<< Back             Poser >> Petroleum Ministry Moves to Fully Automate Official Activities  The Ministry of Petroleum Resources has said that it has taken another major step in its digital transformation journey with the successful completion of a two-day presentation session on the Enterprise Content Management (ECM) Project. The session, it said, brought together members of the ECM Project Management Team (PMT) and selected consultants for an in-depth review and demonstration of proposed digital solutions designed to automate the ministry’s document management and workflow processes. This information was disclosed in a statement in Abuja released by the ministry’s Head of Press & Public Relations, Chris Ugwuegbulam. Declaring the event open, the Permanent Secretary, Dr. Vitalis Obi, reaffirmed the ministry’s commitment to adopting technology-driven systems that promote transparency, accountability, and efficiency. He urged PMT members to evaluate the presentations objectively and ensure that the most suitable and functional solution is selected based on merit. The Chairperson of the Project Management Team and Deputy Director (ICT), Sarah Agbaka, gave an overview of the project and outlined the evaluation process. She emphasised the need for practical, scalable, and user-friendly systems capable of integrating seamlessly with the Ministry’s operations. Over the two days, the statement said participating consultants showcased their ECM solutions through live demonstrations and interactive sessions. Evaluators from key departments assessed each platform’s features, adaptability, and potential to enhance productivity across all units. The engagement, it said, provided an opportunity for knowledge exchange among ICT experts, project managers, and departmental representatives, reinforcing the ministry’s vision for a digital, paperless, and efficient work environment. Thisday Business News	Decline in textile sector persists as GDP contribution falls 3.6% in 2yrs By Yinka Kolawole Activities in Nigeria’s cotton, textile and garment industry continued to trend downward in 2025, with the industry’s contribution to the nation’s Gross Domestic Product, GDP, declining to N4.384 trillion, reflecting persistent structural challenges confronting the sector. Data from the National Bureau of Statistics (NBS) shows that the sector’s output has recorded a steady […] 30 banks meet CBN recapitalisation requirements The Central Bank of Nigeria (CBN) has disclosed that 30 banks have met the revised minimum capital requirements under its ongoing recapitalisation programme. Manufacturing VAT surges 54.7% to N875bn in 9 months …Surpasses 2023 full-year figure By Yinka Kolawole The contribution of Nigeria’s manufacturing sector to Value Added Tax (VAT) in 2025 significantly increased with payments rising to N875.420 billion in the first nine months of the year (9M’25), surpassing both the N566.011 billion recorded in the corresponding period of 2024 (9M’24) and the N578.394 billion generated in […] Nigeria’s non-oil exports to EU lag at 10% despite $21.87bn trade— NEPC By Progress Godfrey  The Nigerian Export promotion Council (NEPC) has urged agro-exporters to tap the European Union’s over 400 million-strong consumer market, warning that non-oil exports account for only 10 percent of total trade with the bloc despite a $21.87 billion trade volume in 2024.   Executive Director and CEO of NEPC, Mrs Nonye Ayeni, made the […] Vitafoam shareholders endorse N3.75 bn dividend, bonus shares Shareholders of Vitafoam Nigeria Plc , have approved a N125 million capital injection through a bonus share issue and endorsed a N3.75 billion dividend payout, signalling strong investor confidence in the company’s improving financial performance. Dangote Refinery commits to energy stability amid global refineries shutdown By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.  The ongoing conflict in the Middle East has led to the shutdown of some refineries and cuts in refinery production across the world, resulting in a global scarcity of petroleum […]