News
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GENCOS reject FG’s offer to forfeit 50% of N5trn debt
Power generation companies have rejected contract offers from the Federal Government requiring them to accept 50 percent of the total…
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South-west governors launch regional security fund, say state police can no longer be delayed
Governors of Nigeria’s six south-west states on Monday approved the creation of a South-West Security Fund (SWSF) and a joint…
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SMDF, ORDF to create Nigeria’s first mining finance framework
The Solid Minerals Development Fund (SMDF) has partnered with the Ores Reserves Development Forum (ORDF) to develop a mining finance framework…
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NNPC posts ₦5.4trn record profit, as Ojulari sets $60bn energy investment plan
Nigerian National Petroleum Company Limited (NNPCL) has reported a record profit after tax of ₦5.4 trillion for 2024 on revenue…
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United Bank for Africa (UBA) Plc’s Decline Deepens: Stock Hits 52-Week Low Amidst Technical Sell-Off
United Bank for Africa (UBA) Plc, a leading Nigerian bank, is currently trading at a significant discount to its fair…
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Tinubu: Nigeria to establish 1,000 businesses in each ward to stimulate economy
President Bola Tinubu, on Friday, announced Nigeria’s plan to establish 1,000 active businesses in every ward across the country as…
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NEPC, CBI strengthen Nigeria’s ginger industry through five-year sustainability programme
The Nigeria Export Promotion Council (NEPC) says its partnership with the Centre for the Promotion of Imports from Developing Countries (CBI)…
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Customs Introduces One-stop-shop To Cut Demurrage, Cargo Dwell Time At Ports
The Nigeria Customs Service (NCS) said the introduction of the One-Stop-Shop (OSS) initiative will minimise demurrage costs and reduce cargo…
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‘Africa’s Largest’: Nasarawa Governor Sule Launches $400m Rare Earth Processing Plant
Nasarawa State Governor Abdullahi Sule has performed the groundbreaking for a $400 million rare earth and critical metals processing plant…
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Ahead Of Dec 1 Licensing Round Opening, Upstream Regulator Woos More Investors
The commission chief executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, has promised to deliver a transparent 2025…
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