Tinubu Appoints Maduekwe, Others To Drive Nigeria’s Green Industrial Vision
By William Emmanuel Ukpoju
In a strategic move to advance Nigeria's green industrial vision and bolster investor confidence, President Bola Tinubu has approved several significant appointments to the National Council on Climate!-->!-->!-->!-->!-->…
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Senate Advances Nigeria Gold Reserve Bill to Transform Economy
By William Emmanuel Ukpoju
On June 5, 2024, the Nigeria Gold Reserve Bill, championed by Senator Natasha H. Akpoti Uduaghan of Kogi Central, successfully passed its second reading in the Senate. This landmark legislation aims to!-->!-->!-->!-->!-->…
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Aradel Holdings: AGM Declares Dividend of ₦170 Per Share …Resolutions to List on NGX Approved
Nigeria’s foremost integrated indigenous energy Company, Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), listed on the NASD Exchange and the FMDQ, held its 29th Annual General Meeting (AGM) on!-->!-->!-->…
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Minister Hails NCDMB, Nedogas Partnership, lists benefits of Gas Facility
L-R: Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Omatsola Felix Ogbe, Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperipe Ekpo, Deputy Governor, Delta State, His Excellency, Chief Monday!-->…
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NCDMB Plans Changes to Enhance Nigerian Content Fund
The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund's impact and efficiency.
The Executive Secretary of!-->!-->!-->!-->!-->…
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Lanre Shittu Motors set to deploy CNG buses
shittu
One of the major players in the automotive industry, Lanre Shittu Motors Ltd (LSM), has concluded plans to deploy buses powered by Compressed Natural Gas (CNG) in alignment with the federal government’s initiative.
Managing!-->!-->!-->!-->!-->…
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‘NNPC Erred’ As Reps Probe $3bn Kolmani Oil Investment
Mele Kyari, GCEO of NNPC
The House of Representatives has resolved to investigate the status of the oil exploration activities of the Nigerian National Petroleum Company Limited (NNPC) in the Kolmani Oil Field covering Gombe and Bauchi!-->!-->!-->…
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Afreximbank disburses additional $925m crude oil-backed loan to Nigeria
African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC)!-->!-->!-->…
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Nigeria’s stocks defy rate hike to gain N15.25trn in 5 months
Despite consistent hike in Nigeria’s benchmark interest rates making fixed income securities attractive, the equities market maintained upward trajectory, rising by N15.25 trillion in value in the first five months of 2024.
This!-->!-->!-->!-->!-->…
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Fuel Subsidy To Gulp N5.4trn In 2024 – FG Admits
Fuel subsidy is projected to gulp about N5.4 trillion in 2024, according to the federal government. This is against the N3.6 trillion budgeted for the same intervention in 2023.
A draft copy report of the Accelerated Stabilization!-->!-->!-->!-->!-->…
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