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News - Page 845

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

Maintaining Healthy Diet For Nigerians Surge From N703 To N786- NBS Reveals

Business News·News

Cost Of Maintaining Healthy Diet In Nigeria Surges To N786 – NBS

The National Bureau of Statistics (NBS) disclosed yesterday that the average cost of maintaining a healthy diet for Nigerian adults has surged from N703 in October to N786 in December 2023. The announcement came during the unveiling of the “Cost of a

February 2, 2024

Business News·News

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

In a turn of events, the Economic and Financial Crimes Commission (EFCC) launched a crackdown on Bureau de Change (BDC) operators, sending shockwaves through the financial markets. The operation aimed to apprehend both sellers and buyers of forex, raising questions about the

February 2, 2024

Africa·Sports

AFCON 2023: Senegalese Referee, Sy, Set To Officiate Nigeria Versus Angola Quarterfinals Game

Senegalese official Issa Sy has been confirmed by the Confederation of African Football (CAF) as the centre referee when Nigeria take on Angola on Friday (February 2) in the first quarterfinals game of the 2023 Africa Cup at the Stade Félix Houphouët-Boigny

February 2, 2024

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business News·Finance & Economy·News

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Nigeria has witnessed a surge in currency in circulation (CIC), with an increase of N890 billion within the short span of three months under the leadership of Governor Cardoso at the Central Bank of Nigeria (CBN). The latest money and credit statistics

February 2, 2024

Africa·News·Sports

AFCON 2023: Lookman Scores Vital Goal As Super Eagles Overcome Angola, Await South Africa Or Cape Verde

Nigeria's Super Eagles will face the winner of the Cape Verde versus South Africa quarterfinals game in the 2023 Africa Cup of Nations in Cote d'Ivoire, reports Prime Business Africa.

February 2, 2024

Nigeria's Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

News·World News

Israel-Hamas: Ceasefire Rumors, Refinery Outage Trigger 2% Drop In Oil Prices

Oil prices experienced a 2% decline on Thursday, attributed to unverified reports of a possible ceasefire between Israel and Hamas, alongside a major U.S. refinery shutting down due to a power outage. Despite Qatari officials denying the ceasefire, Hamas allegedly responded positively

February 2, 2024

News·Technology

Elon Musk Pleads With Advertisers To Return X Amid Controversies, Pledges Commitment to Child Safety

In a move, X, owned by Elon Musk, formerly Twitter, is reaching out to advertisers, emphasizing a commitment to child safety. CEO Linda Yaccarino’s plea follows Musk’s dismissal of advertiser concerns, aiming to distinguish X from other platforms amidst impending regulations. The

February 2, 2024

News·Sports

Mainoo’s Stunning Late Winner Gifts Man United Win Over Wolves

Manchester United late Thursday night snatched a dramatic win against resilient Wolverhampton Wanderers 4-3 in a breathtaking Premier League game that produced a couple of great moments.

February 2, 2024

Anambra Traders Ignore Sit-at-home Order Open Markets

News

Lagos Traders Battle Uncertainty As Government’s 14-Day Ultimatum Approaches

Traders in the Balogun and Breadfruit markets in Lagos Island are gripped with anxiety as the 14-day quit notice issued by the Lagos State Government approaches.

February 2, 2024

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business News·News

Nigeria’s Forex Crisis Rooted In Weak Industrial Capacity – LCCI

Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry, revealed that Nigeria’s prolonged foreign exchange crisis stems from its feeble industrial capacity. Idahosa emphasized the absence of a determined will to embark on an industrial revolution capable of revitalizing the

February 2, 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 845

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

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

Cost Of Maintaining Healthy Diet In Nigeria Surges To N786 – NBS

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

AFCON 2023: Senegalese Referee, Sy, Set To Officiate Nigeria Versus Angola Quarterfinals Game

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

AFCON 2023: Lookman Scores Vital Goal As Super Eagles Overcome Angola, Await South Africa Or Cape Verde

Israel-Hamas: Ceasefire Rumors, Refinery Outage Trigger 2% Drop In Oil Prices

Elon Musk Pleads With Advertisers To Return X Amid Controversies, Pledges Commitment to Child Safety

Mainoo’s Stunning Late Winner Gifts Man United Win Over Wolves

Lagos Traders Battle Uncertainty As Government’s 14-Day Ultimatum Approaches

Nigeria’s Forex Crisis Rooted In Weak Industrial Capacity – LCCI

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

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

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

Iran Conflict Pushes South African Fuel Prices Sharply Higher

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

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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