FG offers 17 new oil blocks for bidding
The Federal Government of Nigeria has announced the inclusion of 17 deep offshore oil blocks in the 2024 Licensing Round,…
Category: Local
Modular refiners, Afreximbank begin talks over $18bn loan
Investors in Nigeria’s modular refinery sector have initiated discussions with the African Export-Import Bank (Afreximbank) to access part of the…
Worry as NCAA acting DG tenure expires
There is growing tension among staff and management of the Nigeria Civil Aviation Authority (NCAA) and the Ministry of Aviation…
Reps summon NNPC, Agip, NUPRC, others over alleged $72m diversion
The House of Representatives Committee on Public Petitions has summoned the managing director and senior management staff of Nigeria AGIP…
Ekpo Woos Canadian Businesses, Investors to Nigeria’s Gas Sector
Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, emphasized the necessity of global partnerships, innovation, and a collective…
Adrian Wood Returns to Nigeria, Moves to Rebrand Ntel with Fresh Investors
Adrian Wood, former CEO of MTN Nigeria, has re-entered the Nigerian telecom industry as the new Chief Executive Officer of…
New Report Says Nigeria’s Liquefied Natural Gas Expansion Drive Faces Severe Future Risks
Nigeria’s ambitious plans to expand its Liquefied Natural Gas (LNG) projects, including the notable Train-7 initiative, face significant risks, according…
Universities Scotland says 20% decline in int’l student market reduces subsidized tuition for domestic students
Universities Scotland has raised alarms over the potential 20% reduction in international student numbers, warning it could significantly hinder the…
Nigerian Box Office set to hit N10 billion revenue in FY2024
The Nigerian box office is on track to reach an unprecedented N10 billion in revenue from cinema ticket sales and…
NEPZA Offers Duties Waiver, Tax Holiday To Startups In Free Trade Zones
The Nigeria Export Processing Zones Authority (NEPZA) has announced new measures aimed at retaining foreign businesses and startups within Free…
Amid $12bn Loss To Cyberattacks, Financial Stakeholders Decry Rising Threats
Financial experts have urged for innovative solutions to counter the escalating threat of cyberattacks, aiming to bolster confidence in banking…
Wemabod gets new MD
Wemabod Limited has announced a leadership transition with the appointment of Bashir Oladunni as the new Managing Director and Chief…
LBS, Stanbic IBTC Advocate Corporate Sustainability
Lagos Business School (LBS) and Stanbic IBTC Holdings emphasized the need for businesses to integrate environmental sustainability into their corporate…
Import duty: FG summons 80 private jets owners over operating papers
The Nigerian Customs Service (NCS) has launched a new initiative aimed at cracking down on operators of improperly imported private…
Dangote refinery achieves double Nigeria’s 11-yr power output
Over the past eleven years, Nigeria has only managed to add 760 megawatts (MW) to its national grid, increasing its…
Murray-Bruce, Omokri support Fidelity Bank, urge Nigerians to buy its stock
Former Senator Ben Murray-Bruce and ex-presidential aide Reno Omokri have both expressed strong endorsements for Fidelity Bank, encouraging Nigerians to…
Nigeria’s FX reserves stablise at $33.16bn amid inflation surge
Nigeria’s foreign exchange (FX) reserves have demonstrated remarkable stability, holding firm at $33.16 billion, which signals economic steadiness despite rising…
Changan posts 3.29% rise in May sales, gets more popular in Nigeria
Chinese automaker Changan Automobile reported a modest increase in May sales. According to a production and sales report released on…
FG sets 9-month timeline for 2024 oil block licensing round
In a significant shift from previous practices, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has established a nine-month timeline for…
Growth Stack wins tech award
Growth Stack has been honored as Africa’s most trusted software development company of the year by the African Brand Congress.…
SEC Chief Warns on Risks of Innovation at Capital Market Summit
Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has urged stakeholders in Nigeria’s capital market to remain…
Rubicola Partners NGX, ACCA On Sustainability, Climate Risk Disclosures
In an effort to enhance corporate transparency and sustainability in Nigeria, Rubicola Consulting has partnered with NGX Regulation Limited and…
SAHCO grows gross profit to N8.19bn
Skyway Aviation Handling Company (SAHCO) Plc announced a substantial growth in its gross profit, reaching N8.195 billion for the financial…
Recapitalisation: Wema Bank Gets Approval For N40bn Rights Issue
Wema Bank has announced the successful conclusion of the first tranche of its recapitalisation exercise, securing all necessary regulatory approvals…
Nigeria’s Eurobond Issuance Plans Remain Uncertain
Nigeria’s planned Eurobond issuance has left investors and market players in uncertainty as authorities have not disclosed the timing of…
NDIC Lists Heritage Bank Assets for Sale Nationwide Following License Revocation
The Nigeria Deposit Insurance Corporation (NDIC) has announced the sale of Heritage Bank’s assets nationwide following the revocation of the…
Minister Unveils Nigeria’s Largest Syringe Manufacturer
Dr. Tunji Alausa, the Minister of State for Health and Social Welfare, has called for collaboration among stakeholders in Nigeria’s…
Minimum wage: Our agreement with FG is N250,000 – NLC, TUC
The Organised Labour has firmly stated that the only agreement it recognizes with the Federal Government regarding the national minimum…
NNPCL Calls For Establishment Of Special Court Over Crude Oil Theft
Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), has called on the judiciary…
Money market funds grow by 14% in 5 months
In the first five months of 2024, Nigeria’s money market funds saw a significant increase of 14%, driven by investors’…