Ltd, Malam Mele Kyari, delivers a Keynote Address at the second day of the Nigeria Oil & Gas (NOG) 2024 Energy Week Conference & Exhibition in Abuja on Tuesday.

20/11/2022

By Bassey Udo Nigeria’s overall fiscal deficits in the 2023 Federal Budget will exceed the six percent of gross domestic product (GDP) threshold and pushing total public debt to about 43 percent of GDP by 2027 if steps are not taken to generate more revenue, remove fuel subsidy and cut down on deb...

20/11/2022

By Bassey Udo Nigeria’s quest for energy transition received a huge boost on Wednesday when an indigenous firm, UTM Offshore Limited, signed agreements with three technical partners, Kellogg Brown and Root (KBR) UK, Japan Gas Corporation (JGC) and TechnipEnergies Limited, for the commencement of t...

20/11/2022

By Innocent Okon Many have made efforts to add value or deconstruct life as a phenomenon. Such efforts are encapsulated in philosophies, discoveries and even wise cracks. It must have been in this pursuit that Abraham Maslow, a renowned Management Scholar, propounded the timeless human development m...

17/11/2022

MEDIATRACNET The 36 State governments in the country have improved significantly in their performance on fiscal transparency, the latest result of tbe States Fiscal Transparency Accountability and Sustainability Programme has shown. The Minister of Finance, Budget and National Planning, Zainab Ahmed...

17/11/2022

By Bassey Udo The Presidential candidate of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, risks disqualification from the February 2023 race following fresh allegations of perjury, identity theft, and criminal forgery against him. Of late, there have been several allegations borderi...

17/11/2022

By Bassey Udo The impact of climate change will worsen the crises developing economies face in terms of hunger, poverty, and unsustainable debt, the World Bank Group President, David Malpass, warned at the G20 Leaders’ Summit in Bali Indonesia on Tuesday. With poverty above 70 percent, Malpass sai...

17/11/2022

MEDIATRACNET To enable the Federal Government to focus fully on the shift to renewable energy in line with the global quest for energy transition, Africa Regional Campaigner, 350.Org, Charity Migwi, has called for a stop to the issuance of fresh coal mining licenses in the country. The head of the i...

17/11/2022

MEDIATRACNET Women-owned small and medium enterprises in Nigeria are to receive some support from the United Kingdom (UK) government, the UK High Commission has announced. The British High Commissioner to Nigeria, Catriona Laing, who announced this on Wednesday said a $100 million support programme....

17/11/2022

MEDIATRACNET About 540 entrepreneurs from six states are to receive the National Business Development Initiative (NBDI) business starter packs, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has said. The entrepreneurs are from Akwa Ibom, Bayelsa, Cross River, Delta, Edo and...

16/11/2022

By Bassey Udo The National Council on Privatization (NCP) on Monday approved a governance framework for the development of a $3 billion hydropower plant proposed for Makurdi, Benue State. The approval was one of the highlights of the meeting of the Council presided over by Vice President Yemi Osinba...

16/11/2022

By Bassey Udo The first ever real-time anti-corruption help desk at Nigerian Ports has resulted in the drastic reduction in the cost of ship berthing in Nigeria, from $150,000 per vessel to about $20,000. The help desk involves the joint efforts of various Federal Government agencies, namely the Nig...

22/03/2022

https://mediatracnet.com/cbn-laments-impact-of-fuel-crisis-on-inflation-as-mpc-retains-benchmark-policy-rates/

By Bassey Udo With geo-political tensions mounting, and the impact of the Russia-Ukraine on the global economy, the Central Bank of Nigeria on Monday lamented the effect of the current fuel crisis on inflation, as its Monetary Policy Committee opted to retain controlling benchmark monetary policy pa...