Industry

The Labour Party Spokesperson for Lagos State, Ife Salako, has refuted widespread claims circulating online that President Bola Tinubu has cleared all of Nigeria’s debt to the International Monetary Fund (IMF), labeling such reports as…
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Aradel Holdings says it has set aside $20m to acquire Chappal Energies. The fund, it was said, contributed to a decrease in the company’s cash flows from operating activities. In its unaudited report for the first quarter of 2025, it…
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Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has said  it is committed to leading Nigeria’s indigenous gas revolution, with a strong belief in energy…
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Analysts say there is still hope for Nigeria’s fiscal balance in 2025 with oil prices increasing as markets and investors reacted positively to the US and China agreement to talk this weekend about retaliatory tariffs, while forecasts…
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The Senate, today, Wednesday made changes to the Tax Administration Act by insisting on sharing revenues generated from taxes among states and areas where goods and services are consumed, rather than where they are produced. Under…
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Nigerian government has called for decisive and unified action to unlock the country’s vast natural gas reserves. Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, disclosed this while delivering a keynote address…
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Dangote Packaging Limited (DPL) has announced plans to expand into the African export market, following a production capacity boost facilitated by new machinery being commissioned in its two manufacturing plants. This strategic…
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Nigeria’s electricity generation companies (GenCos) have raised the alarm over the growing debt burden in the power sector, demanding a firm date to meet with President Bola Tinubu over the staggering ₦4.7 trillion owed to them and…
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ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development. This significant financial commitment, which will be…
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The Central Bank of Nigeria (CBN) has activated market-driven pricing for the naira, significantly enhancing transparency and restoring investor confidence. With disciplined reforms and policy clarity, the naira has stabilized at a…
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