Category: Business

Gbege brings daily business updates local and globally

At 60% capacity, Warri Refinery Commences Operations

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Warri Refinery Petrochemicals Company (WRPC), had begun operation up to 60 per cent capacity in Warri Delta State. The Nigerian National Petroleum Company (NNPC) Limited revealed this adding that the company is capable of 125,000 barrels per day. This was disclosed by Mele Kyari, the Group Chief Executive Officer of the state-owned oil company, during a visit to the site of the facility on Monday. Addressing his team before the tour round the facility, Kyari said the plant, though not working up to 100 percent yet, is still a ‘work…

Burkinabé man manufactures first tire brand in Africa

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Congratulatory messages pour as African young entrepreneur succeeded in creating the first tire brand 100% made in Africa. In a groundbreaking achievement for African industry, Burkina Faso has introduced the continent’s first tire brand entirely manufactured in Africa. Entrepreneur, Yannick Laurent Bado has come up with an innovation aiming to deliver high-quality tires designed specifically to endure the diverse and challenging conditions of African roads. The new tire brand marks a significant milestone in regional manufacturing, promising to enhance transportation reliability and promote local industry across multiple African countries. By…

Dont let economy deter you, this could be a way out

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You want to go into vegetable farming, dont let manure be a hindrance. Unlock the potential of your organic waste by turning it into a nutrient-rich liquid fertilizer. Fill a 5-gallon bucket with kitchen scraps, yard waste, and water, and let it ferment for two weeks to two months. The resulting liquid is a game-changer for your plants, promoting healthy growth and sustainability. This could be the breakthrough you’ve been waiting for. Turn that piece of land around you to money now. No piece of land is too small!

EFCC has recently voiced strong concerns over corruption in the country’s power sector.

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The Economic and Financial Crimes Commission (EFCC) in Nigeria has recently voiced strong concerns over corruption in the country’s power sector. The EFCC’s statement calls for intensified efforts in tracking and recovering stolen assets, which they argue could make a significant difference in addressing the sector’s longstanding challenges.   Despite massive investments and various reforms over the years, Nigeria’s power sector continues to struggle with inefficiencies, and corruption is often cited as a root cause. The EFCC highlighted the importance of asset recovery as a way to reinvest in the…

Gbege News Welcomes the New U.S. President with Hope and Curiosity

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November 7, 2024 – Today, Gbege News joins millions around the globe in welcoming the newly elected U.S. President into office after an intense election season that captivated both Americans and international onlookers alike. The U.S. presidency is not just a domestic position but a role that has significant implications for global politics, economics, and diplomatic relations. As a leading voice in media, Gbege News is committed to providing its readers with timely updates, in-depth analysis, and on-the-ground perspectives on how the new U.S. administration will shape the global landscape…