Industry

• Demand immediate payment of N4tr debt• Manufacturers may continue to desert grid over collapse, seek fresh subsidies • Metering gap, payment for wire, transformers worsen service delivery One year after increase in…
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…As FG pushes for more production to mitigate revenue loss Nigeria’s economic managers are frantically exploring ways to contain the fallout from the crude oil market rout after prices of the commodity plunged to a record low in…
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…Seeks further collaboration With EU Adebayo Adelabu, Nigeria’s minister of power has decried the impact of the continuous drop in international price of crude oil, stating that most laudable infrastructure transformation projects…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has slashed the price of natural gas for power generation companies. This is coming amid about N2tn debt owed to gas companies by the power generation…
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BusinessDay learnt that the OKOLOMA gas plant operated by the NNPC gas subsidiary has been shut down since March this year, taking out atleast 1000MW of power generation at atime of surging diesel price. …Says Siemens Project has…
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The capital market is often described as the gauge of any economy. It reflects the health of businesses, the investment climate, and the confidence of both local and international investors. In Nigeria, the capital market has grown…
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The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags:…
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Akinwumi Adesina, President of the African Development Bank (AfDB), has expressed concerns over Africa's escalating debt, particularly highlighting the challenges posed by non-transparent resource-backed loans. These loans, often…
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The Society of Petroleum Engineers (SPE), Nigeria Council, has underscored the need to align operations and investments within the Petroleum Industry Act (PIA 2021) framework, to ensure the sector’s transparency, efficiency and…
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... As Group Endorses Naira-for-Crude Policy According to the EJF, it would be a fatal mistake for the new NNPC Group Chief Executive Officer, Bayo Ojulari and board chairman, Ahmadu Musa Kida to follow the path of Kyari, the…
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