Real Estate Sector Declines by 14% in Nigeria’s Largest Economy
By Danlami Nasir Isah
According to a new report, development activities across the commercial real estate sector in Lagos, Nigeria’s commercial capital and largest economy, declined by 14 per cent in 2022 compared to 2021, resulting!-->!-->!-->!-->!-->…
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NLC Kicks Against Fuel Subsidy Removal
By Adaobi Rhema Oguejiofor
The Nigeria Labour Congress (NLC) has cautioned all those demanding for fuel subsidy removal to refrain from the idea and save the country from another round of social turmoil, or push for it and set the!-->!-->!-->!-->!-->…
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Nigerian Oil-Servicing Firm Awards 50 Scholarships to African Postgraduate Students
By Moses Patience Chat
Kenyon International West Africa Limited, a Nigerian oil-servicing company has announced the award of scholarships to 50 post-graduate indigent and brilliant beneficiaries across Africa, for an online Mini MBA!-->!-->!-->!-->!-->…
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NERC Instructs Discos to Meter Customers Within 10 days of Request
By Adaobi Rhema Oguejiofor
The Nigerian Electricity Regulatory Commission (NERC) has instructed Electricity Distribution Companies (Discos) to connect and install meters for new customers within 10 days of making a written request.
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TotalEnergies to Invest $10bn for Gas Development in Iraq
By Yange Ikyaa
TotalEnergies and its partners are to invest approximately $10 billion (100% share) in Iraq after an agreement with the government to develop allotted gas fields.
The Iraqi Government and TotalEnergies have already!-->!-->!-->!-->!-->!-->!-->…
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Seplat Allocates N16.5mn Seed Money to 23 SMEs
By Moses Patience Chat
Seplat Energy PLC has allocated about N16.5 million to 23 growing entrepreneurs in the Small-scale and Medium Enterprises (SMEs) category as seed money under its Global Entrepreneurship Fellowship programme.
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NERC Unveils Service Charter to Address Power Consumers’ Concerns
By Adaobi Rhema Oguejiofor
The Nigerian Electricity Regulatory Commission (NERC) has unveiled its service charter, which provides details on the rights, obligations, and redress mechanisms furnished by the regulator for power users!-->!-->!-->!-->!-->…
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Nigeria’s Crude Oil Exports Grow by N337bn in March
By Moses Patience Chat
Nigeria’s revenue from crude oil export increased by N337bn in the month of March, hitting N1.8 trillion.
According to shipping data from Rifinitiv Eikon, the increase came as the country attained its!-->!-->!-->!-->!-->!-->!-->…
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NNPCL Evacuates 515 Million Litres of Petrol in One Week
By Adaobi Rhema Oguejiofor
The Nigerian National Petroleum Company (NNPC) Limited has said that the total volume of 515.99 million litres of petrol was evacuated from the 33 top loading depots between March 25th and March 31st.!-->!-->!-->!-->!-->…
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AfDB Calls for Increased Investments in Africa’s Renewable Energy Sources
By Adaobi Rhema Oguejiofor
The African Development Bank (AfDB) Group President, Dr. Akinwunmi Adesina, has called on African leaders and investors to move focus towards exploiting the continent’s renewable energy sources.
Adesina!-->!-->!-->!-->!-->!-->!-->…
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