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Business - Page 371

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

Business·News·Oil & Gas

TotalEnergies Confirms Containment Of Egina FPSO Oil Leak

TotalEnergies has confirmed the containment of the oil leak from the Egina Floating Production Storage and Offloading (FPSO) vessel. Charles Ebereonwu, the company’s Country Communication Manager, assured that the oil leak, which occurred during crude loading on November 15, has been contained.

November 23, 2023

Business·Currency·News

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

Twenty-four hours after Binance founder, Changpeng Zhao resigned and pleaded guilty in a settlement with United States authorities, outflows from the world’s largest crypto exchange by trade volume have exceeded $1 billion, excluding bitcoin. In a report by CNBC on Wednesday, it

November 23, 2023

Nigeria's Port Predicament: Why Breaking the Monopoly is Key to Economic Growth

Business·News

MWUN Rejects Govt’s Plan To Re-float National Shipping Line Amid Unresolved Employee Benefits

The Maritime Workers Union of Nigeria (MWUN) opposes the Federal Government’s proposal to revive the Nigeria National Shipping Line (NNSL) via a public-private partnership. They cite unaddressed concerns about the welfare of former employees who served the now-defunct carrier. Expressing firm dissent,

November 22, 2023

Business·News

Nigerian Lawmakers Order Probe Into Revenue Leakages Among Government Agencies

The House of Representatives has ordered investigation of revenue leakages through the Remita platform and non-compliance issues among government revenue-generating agencies. This decision, triggered by concerns over financial discrepancies and procedural deviations, signifies a significant step towards ensuring transparency and bolstering the nation’s

November 22, 2023

Business·News·Oil & Gas

Union Bank Partners UGEAP To Fuel Renewable Energy Development In Nigeria

Universal Green Energy Access Programme (UGEAP) based in Luxembourg and Union Bank of Nigeria have solidified the groundwork for a strategic alliance aimed at propelling the growth of the renewable energy sector in Nigeria. This collaboration, signified by the initial signing of a Memorandum

November 22, 2023

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Hits N630.63/Litre, Diesel N1004.98/Litre In October- NBS

In a revelation by the National Bureau of Statistics (NBS) on Wednesday, the average retail prices of petrol and diesel soared in October 2023. The NBS’s Petrol Price Watch for October disclosed that the average price of petrol reached an eye-watering N630.63 per

November 22, 2023

Umahi Unveils 2,097 Road Projects Nationwide, Highlights Funding Challenges

Business·News

Umahi Unveils $35 Billion Plan For Concrete Roads, Ajaokuta Steel Revival

The Minister of Works, David Umahi, disclosed the government’s $35 billion plan to revolutionize road construction nationwide. In a meeting held at the Ministry’s headquarters in Abuja, Umahi emphasized the role of the moribund Ajaokuta steel company, highlighting its contribution of 16%

November 22, 2023

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

NGX Canvasses Government Support For Listed Corporates To Tackle FX Challenges

Temi Popoola, CEO of the Nigerian Exchange Limited (NGX), has called upon the Federal Government and the Central Bank of Nigeria (CBN) to prioritize listed corporates in their procurement processes and streamline access to foreign exchange (FX). “This isn’t just about listing companies

November 22, 2023

Business·News

Airtel Media Roundtable: Highlights Business Developments, Innovation Commitment

In an effort to bolster ties with operational stakeholders and keep the media abreast of its latest developments, Airtel Nigeria held a Media Roundtable, spotlighting significant business developments and reaffirming their commitment to innovation The event which took place at Radisson Hotel Ikeja

November 22, 2023

Business·News

FIRS Urges Non-Domestic Oil Shipping Companies To Comply With Tax Laws In Nigeria

In a bid to bolster revenue for the government, the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, emphasized the necessity for non-domestic companies involved in shipping crude oil from Nigeria to adhere to the country’s tax laws. Addressing attendees during

November 22, 2023

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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 371

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

TotalEnergies Confirms Containment Of Egina FPSO Oil Leak

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

MWUN Rejects Govt’s Plan To Re-float National Shipping Line Amid Unresolved Employee Benefits

Nigerian Lawmakers Order Probe Into Revenue Leakages Among Government Agencies

Union Bank Partners UGEAP To Fuel Renewable Energy Development In Nigeria

Petrol Hits N630.63/Litre, Diesel N1004.98/Litre In October- NBS

Umahi Unveils $35 Billion Plan For Concrete Roads, Ajaokuta Steel Revival

NGX Canvasses Government Support For Listed Corporates To Tackle FX Challenges

Airtel Media Roundtable: Highlights Business Developments, Innovation Commitment

FIRS Urges Non-Domestic Oil Shipping Companies To Comply With Tax Laws In Nigeria

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