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The African Export-Import Bank (Afreximbank), has released $925 million to Nigeria under a $3.3 billion syndicated credit facility sponsored by the Nigerian National Petroleum Company, Ltd. (NNPC), bringing total disbursements to…
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The return of petrol subsidy in Nigeria could affect the country’s positive credit ratings, according to multiple analysts who spoke to BusinessDay.This may be negative for Africa’s most populous nation’s prospects of getting funds…
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After a sharp increase in the price of gasoline at the pump in surrounding nations, the Federal Government on Monday expressed concern about the resumption of smuggling of the commodity.According to the report, the average cost of…
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The Nigerian National Petroleum Corporation (NNPC) Limited has signed a significant deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in Niger Delta region.The spokesperson for NNPC,…
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By William Emmanuel UkpojuIn 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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By William Emmanuel UkpojuOn 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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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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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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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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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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