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Finance & Economy - Page 327

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

Agro-Economy·News

FG In N9 billion rehabilitation project, Hands Over Farmland To Farmers In Jigawa

The Federal Government on Saturday handed over additional 200 hectares of farmland to farmers under its Hadejia Valley Irrigation Scheme (HVIS), a N9 billion rehabilitation project in Auyo, Jigawa. The modern irrigation farmland, which was designed for rice farming in the state,

July 25, 2021

News·Oil & Gas

GAS FLARING: Nigeria Among Top Seven ‘Law Breakers’

…Stop the killings, don’t flare gas except during emergencies, Bassey warns Nigeria is among top seven gas flaring countries for nine years running, according to World Bank’s gas flaring satellite data from 2020 released in April 2021. Gas flaring has been a

July 23, 2021

Naira Ends Week With Marginal Gain Against Dollar

Currency·Finance & Economy·News

Naira Falls Against Dollar At Black Market

Naira marginally fell against the dollar at the parallel market segment on Friday after maintaining stability for five consecutive sessions simultaneously. The local unit clinched a pronounced gain at the official market after it also remained unchanged in the previous session on

July 23, 2021

News·Oil & Gas

Nigerians Reel Under High Cost Of Cooking Gas

The surge in costs of cooking gas is a major source of worry to many Nigerians, who now purchase gas at very high prices. In less than months, prices jumped by as much as 45 percent, from N4700 (for 12.5kg cylinder) to

July 23, 2021

Finance & Economy·News

Nigeria Set To Join Countries Using Digital Currency In October

Before the end of this year, Nigeria would have joined countries like South Africa, Tunisia, Ghana , Sweden, Japan, South Korea, and Russia in using digital currency. This follows the disclosure by the Central Bank of Nigeria (CBN) that the country would

July 23, 2021

News·Oil & Gas

Nigeria Set To Lose N319.56bn To Gas Flaring By End Of Year

Nigeria stands to lose as much as N319.56 billion to gas flaring by the end of the year, according to data analysed by Prime Business Africa. Latest data from the Nigerian National Petroleum Corporation (NNPC), as reported earlier by Prime Business Africa

July 23, 2021

Finance & Economy

InfraCredit Receives AAA Rating From GCR, Agusto

Infrastructure Credit Guarantee Company Limited said it has received AAA credit rating from Agusto & Co and Global Credit Ratings. InfraCredit is a credit guarantee institution backed by the Africa Development Bank, the Nigeria Sovereign Investment Authority and some other financial institutions

July 23, 2021

News·Oil & Gas·Uncategorized

Petrol Scarcity Looms In Rivers As Tanker Drivers Continue Strike

The ongoing Petroleum Tanker Drivers Union (PTD) strike can lead to fuel scarcity, Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers chapter has warned. Expressing the worry in a statement on Thursday in Port Harcourt, the IPMAN Rivers Chairman, Mr Joseph Ebele,

July 23, 2021

News·Oil & Gas

NETCO Posts N3.37bn Profit, Declares N400m Dividend

The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N3.37 billion for the year ended Dec. 31, 2020. Mr Adeyemi Adetunji, Chairman, Board of Directors, NETCO, made the

July 23, 2021

Finance & Economy·News

Our Loans Will Help Nigeria Grow, China Explains

MR. Cui Jianchun, Ambassador of the People’s Republic of China to Nigeria, says his country’s loans to Nigeria are of mutual benefit. Jianchun explained that this was because Nigeria and China had a history of good friendship and bilateral relations. The envoy

July 23, 2021

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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 327

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

FG In N9 billion rehabilitation project, Hands Over Farmland To Farmers In Jigawa

GAS FLARING: Nigeria Among Top Seven ‘Law Breakers’

Naira Falls Against Dollar At Black Market

Nigerians Reel Under High Cost Of Cooking Gas

Nigeria Set To Join Countries Using Digital Currency In October

Nigeria Set To Lose N319.56bn To Gas Flaring By End Of Year

InfraCredit Receives AAA Rating From GCR, Agusto

Petrol Scarcity Looms In Rivers As Tanker Drivers Continue Strike

NETCO Posts N3.37bn Profit, Declares N400m Dividend

Our Loans Will Help Nigeria Grow, China Explains

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

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