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News - Page 779

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

October 16, 2026

Renaissance Africa Energy has secured financing commitments from 13 banks for a $4.1 billion dollar-denominated portfolio and a separate ₦435 billion facility to support indigenous oil and gas contractors as the company

Africa·News·Top Stories

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

October 16, 2026

Kenya’s military has called for heightened vigilance to protect strategic infrastructure in coastal Lamu as a proposed $16 billion refinery by Nigerian industrialist Aliko Dangote advances, following a court ruling that lifted

Why Nigerian Govt Fails To Meet 6,000MW Power Target – Minister

Business News·News

$2.3bn Siemens Power Project Transformers Arrive Nigeria, Minister Confirms

Minister of Power, Adebayo Adelabu, announced on Sunday that transformers and substations designated for the $2.3bn Siemens power project have reached the country, marking significant progress in the project’s implementation. “In 2018, the Nigerian government signed a memorandum of understanding with the

April 8, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business News·Markets·News

Volatile Week As Equity Market Sheds N623bn In Value

Last week, the equity market in Nigeria faced turbulence, losing N623bn in value as fund managers maneuvered their portfolios ahead of the impending first-quarter results. The market indices took a hit, with a decline of 1.08 percent, settling at 103,437.67 points, while

April 8, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business News·Finance & Economy·News

CBN Explains $950m Drop In External Reserves In 17 Days

Nigeria’s Central Bank, CBN, shed light on the drop of $950 million in the nation’s external reserves over 17 days, marking a notable economic shift in the country. According to recent data from the CBN, the country’s foreign exchange reserves declined from

April 8, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Markets·News·Oil & Gas·World News

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Crude oil prices have surged beyond $90 a barrel, riding on the wave of escalating global tensions. Analysts attribute the spike to apprehensions surrounding potential supply disruptions, primarily fueled by the ongoing conflict between Israel and Iran. “Geopolitical tensions are driving the

April 8, 2024

Naira Ends Week With N59.71 Gain At Official Market

Business News·Markets·News

Bureaux De Change Operators Urge CBN To Lower Exchange Rate

The Association of Bureaux De Change Operators of Nigeria (ABCON) has made a pressing appeal to the Central Bank of Nigeria (CBN) to consider adjusting its applicable exchange rate. ABCON’s National President, Aminu Gwadabe, emphasized the need for a lower exchange rate

April 8, 2024

News

PeacePro Calls On Nigerian Govt To Investigate Allegations Of NGOs Sponsoring Terrorism Against IDPs In North East

Following reports by several media outlets about an NGO recruiting and paying individuals to burn down Internally Displaced Persons (IDPs) camps across North East Nigeria, a peacebuilding think tank, Foundation for Peace Professionals also known as PeacePro has called on the federal

April 8, 2024

News

Publish Your Assets Now, PTD Tells Afolabi Olawale As DSS, EFCC Set To Extend Probe To NUPENG

Ahead imminent probe by the EFCC and the DSS into the bank accounts of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), General Secretary of the union, Afolabi Olawale, has been urged to openly declare and publish his asset alongside his

April 7, 2024

Power Tussle Deepens Between WPG, Eko DisCo Management Board Amid Allegations Of Ghost Workers

News·Power

REVEALED: The Untold Story Of WPG, Eko DisCo Board, Management Tussle

There are indications of intense power tussle in recent times, between members of management board of Eko Electricity Distribution Company Plc (EKEDC) and West Power & Gas Ltd (WPG Ltd), the parent company of EKEDC over issues surrounding alleged ghost workers. Chairman

April 7, 2024

Cost Of Living Worsens As New Petrol Price Hits Hard On Nigerians

Business News·News

Why Petrol Queues Returned To Lagos, Abuja, Port Harcourt Filing Stations

Fears of possible reduction in petrol price fueled artificial scarcity and caused return of queues at filling stations, especially in Lagos, Abuja and some parts of Port Harcourt this weekend.

April 7, 2024

News

EFCC, Chidi Odinkalu Trade Words Over Bobrisky’s Prosecution

The arrest of Nigerian crossdresser, Idris Okuneye popularly known as Bobrisky, by the Economic and Financial Crimes Commission (EFCC), has led to verbal brickbat between the agency and a former Chairman of the National Human Rights Commission, Prof. Chidi Odinkalu.

April 7, 2024

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China, North Korea Open Long-Delayed Bridge to Facilitate Trade

China and North Korea opened a long-delayed border bridge on

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

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News - Page 779

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

$2.3bn Siemens Power Project Transformers Arrive Nigeria, Minister Confirms

Volatile Week As Equity Market Sheds N623bn In Value

CBN Explains $950m Drop In External Reserves In 17 Days

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Bureaux De Change Operators Urge CBN To Lower Exchange Rate

PeacePro Calls On Nigerian Govt To Investigate Allegations Of NGOs Sponsoring Terrorism Against IDPs In North East

Publish Your Assets Now, PTD Tells Afolabi Olawale As DSS, EFCC Set To Extend Probe To NUPENG

REVEALED: The Untold Story Of WPG, Eko DisCo Board, Management Tussle

Why Petrol Queues Returned To Lagos, Abuja, Port Harcourt Filing Stations

EFCC, Chidi Odinkalu Trade Words Over Bobrisky’s Prosecution

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Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

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