Victor Enengedi

1 week ago | legit.ng | Victor Enengedi

The FG has begun deploying CNG buses to Nigerian universities to reduce student transport costs and promote cleaner energy use The ‘CNG-Sprout’ project is the first phase of a wider plan to expand CNG vehicle use across 20 federal universities Officials say this initiative supports President Tinubu’s goals of affordable energy, environmental protection, and transport reform Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology, Banking and the...

1 week ago | legit.ng | Victor Enengedi

The naira has remained stable, thanks to the CBN reforms and a recent $190 million intervention aimed at improving the FX marketDespite global and local challenges, the naira has shown resilience, with a narrowing gap between official and parallel market ratesThis stability has earned Nigeria positive recognition from institutions like Fitch Ratings and the World BankLegit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology, Banking and the Economy.

1 week ago | legit.ng | Victor Enengedi

The shutdown of the Port Harcourt Refinery for maintenance work has continued to spark criticism from industry expertsAn investment analyst has condemned years of government spending on state-owned refineries without success He has urged the full privatisation and sale of the majority shares of the refineries to private investors and Nigerians to improve efficiencyLegit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology, Banking and the Economy.

1 week ago | legit.ng | Victor Enengedi

Yikodeen has received a multi-million-dollar investment from Aruwa Capital Management to expand its production capacity and modernise its factory This funding will help Yikodeen increase daily output from 500 to 2,500 pairs, making it the largest safety shoe producer in West Africa The partnership is expected to grow Yikodeen's position in the footwear market, while also supporting job creation and community development programs Yikodeen, a top maker of safety shoes and the only supplier...

1 week ago | legit.ng | Victor Enengedi

The Federal Government is working to revive Nigeria’s steel sector, starting with a visit to Premium Steel and Mines Limited in Delta State The minister stated that restoring the plant will create over 15,000 jobs and support President Tinubu’s goal of expanding the economy to $1 trillion Despite past setbacks, the federal government aims to make steel a key driver of industrial growth and economic diversification Legit.ng journalist Victor Enengedi has over a decade's experience covering...