Industry

The Central Bank of Nigeria (CBN) has significantly slashed its net loans and receivables by over N4 trillion in 2024, marking a strategic pivot from expansive lending—particularly to the Federal Government—towards a more conservative…
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The Lagos Chamber of Commerce and Industry (LCCI) has praised the federal government for its bold economic reforms, stabilising the macroeconomic environment and stressed the need to deepen these gains through inclusive, job-creating…
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The Federal Government’s revenue rose by 82.4 per cent from N6.8tn in 2023 to N12.4tn in 2024, driven by the unification of the foreign exchange rates, enhanced tax administration, and reforms in treasury remittances, the World Bank…
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Transmission Company of Nigeria has snubbed local manufacturers to award two Chinese firms electricity metre manufacturing contracts worth over N160 billion. The president of the Association of Metre Manufacturers of Nigeria,…
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…Says Projects Suffering Setback The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded the completion of rehabilitation works on the new Port Harcourt, Warri, and Kaduna refineries. According…
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The Transmission Company of Nigeria has commenced the reconstruction of three collapsed towers along the 330kV Kainji–Birnin Kebbi transmission line. This was disclosed in a statement on Saturday by the General Manager, Public…
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The Debt Management Office (DMO) has reported a total allotment of N4.28 billion as being result of the Federal Government of Nigeria (FGN) Savings Bonds auction for May 2025.  The Federal Government of Nigeria (FGN) Savings Bond…
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The Nigeria Labour Congress (NLC) has issued a stern warning to the Lagos State Government and the Dangote Refinery over the alleged recruitment of 89 "unskilled" labourers from Katsina State to work at the company facility in…
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*Crude oil vessel China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started…
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...As Komolafe Showcases Upstream Reforms Nigeria is gaining renewed global attention as a hotspot for oil and gas investment, following strategic reforms in its upstream sector that are beginning to yield tangible results. …
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