Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.
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Operators put 122 billion Naira in Pension Funds into Infrastructure.
As of the end of February 2023, data collected from the National Pension Commission showed that Pension Funds…
US-based Low-skilled Nigerians Increase Income by 1,500%.
According to data from the World Bank, low-skilled Nigerians who immigrated to the US had a 1,500% rise in their…
Q1 2023: Foreign Investment in the Stock Market Declines to N53.71 billion.
According to a study by the Nigerian Exchange Limited (NGX), foreign investors' inflow into the stock market of…
Annual Malaria Cases in Nigeria Total 55 million, According to FG.
According to the Federal Government, there are an estimated 90,000 malaria-related fatalities and 55 million…
Ex-CEO of South Africa’s Eskom: Conservative Estimate of $55 million in…
Andre de Ruyter, the former CEO of South Africa's state-owned power company Eskom, claimed on that his earlier…
Group Requests EFCC, ICPC Investigation into Ajaokuta Steel Plant Concession.
According to Olamilekan Adegbite, the Minister of Mines and Steel Development, 11 foreign businesses expressed…
MultiChoice Raises DSTv and GOTv Subscription Rates by 17%.
MultiChoice Nigeria announced an increase of 17% in the cost of its DStv and GOtv packages. The new charges will…
NSIB Praises the FG for the Airport Fire Tenders.
The Federal Government's efforts to improve aviation safety in the nation by purchasing fire tenders for airports…
FG and US Company Ink MoU on $15 billion Rail Project.
Atlanta Global Resources Inc. of the United States and the Federal Government, acting through the Ministry of the…
Banks and Telcos Meet as USSD Debt Reaches N100 billion.
Deposit Money Banks' total debt to telecom companies for Unstructured Supplementary Service Data has exceeded N100…
FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they…
World Bank: Diaspora Nigerians Remitted $168 billion in Eight Years.
In the last eight years, the Nigerian Diaspora has sent $168.33 billion to Nigeria, according to data compiled by…
A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the…
Ioc: Nigeria Lost N2.3tn Revenue to Oil Theft in a Year.
Due to problems with pipeline vandalism and the ensuing oil theft, Nigeria lost the chance to produce and export…
NNPCL: AKK Pipeline Construction Gulped $1.1bn.
According to Mele Kyari, group chief executive officer of NNPC Ltd., the Nigerian National Petroleum Company…
40% Pay Rise – Crisis Looms in Nigeria Universities.
There are signs that university unions may protest the federal government for allegedly leaving their members out…
Sudan War: The Only Viable Exit for Nigerians Is By Road – Government.
The federal government declared Friday night that a road evacuation of Nigerians from the war-torn Sudan was the…
Criterion Africa Partners Completes Investment in Merensky Timber.
Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by…
Raxio Secures $170m Funding for Data Center Rollout in Africa.
To aid in its expansion throughout the continent, pan-African data center developer Raxio Data Centres has…
DPI Acquires ex-Louis Dreyfus Company Solevo.
Development Partners International ("DPI"), an investment business with a focus on Africa, has acquired Solevo…
In One Week, Investors Lost N304 billion.
The market capitalization lost N304 billion to end the week at N27.963 trillion, and the All-Share Index decreased…
USA Donates $5.7 million to Aid Nigeria.
Nigeria will receive $5.7 million in assistance from the United States of America to oversee elections. This was…
Nigeria Currently Owes the World Bank 6 trillion.
Nigeria moved up the list of the top 10 International Development Association borrowers due to increasing debt.…
FG: IOCs Moved $21bn Investments to Other Countries.
According to the Federal Government, between 2014 and 2022, the majority of foreign oil corporations that work in…
NBS Set to Release Unemployment Rate in May.
By May 2023, the National Bureau of Statistics will present updated employment and unemployment rates for the…
Lagos Paid retirees N50billion in Four Years.
According to Mrs. Ajibola Ponnle, Commissioner for Establishments, Training, and Pensions, Lagos paid its retirees…
Eight Banks Earn N225 billion from E-banking Fees.
As cashless transactions increased to N395.47tn in 2022, eight banks made N224.69bn from electronic banking fees.
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FG Gives the NSITF Infrastructure Upgrade Concession a N15 billion Approval.
The second phase of the computerized Nigeria Social Insurance Trust Fund, which will allow concessionaires to…