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Business and Economy

With a Covid-19 vaccine patent waiver likely, time to rethink global intellectual property rules  By Professor Ruth L. Okediji

Ruth L. Okediji is the Jeremiah Smith Jr. Professor of Law at Harvard Law School.   On Wednesday May 5, the US moved to back a Covid-19 vaccine patent waiver that was being debated at the World Trade Organization (WTO). The proposal, first put forward by South Africa and India in October 2020, seeks …

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Port Harcourt Refinery Rehab: We can’t afford to fail – NNPC … Says Project to generate 3,000 jobs as construction work kicks off

The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries …

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Emefiele woos youths to embrace agriculture …Vows to resist importation of maize in Nigeria

KATSINA The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged youths in Nigeria to embrace agriculture, declaring the Bank’s readiness to support youths that are willing to engage in agriculture. This is even as the Governor reiterated the Bank’s opposition to the importation of maize into Nigeria. …

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Dangote Cement, major contributor to Senegal’s economic devt, says Envoy

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria. Dangote Cement Senegal currently holds …

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Nigeria, Microsoft partner to digitally upskill 5mln Nigerians in 3 years, says Osinbajo

  By Chijioke Okoronkwo Abuja, May 3, 2021 Vice President Yemi Osinbajo says Nigeria is to partner tech giant, Microsoft Corporation, to accelerate the Economic Sustainability Plan (ESP) on a deepened digital economy. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday, in Abuja, said that the vice president said …

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Revenue projection in letter to AGF not reflection of our financial standing – NNPC

…Pledges to optimize cost, boost remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation (AGF) being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and …

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Shell’s Pipeline spills 213 barrels of crude into Ikarama community in Bayelsa

The Okordia-Rumekpe 14 inch crude trunkline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude into Ikarama community in Bayelsa. Mr Bamidele Odugbesan, Media Relations Manager at SPDC confirmed the leak and said that the probe into the incident has been concluded. According to a …

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AFCFTA: What we’re doing to boost non-oil exports – CBN Governor, Emefiele at Zenith Bank Webinar

Being remarks by the Governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele, at the Zenith Bank 2021 International Export Seminar on “Nigeria’s Economic Prosperity: The Role of Intra-Regional Trade and Non-oil Export Initiatives” held on Tuesday, April 20, 2021. (Protocols) I am indeed delighted to attend this seminar …

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