Dangote Refinery Gets Second Crude Shipment From Ghana As Plant Reduces European Supply
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, marking another major step in its plan
Read More
Business
FG Approves N6.4 Trillion PPP Projects to Expand Ports and Power Infrastructure
The Federal Executive Council has approved three major Public-Private Partnership (PPP) projects worth more than N6.43 trillion, marking another huge
Read More
FG Cuts Oil Block Entry Costs to $3 Million
The Federal Government has reduced the signature bonus for oil blocks in Nigeria’s 2025 licensing round from $10 million to
Read More
NNPC E&P Achieves 355,000bpd, Highest Output in 36 Years
The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P), has recorded its highest daily crude
Read More
FG Launches N50m Equity-Free Grant for Nigerian Tertiary Students
The Federal Government has launched a N50 million Student Venture Capital Grant (S-VCG) to promote innovation, research, and entrepreneurship among
Read More
Banks Explore New Revenue Channels as FX Gains Decline
As foreign exchange gains that banks enjoyed in recent years begin to fade, lenders in Nigeria are now looking for
Read More
CAC Issues Nationwide Clampdown on Unregistered PoS Operators
The Corporate Affairs Commission (CAC) has issued a strong warning to Point-of-Sale (PoS) operators nationwide, announcing a sweeping enforcement campaign
Read More
FirstBank Supports Oke-Odan Cultural Festival to Promote Arts and Heritage
FirstBank of Nigeria Ltd has reaffirmed its commitment to promoting Nigerian arts and culture by sponsoring the Oke-Odan Cultural Festival
Read More
Deutsche Bank Shows Strong Interest in Funding Lagos Carter and Third Mainland Bridges
Deutsche Bank has shown growing interest in funding major rehabilitation and replacement works on two of Lagos’ most important bridges
Read More
NNPCL Struggles with N8.07tn Crude-for-Loan Debt Amid Fiscal Pressure
The Nigerian National Petroleum Company Limited (NNPCL) is grappling with massive crude-backed loan obligations estimated at N8.07 trillion, according to
Read More
NNPCL Achieves 64% Profit Boost and Rolls Out $60 Billion Expansion Strategy
The Nigerian National Petroleum Company Limited (NNPCL) has recorded a remarkable profit after tax of N5.4 trillion for the financial
Read More
Only CBN-Approved Firms Allowed to Collect Electricity Payments, Says FG
The Federal Government has reinforced rules that only Central Bank of Nigeria (CBN)-licensed firms can collect electricity payments across the
Read More
TotalEnergies and Conoil Finalise Offshore Asset Swap in Nigeria
TotalEnergies has confirmed the signing of an asset swap agreement with Conoil Producing Limited, covering two key offshore blocks in
Read More
Airline says investigation continues despite VDM and Mr Jollof’s apologies
Nigeria’s United Nigeria Airlines has announced that its investigation into the recent in-flight clash involving popular comedian Mr Jollof and
Read More
Dangote Denies Involvement in Viral Bike-Based Fuel Distribution Video
The Dangote Petroleum Refinery has denied any connection to a viral video suggesting it is distributing petrol using motorbike riders.
Read More
Enugu Electricity Distribution Company Launches Expanded Free Prepaid Meter Rollout in Tranche B
The Enugu Electricity Distribution Company (EEDC) has officially commenced the second phase of its free prepaid meter rollout, under “Tranche
Read More
Nigeria Set to Launch 2025 Licensing Round in December to Unlock Gas and Oil Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced the commencement of the 2025 Licensing Round, scheduled to begin
Read More
Nigeria May Face Oil Production Decline Without New Exploration, NAPE Warns
Nigeria may face a sharp drop in crude oil production in the coming years if the country does not urgently
Read More
Nigeria and China Strengthen Trade Partnership at 2025 Lagos Commodities Expo
Nigeria and China have restated their commitment to expanding trade and economic cooperation between the two countries. This happened during
Read More
Low 5G Coverage Frustrates Nigerians Despite Growing Phone Ownership
Nigeria has over 170 million mobile subscribers, yet many people with 5G phones still cannot use 5G services. Recent data
Read More