The NNPC Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to 22nd March 2024. GCEO, NNPC Ltd, Mr. Mele Kyari will headline the Plenary Session titled “Leadership Dialogue” on Tuesday, March 19th, 2024, at the annual strategic conference. Same day, NNPC …
Read More »St. Lucia receives $6 Million as Afreximbank makes historic first disbursement from Caribbean Office
The facility will help in the infrastructure rehabilitation of St. Lucia, including 25 schools damaged during tropical storm Bret which affected the country in June 2023 CAIRO, Egypt The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced that it has successfully executed its first facility disbursement from its recently-established Caribbean Office …
Read More »Dangote lauds Lagos Govt. on consumer rights advocacy
…says, manufacturers must focus on consumers’ rights. The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote, on Friday lauded and congratulated the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that consumers have the …
Read More »Undersea cable cut: MainOne restores service to some customers
By Stellamaris Ashinze Lagos, March 16, 2024 MainOne, a Digital Infrastructure Service Provider on Saturday said that it had restored service to some customers and was actively working on restoring all services through capacity acquired on available cable systems. The organisation made this known via a statement on its website …
Read More »Uzodimma, Oramah meet, explore investment potentials in Imo
Governor Hope Uzodimma of Imo State has met with the President of Africa Export Import ( Afrexim) Bank, Prof Benedict Oramah in Cairo, Egypt where the duo discussed in details the investment potentials of Imo State. During his inauguration for a second term in office early this year, Governor Uzodimma …
Read More »Undersea cable cut: Mainone declares force majeure, explains steps for restoration
By Stellamaris Ashinze Lagos, March 15, 2024 MainOne, a Digital Infrastructure Service Provider, on Friday declared a force majeure, and explained steps taken to restore internet connection to service providers. Mainone said in a statement on its website that it became necessary to declare a force majeure subsequent to testing …
Read More »UTM solicits NCDMB’s equity investment, approvals for Floating LNG Project
UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on Wednesday at the Nigerian Content …
Read More »FG’s Executive Order on Oil and Gas will unlock gas investments – NLNG MD
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR). According to Dr. Mshelbila, this executive action will be crucial in unlocking the development …
Read More »NCDMB lauds President Tinubu’s oil sector Executive Orders for reinforcing NOGICD Act, SLA
The Executive Secretary (ES) of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costs and timelines, …
Read More »NNPC Ltd solicits EFCC’s support in fight against crude oil theft
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country. The Group Chief Executive Officer (GCEO) of the company, Mr. Mele Kyari, made the appeal at an interactive session with …
Read More »Heirs Holdings to lead Africa’s digital evolution, launches Heirs Technologies
Lagos, Nigeria – 11/03/2024 Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to …
Read More »Revoke unlawful directive to block Nigerians’ phone lines or face legal action, SERAP tells NCC
Socio-Economic Rights and Accountability Project (SERAP) has urged Dr. Aminu Maida, the Chief Executive Officer of the Nigerian Communications Commission (NCC) “to immediately revoke the apparently unlawful directive to network providers to bar the phone lines of millions of Nigerians who have linked their SIM cards to their National Identification …
Read More »Only the President can reopen borders – Customs boss
By Abbas Bamalli Mai’adua (Katsina State), March 9, 2024 The Comptroller-General of Customs, Mr. Adewale Adeniyi, on Saturday, said that only President Bola Tinubu has the prerogative to reopen borders in the country. He stated this at an interaction session with members of the Kongolam border community in Mai’adua Local …
Read More »NASCON Allied Industries declares a dividend, and bonus as Profit grows by 151%
Leading food seasoning manufacturer, NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 percent to N13. 73 billion for the financial year ended December 31, 2023. A review of the company’s 2023 annual results and accounts indicated that profit after tax …
Read More »CBN reports upsurge in Dollar inflow as remittances quadruple; Foreign investors return
ABUJA The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign portfolio investors. Speaking with newsmen in Abuja, the Bank’s Acting Director of …
Read More »Tinubu signs Executive Orders on oil, gas reforms
President Bola Ahmed Tinubu has executed Policy Directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil & gas sector in Africa. A statement by his Special Adviser (Media & Publicity), Ajuri Ngelale did this “in keeping with his dedicated efforts to remove …
Read More »Afreximbank tops loan market rankings in Bloomberg’s 2023 Capital Markets league tables for Sub-Saharan Africa
CAIRO, Egypt, March 4, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been ranked number one in all three categories in the Bloomberg Capital Markets League Tables Report for African Capital Markets. Afreximbank is ranked as number one Mandated Lead Arranger, Bookrunner, and Administrative Agent for Sub-Saharan Africa Borrower Loans. These rankings recognize the Bank’s leadership …
Read More »Enforce anti-gas flaring regulations in Niger Delta, Nwoko tells FG
By Deborah Coker Abuja, March 5, 2024 Senator Ned Nwoko has called on the Federal Government to urgently enforce the regulations on gas flaring and venting of natural gas in the Niger Delta region. Nwoko, who represents Delta North Senatorial District at the Senate, made the call on Tuesday, during …
Read More »Transcorp Power lists 7.5bn shares on NGX
Management team of Transcorp Power, NGX at the listing of the company on the Exchange on Monday in Lagos By Rukayat Adeyemi Lagos, March 4, 2024 Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), on Monday listed 7.5 billion ordinary shares at N240 per share of 50k …
Read More »Market capitalisation gains N1.86trn as TransPower lists on NGX
By Rukayat Adeyemi Lagos, March 4, 2024 The Nigerian Exchange Ltd.(NGX) equity market on Monday opened positively, as gains in newly listed Transcorp Power Plc and 22 others grew the overall market capitalisation by N1.86 trillion. The News Agency of Nigeria(NAN) reports that Transcorp Power earlier listed 7.5 billion shares …
Read More »Transcorp Group announces listing of Transcorp Power PLC on Nigerian Exchange
Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024. According to a statement signed by Stanley Chikwendu, the Group Company …
Read More »Tinubu welcomes multi-sectoral agreements with Qatar; Set to receive Qatar’s investment team in Abuja
President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment …
Read More »Investors oversubscribe CBN N1 Trillion OMO Bills
ABUJA The Central Bank of Nigeria (CBN), on Friday, March 1, 2024, successfully concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise. The CBN offered N500 Billion at the Open Market Operations (OMO) auction and oversubscribed, selling N1.053 …
Read More »Geometric Power, National Control Centre map out programme on electricity supply to Aba
Geometric Power Ltd and the National Control Centre (NCC) at Oshogbo in Osun State have developed a timetable on how electricity will be supplied to all parts of the Aba Ring-fenced Area in Abia State following the commissioning of the Aba Independent Power Project (IPP) by Vice President Kashim Shettima …
Read More »Gas needed to meet demands of industrialisation in Africa – NLNG
Nigeria LNG Limited (NLNG) on Thursday in Abuja said there is real demand for clean energy such as gas in Africa to trigger a massive take-off for industrialisation, with a growing young population, abundant natural resources, and emerging internal markets. In an industry speech on Day four of the 7th …
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