Business & Economy
Why IOCs can’t allocate enough crude to refiners – FG
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed the reason why International Oil Companies are finding it difficult to allocate crude to domestic refiners...
27th February 2025
Move Afrika’s expansion to Nigeria impactful - Official
The Co-Founder/Chief Executive Officer of Global Citizen, Hugh Evans, has said that the expansion of the music touring circuit, Move Afrika, to Lagos has boosted its impact. According to a statement f...
27th February 2025
NIMASA investigates barge explosions in Rivers community
A series of barge explosions recently occurred in Rivers State, causing significant pollution and affecting fishing communities near Cawthorne Channel 1 and Alakiri Kulama. The Head of Public Relation...
27th February 2025
Plug revenue leakages, accountant-general urges states
The Accountant-General of the Federation, Dr Oluwatoyin Madein, has called on states to halt financial leakages and embrace prudent financial management practices to enhance revenue generation. She ma...
27th February 2025
FG wants NNPCL, Dangote refinery listed on NGX
The Federal Government has reiterated its commitment to deepening Nigeria’s capital market by encouraging major state-owned and private enterprises, including the Nigerian National Petroleum Company...
27th February 2025
Nigeria’s oil production potential now 2.24mbpd – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has confirmed that Nigeria’s technical potential for crude oil production stands at 2.24 million barrels per day, as against the current product...
27th February 2025
NESG advocates AI adoption by town planners
The Chairman of the Nigeria Economic Summit Group, Olaniyi Yusuf, has called for the adoption of Artificial Intelligence in the operations of town planning activities in Nigeria. The NESG boss stated ...
27th February 2025
NLNG decries attacks on gas pipelines
The Managing Director of Nigeria LNG Limited, Dr Philip Mshelbila, has revealed that only two of the company’s six gas trains are currently operational, attributing the operational challenges to per...
27th February 2025
Tolling: FG to review highways concession agreements
The Federal Government is thoroughly reviewing the eight road projects concessioned to private investors under the Highway Development Management Initiative. The projects assigned to the concessionair...
27th February 2025
FG partners firm on cassava revolution
The Federal Government has pledged support for Agbeyewa Farms in its drive to boost cassava production and agro-processing, describing the company’s large-scale investment as a model for food securi...
27th February 2025
A'Ibom gov sets panel to resolve oil firm, host community crisis
Akwa Ibom State Governor, Umo Eno, has inaugurated a tripartite committee comprising the State Government, Sterling Petrochemical and Fertilizer Limited, and Eastern Obolo communities to resolve linge...
27th February 2025
Africa needs partnerships, not loans, to tackle energy crisis —Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Africa does not need loans but rather strategic partnerships and investments to address energy poverty and driv...
26th February 2025
Nigeria’s W’Bank debt may hit $9.2bn as FG eyes six loans
The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structu...
26th February 2025
Transcorp eyes 25% electricity market share
Transcorp Power Plc has announced plans to increase its share of electricity generation in Nigeria to 25 per cent, up from its current 12 per cent. The company’s Chairman, Mr Emmanuel Nnorom, disclo...
26th February 2025
Lagos-Calabar highway: FG signs deal to attract foreign investments
The Federal Government, through the Ministry of Works, has signed the Engineering, Procurement, Construction, and Finance contract for the Lagos-Calabar Coastal Highway Project with Messrs. Hitech Con...
26th February 2025
Operators kick as 15% port charge hike begins March 1
Licensed customs agents operating in the nation’s maritime domain have kicked against the 15 per cent hike in port charges by the Nigerian Ports Authority, as the NPA has revealed that the implement...
26th February 2025
GDP expands by 3.84%, OPS projects stronger economy
Nigeria’s Gross Domestic Product grew by 3.84 per cent in real terms in the fourth quarter of 2024, reflecting an improvement from the 3.46 per cent recorded in the same period of 2023. This also ma...
26th February 2025
NGX partners UN on women empowerment
Nigerian Exchange Group and Central Securities Clearing System are in a collaboration to promote women’s empowerment and are set to host an event on March 7 at NGX Group House, Lagos, to mark Intern...
26th February 2025
FGN bond auction records N1.63tn subscriptions
The Federal Government’s bond auction for February recorded a surge in investor demand, with total subscriptions rising to N1.63tn, a significant increase from the N670.94bn recorded in January. The...
26th February 2025
Nigerian-American chamber unveils economic agenda
The Nigerian-American Chamber of Commerce has announced April 12, 2025, as the date for the Presidential Inauguration Dinner & Awards Night at Lagos Continental Hotel, Victoria Island, in honour o...
26th February 2025
Gas dispute: NLNG may pay $380m to Vitol, Glencore
Trading houses Vitol and Glencore will receive $380m in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural g...
26th February 2025
Air traffic controllers decry manpower shortage, poor pay
The Nigerian Air Traffic Controllers Association has called for an urgent need to recruit and train additional controllers to man the country’s airspace to ensure safety in airspace management. Spea...
26th February 2025
FTZs tax fair, won’t reverse incentives – MAN
The Manufacturers Association of Nigeria has backed the Federal Government’s proposed tax reforms for Free Trade Zone businesses, saying the policy will ensure fair competition and will not reverse ...
26th February 2025
Price hike: FCCPC summons MultiChoice
The Federal Competition and Consumer Protection Commission has summoned MultiChoice Nigeria, the operator of DStv and GOtv, to account for its planned subscription price hike, scheduled to take effect...
26th February 2025
SEC cuts approval time for raising capital
The Securities and Exchange Commission has cut the approval time for companies seeking to raise capital to just two weeks. In a statement made available to our correspondent by the commission on Monda...
26th February 2025
FG orders Discos to publish details of meter refunds
The Federal Government, through the Nigerian Electricity Regulatory Commission, has directed all electricity distribution companies to publish the refunds they have made to customers who purchased met...
25th February 2025
FG eyes more oil sector investments in 2025
The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, has stated that Nigeria is poised to secure an increased number of Final Investment Decisions this year, a move that reinforces i...
25th February 2025
Subscribers lament as MultiChoice raises DStv subscription by 21%
Pay-TV operator MultiChoice Nigeria has announced a 21 per cent increase in the subscription fee for its DStv Compact package, raising the price from N15,700 to N19,000, effective March 1, 2025. This ...
25th February 2025
MAN hails stakeholders' commitment to clean manufacturing
The Manufacturers Association of Nigeria has commended stakeholders for their commitment to transforming the sector through the adoption of resource efficiency and cleaner production methodologies. MA...
25th February 2025
CBN’s forex policies working - Rewane
The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed confidence in the Central Bank of Nigeria’s foreign exchange policies, stating that they are yielding positive ...
25th February 2025
IPMAN threatens strike over N100bn unpaid bridging claims
The Independent Petroleum Marketers Association of Nigeria has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay the bridging claims owed mark...
25th February 2025
