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Business - Page 356

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

SERAP Urges NNPC CEO To Disclose Oil Production Details, Revenue Since Subsidy Removal

Business·News

SERAP Urges NNPC To Disclose Oil Production Details, Revenue Since Subsidy Removal

Socio-Economic Rights and Accountability Project (SERAP) has issued a compelling plea to Mr. Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, demanding the prompt disclosure of information regarding Nigeria’s oil production, exports, and revenue generated

December 10, 2023

"No Omelette Without Breaking Eggs"- Sanwo-Olu Explains Nigerians' Resistance To Tax Reform Bills

Africa·Business·News

COP28: How Lagos State Secures €410 Million Omi Eko Project

Amidst the flurry of discussions at the 28th Conference of the Parties on Climate Change (COP28) in Dubai, Lagos State successfully secured funding procurement for the €410 million Omi Eko project. Unveiled as an innovative endeavor, this project aims to transform the

December 10, 2023

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

Business·News·Oil & Gas

Dangote’s $20 Billion Refinery To Propel Nigeria’s Economic Transformation, Environmental Sustainability- Otedola

Femi Otedola, a Nigerian billionaire investor, hailed Aliko Dangote’s colossal refinery project as a game-changer for Nigeria’s economy and environmental goals. Otedola, in a social media announcement on X (formerly Twitter), extending warm felicitations to his “bestie” Aliko Dangote, labeled the refinery

December 10, 2023

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency

Here’s How You Can Identify Fake Naira Notes CBN Warned About

Against the backcloth of the credible alarm raised by the Central Bank of Nigeria (CBN) over the circulation of fake naira notes, particularly the higher denominations in parts of the country, the following are means through which such counterfeit currency notes can

December 10, 2023

Africa·Business·News

AfDB, UK FCDO Approve $1 Billion For South Africa’s Just Energy Transition

In a move signaling a commitment to green growth and sustainable development, the African Development Bank Group, in partnership with the UK Foreign Commonwealth and Development Office (FCDO), has given the nod to a $1 billion guarantee program that aims to bolster

December 10, 2023

NNPC Reveals 127 Incidents Of Crude Oil Thefts In 1 Week

Business·News·Oil & Gas

About 4,800 Illegal Pipeline Connections Nationwide- NNPCL Reveals

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd. (NNPCL), Mele Kyari, highlighted 4,800 illegal connections discovered across 5,000 kilometers of oil pipelines throughout Nigeria. During a presentation before the Senate Committee on Appropriations, Kyari highlighted the grave impact

December 10, 2023

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·News·Oil & Gas·World News

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

OPEC’s Secretary General, Haitham Al-Ghais, called upon member nations to prioritize emission reductions over targeting fossil fuels, citing the necessity for a fair transition. Al-Ghais expressed concerns about politically motivated campaigns endangering global prosperity and urged proactive rejection of any discourse exclusively

December 10, 2023

Business·News

Umahi Unveils N1.5trn Debt In Unpaid Road Projects In Buhari’s Administration

Nigeria’s Minister of Works, David Umahi, unveiled N1.5 trillion debt inherited from past administrations, spotlighting unpaid certificates for ongoing road projects. In a press statement released by the Ministry on Saturday, Umahi outlined plans for comprehensive reviews via six regional committees. He emphasized

December 10, 2023

former Assistant Comptroller General of Nigerian Customs Service, Bridget Okafor

Business·World News

$11bn Judgment Debt: UK Court Orders P&ID To Pay Nigeria £20 Million Damages

A United Kingdom Court has mandated Process & Industrial Developments (P&ID) Limited to pay Nigeria £20 million as damages and compensation in the next 28 days following Nigeria’s victory in an $11 billion judgment debt which was heard in October. The award

December 10, 2023

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

Business·News·Top Stories

Nigerian Govt Disburses Grants; Shoemakers, Make-up Artists Listed Among Benefiting Nano Businesses

As a way of alleviating the impact of the fuel subsidy removal, the Federal Government of Nigeria through the Federal Ministry of Industry, Trade and Investment, has rolled out two initiatives; the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme.

December 10, 2023

Previous 1 … 354 355 356 357 358 … 728 Next

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 356

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SERAP Urges NNPC To Disclose Oil Production Details, Revenue Since Subsidy Removal

COP28: How Lagos State Secures €410 Million Omi Eko Project

Dangote’s $20 Billion Refinery To Propel Nigeria’s Economic Transformation, Environmental Sustainability- Otedola

Here’s How You Can Identify Fake Naira Notes CBN Warned About

AfDB, UK FCDO Approve $1 Billion For South Africa’s Just Energy Transition

About 4,800 Illegal Pipeline Connections Nationwide- NNPCL Reveals

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

Umahi Unveils N1.5trn Debt In Unpaid Road Projects In Buhari’s Administration

$11bn Judgment Debt: UK Court Orders P&ID To Pay Nigeria £20 Million Damages

Nigerian Govt Disburses Grants; Shoemakers, Make-up Artists Listed Among Benefiting Nano Businesses

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Business - Page 356

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