Business and Economy

Abia secures $125m loan approval from Islamic Development Bank – Gov. Otti

By Leonard Okachie Umuahia, March 18, 2024 Gov. Alex Otti of Abia says the Islamic Development Bank(IDB) has approved a…

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JX, Chevron agree on Asia-Pacific CO2 capture, storage projects

San Jose (California), March 19, 2024 JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, a division of…

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Energy Transition: Kyari joins global energy leaders at CERAWeek 2024

The NNPC Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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 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…

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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…

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