Industry

Nigeria’s Vice President, Kashim Shettima, has lauded President Bola Ahmed Tinubu’s courage in ending the long-standing fuel subsidy regime, describing it as a bold move resisted by powerful interests. While referencing how previous…
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The Nigerian National Petroleum Company (NNPC) Limited has reduced its premium motor spirit price for the second time in one week. It was observed on Wednesday, that the state-owned oil firm has adjusted its petrol price to N890 per…
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Aero Contractors has repaid the debt it owed the Asset Management Corporation of Nigeria (AMCON) since 2017. Capt. Ado Sanusi, the Managing Director of Aero Contractors, confirmed this development in an interview with Daily Independent…
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The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that more consultation is needed by various stakeholders before the federal government can begin the implementation of financial autonomy for…
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The Nigerian National Petroleum Company Limited (NNPC) has outlined major achievements under the leadership of its new Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, marking his first 100 days in office. Ojulari, who was…
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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for…
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The Central Bank of Nigeria (CBN) has confirmed that eight Nigerian banks have met the minimum regulatory requirements under the current forbearance regime. This was disclosed by CBN Governor, Yemi Cardoso during the Monetary Policy…
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The Bauchi State Government has paid N1.5 billion to take full ownership of the long-abandoned Steyr Nigeria Limited, with the aim of reviving the industrial facility to boost the state’s economic development. The State Governor,…
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ALAT, the digital platform of Wema Bank, has won Nigeria’s Best Digital Bank at the Euromoney Awards 2025. The Euromoney Awards, pioneered by Euromoney, are regarded as the ultimate accolade in banking; the industry-leading stamp of…
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Nigeria has retained its status as the fourth largest economy in Africa despite a rebasing exercise that expanded the country’s Gross Domestic Product (GDP). The National Bureau of Statistics (NBS) announced that the economy expanded…
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