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Finance & Economy - Page 323

Ajaero’s Arrest By DSS ‘A Brazen Act Of Lawlessness, Intimidation’ – NLC

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

The Nigeria Labour Congress (NLC) has opposed plans by the federal government to grant a ₦3 trillion bailout to privately owned electricity generation companies, arguing that the move will not resolve the country’s power supply challenges. In a statement signed by its

February 20, 2026

Finance & Economy

Nigeria’s Loans From World Bank, AfDB Increase To $14.35bn Under Buhari

NIGERIA’S debt to the World Bank and the African Development Bank increased from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown. This simply means that the commitment of the banks

August 2, 2021

News·Oil & Gas

NNPC Rakes In N2.129trn From Product Sales In One Year

NNPC THE Nigerian National Petroleum corporation (NNPC) has made total revenue of N2.129 trillion from the sales of petroleum products between March 2020 and March 2021. The Federal Government owned oil company disclosed this in its Monthly Financial and Operation Reports (MFOR),

August 2, 2021

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

News·Oil & Gas

Petroleum Consumption Leaps To 340m Litres In One Month – NNPC

NNPC Figures released by the Nigerian National Petroleum Corporation (NNPC) has shown that the consumption of petroleum in Nigeria has increased by 340 million litres within a space of one month. According to data contained in its March 2021 financial and operations

August 2, 2021

News·Oil & Gas

Shell Appoints Elohor Aiboni As First Female MD

Elohor Aiboni. Photo credit: Google Elohor Aiboni has been named as Managing Director of Shell’s Nigeria deep water business, Shell Nigeria Exploration and Production Company, which took effect from 1st August 2021. This was announced in a statement released on Sunday which

August 2, 2021

Agro-Economy·News

3,300 Youths Train For Skills In Agribusiness

Governor Seyi Makinde The Oyo State Government has signed a memorandum of understanding with the CSS Global Integrated Farms in Nasarawa State to train 3,300 youths from the state on agriculture and agribusiness. The state governor, ‘Seyi Makinde, made this disclosure at

August 1, 2021

Finance & Economy·News

Crypto Users Rose To 221 Million In June – Report

The number of global crypto users increased to 221 million in June 2021, according to latest report by Crypto.com. Titled ‘Measuring global crypto users: A study to measure market size using on-chain metrics, July 2021’, the report revealed that January, February and

August 1, 2021

Agro-Economy·News

WACOT To Increase Production Capacity To 240,000 Tonnes

The West African Cotton Limited (WACOT) plans to double capacity in Argungu Local Government Area of the state, Kebbi State. Gov. Atiku Bagudu of Kebbi State stated this when he visited WACOT rice company where he had a meeting on Friday with

August 1, 2021

Agro-Economy·News

Atiku Wants Decisive Action To Prevent Impending Food Crisis

A former vice president of Nigeria, Atiku Abubakar, is demanding proactive and decisive moves by the Federal Government to address food crisis in the country. Atiku, in a statement on Friday, cited the spate of insecurity as a major cause of food

July 31, 2021

Agro-Economy·News

Nigeria, 22 Others In Danger Of Acute Food Insecurity – Report

Nigeria is among 23 hunger hotspots where conflict, economic repercussions of COVID-19 and climate crisis are expected to drive higher levels of acute food insecurity in the next for months. This was revealed in a new report by UN’s Food and Agriculture

July 31, 2021

Entrepreneurship·Finance & Economy·News

Lafarge Declares Profit Of N19.19bn In Q2 2021

Cement production company, Lafarge Africa (Wapco) Plc declared a 25.75% growth in net profit for second quarter of year (Q2 2021). Lafarge recorded 29.40% increase in revenue, taking revenue for the period to N73.55 billion from N56.84 billion in the same quarter

July 31, 2021

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By Lukman Otunuga In a welcome development for Nigeria’s economy,

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Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

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Finance & Economy - Page 323

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

Nigeria’s Loans From World Bank, AfDB Increase To $14.35bn Under Buhari

NNPC Rakes In N2.129trn From Product Sales In One Year

Petroleum Consumption Leaps To 340m Litres In One Month – NNPC

Shell Appoints Elohor Aiboni As First Female MD

3,300 Youths Train For Skills In Agribusiness

Crypto Users Rose To 221 Million In June – Report

WACOT To Increase Production Capacity To 240,000 Tonnes

Atiku Wants Decisive Action To Prevent Impending Food Crisis

Nigeria, 22 Others In Danger Of Acute Food Insecurity – Report

Lafarge Declares Profit Of N19.19bn In Q2 2021

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Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

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