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Nigeria’s Gas Exports Drop 25% Amid Low Output and Market Exits

Nigeria's gas exports have fallen by 25% due to low production and market exits, posing significant challenges for the economy and its global energy market role.
News

NMDPRA Refutes Dangote Refinery’s Allegations, Says No Dirty Fuel in Nigeria

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is refuting claims made by Dangote Refinery that the agency grants import licenses for low-quality fuel without proper checks. The NMDPRA emphasizes its commitment to ensuring clean fuel imports while acknowledging the deregulated market that...

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Business

FG Seeks Additional $4.4 Billion Loan as Debt Hits N101 Trillion

Nigeria anticipates fresh loans totaling $4.4 billion to fund development in energy, education, and economic reforms amidst rising national debt.
Business

Rail Growth Reaches Two-Year High as Transport Sector Exits Recession

Nigeria's rail transport sector reaches a two-year high, signaling recovery from recession driven by investments and policy reforms
Business

Bravura Holdings unveils Zimbabwe’s first world-class lithium upgrade facility at Victoria Falls Mining Indaba

At the Victoria Falls Mining Indaba, Bravura Holdings announces the completion of Zimbabwe's first world-class lithium upgrade facility, enhancing beneficiation capabilities.
Business

CBN’s Naira Stabilization Efforts is Ineffective, Says Peterside

Atedo Peterside criticizes CBN’s approach to stabilizing the naira, calling for a more sustainable and market-aligned strategy as the currency hits N1500/$.
Business

Businesses brace as Telcos’ Financial Strain Imperils Network Quality

Telecommunication companies face a mounting financial squeeze, casting a shadow over the reliability of...
Business

Tuggar to Represent Tinubu at US Summit Due to Shettima’s Faulty Jet

After a technical issue with the presidential jet, Minister Yusuf Tuggar will represent President Tinubu at the 2024 US-Africa Business Summit in Dallas.
Business

Wema Bank Cracks Down on Seven Fintech Partners Over Fraud

Wema Bank has suspended seven fintech partners amid rising fraudulent activities, launching an aggressive anti-fraud campaign to safeguard customer transactions and data.
Business

GTCO Plans $750mn Rights Issue to Meet Capital Requirements

Nigeria’s Guaranty Trust Bank (GTCO) is gearing up to raise $750 million through a...
Business

13 Banks to Raise N3.31 Trillion, CBN Sets New Capital Rules

In response to CBN's updated capital requirements, Nigerian banks are tasked with raising N3.31 trillion, aiming to bolster financial resilience and support economic growth.
Business

Nigerian Stocks Surge, Banking Sector Leads with N4.4 Trillion Gain

Stock investors in Nigeria saw a N4.4 trillion gain in March, led by the banking sector, amid economic reforms and turbulence in the foreign exchange market.
Business

Nigeria Secures ¥15 Billion Japanese Grant for Agriculture Boost

The Nigerian government has secured a ¥15 billion grant from the Japanese International Cooperation Agency (JICA), earmarked for the National Agricultural scheme, aiming to enhance the agricultural sector's growth and sustainability.
Business

Business Leader Tinubu Ditches 72nd Birthday Bash for Charity

Renowned Nigerian politician and business mogul, Bola Tinubu, has made a remarkable gesture on...
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Nigeria’s Gas Exports Drop 25% Amid Low Output and Market Exits

Nigeria's gas exports have fallen by 25% due to low production and market exits, posing significant challenges for the economy and its global energy market role.
News

NMDPRA Refutes Dangote Refinery’s Allegations, Says No Dirty Fuel in Nigeria

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is refuting claims made by...
News

Aiteo Poised for Record Revenue in 2024 Despite Past Challenges

Aiteo Eastern E&P Company Limited, led by Nigerian billionaire Benedict Peters, is projected to surpass $700 million in revenue this year, overcoming operational challenges and capitalizing on a rebound in Africa's oil sector.
News

Senate Confirms Progress in N30 Trillion Probe, Ensures Thorough Investigation

The Senate confirms progress in the N30 trillion Ways and Means probe, ensuring a thorough investigation into the facility's usage and economic impact.

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