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Business - Page 372

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

Nigeria, Germany Cement Economic Ties With $500 Million Renewable Energy Deal

In a development, Nigeria and Germany solidified their economic partnership through significant agreements signed at the German-Nigerian Business Forum worth $500 million. President Bola Tinubu, addressing attendees in Berlin, emphasized Nigeria’s robust democracy as a magnet for foreign investment. The Forum witnessed

November 22, 2023

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business·News·Oil & Gas

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

The Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has described the destruction of over 5,000 kilometers of oil pipelines by vandals as a national calamity, with the country recording 172 crude oil theft incidents across different states between

November 22, 2023

Business·News

Nigerian Govt Revokes 1,633 Mineral Titles Over Non-payment, Warns Holders To Vacate Immediately

In a move to enforce compliance, the Minister of Solid Minerals Development, Mr. Dele Alake, has wielded the authority granted by the NMMA 2007, Section 5 (a), revoking a total of 1,633 mineral titles. Speaking at a media briefing in Abuja, he

November 21, 2023

Business·Finance & Economy·News

Security Reformation Crucial for Nigeria’s Economic Growth- Former SSS Director

Former Director of the State Security Service, Mike Ejiofor, underscored the critical link between resolving Nigeria’s security challenges and fostering economic development. Ejiofor in an interview on Tuesday on ARISENEWS, aligned with President Bola Ahmed Tinubu’s directive, emphasizing the imperative need to

November 21, 2023

Business·Currency·News·World News

US SEC Sues Kraken, Accelerating Crypto Exchange Regulation

The U.S. Securities and Exchange Commission (SEC) escalated its regulatory crackdown on cryptocurrency exchanges, filing a lawsuit against Kraken, the third-largest global exchange. Accused of operating without regulatory approval, this legal action dashes hopes within the sector of relaxed oversight following unfavorable

November 21, 2023

Business·News

Sterling Bank Partners BuzzFoundation For Community Enrichment Through Ake Arts, Books Festival

Sterling Bank, Nigeria’s commercial bank, reaffirmed its collaboration with the Book Buzz Foundation for the 11th installment of the Ake Arts and Books Festival to enrich communities. Scheduled from November 22nd to 24th, 2023, in Ikeja, Lagos, this partnership underscores Sterling Bank’s steadfast resolve

November 21, 2023

Why Price Of 12.5kg Gas May Hit ₦18k by December In Nigeria

Business·News·Oil & Gas

LPG Refill Costs Soar By 14.04% In October, Adding Pressure on Nigerian Homes

In light of the latest data released by the National Bureau of Statistics, the average retail cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG) surged by 14.04% in October 2023 compared to September 2023. This increase, now at N10,545.87,

November 21, 2023

Eni, Nigerian Govt Pause Oilfield Dispute Arbitration For License Talks

Business·News·Oil & Gas

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Eni, an Italian oil giant, has pressed pause on their arbitration proceedings concerning the OPL 245 oilfield dispute with the Nigerian government. The move aims to open discussions on transforming the license from prospecting to production, potentially unlocking one of Nigeria’s most

November 21, 2023

Business·News

Ogun Govt Gratuity Payment Saves Lives Of LG’s Retirees, Says LOGPAN Chairman

In a turn of events for retirees in Ogun State, the Chairman of the Local Government Pensioners Association of Nigeria (LOGPAN), Benedict Ademoye, commended Governor Dapo Abiodun’s administration for the timely release of gratuities, saving the lives of many local government retirees.

November 21, 2023

Business·News·Oil & Gas

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

The Federal Government of Nigeria has been revealed to have incurred an estimated loss of $16 trillion over the past decade due to natural gas flaring, as detailed in the Energy Institute’s report. Echoing concerns raised in the report, Hebrew Energy disclosed

November 21, 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 372

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

Nigeria, Germany Cement Economic Ties With $500 Million Renewable Energy Deal

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

Nigerian Govt Revokes 1,633 Mineral Titles Over Non-payment, Warns Holders To Vacate Immediately

Security Reformation Crucial for Nigeria’s Economic Growth- Former SSS Director

US SEC Sues Kraken, Accelerating Crypto Exchange Regulation

Sterling Bank Partners BuzzFoundation For Community Enrichment Through Ake Arts, Books Festival

LPG Refill Costs Soar By 14.04% In October, Adding Pressure on Nigerian Homes

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Ogun Govt Gratuity Payment Saves Lives Of LG’s Retirees, Says LOGPAN Chairman

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

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

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

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