CORONAVIRUS, THE ECONOMY AND ISSUE OF DIVERSIFICATION

We have never stopped reminding ourselves about the futility of running a monoculture economy. In fact, this was why this platform – Non-oil Digest and its sister online platform – www.realsectornow.com, were created. It is therefore interesting news that the coronavirus pandemic is reminding us of the urgent need for us to diversify our economy…

GLOBAL ECONOMY WILL SUFFER FOR YEARS TO COME, SAYS OECD

The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned. Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis. He told the BBC it was “wishful thinking” to believe that countries would bounce back quickly. The OECD has…

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti  Baru, yesterday said $48billion oil and gas investment opportunities have been identified in the country. Speaking on ‘Insights on Future Exploration Hotspots: Opportunities for Africa’s Oil & Gas Industry, at the 2019 International Petroleum Week conference in London, Baru urged investors to invest in…

NEPC moves to address impediments to non-oil export

The Nigerian Export Promotion Council on Monday met with stakeholders in the non-oil sector in order to address some of the impediments in the sector. The meeting held at the headquarters of the NEPC was specifically targeted at ensuring that Nigerian exports meet requisite international standards. Speaking at the event, the Executive Director/Chief Executive, NEPC,…

SEC emphasises need to attract, retain investments in Nigeria

The Securities and Exchange Commission, SEC, has urged stakeholders in the capital market to steps to attract and retain both local and foreign investments to stimulate economic growth and develop critical infrastructure necessary for the country’s development.  Acting Director General, SEC, Ms. Mary Uduk, gave this charge yesterday at the formal launch of the book…