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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.
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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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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.
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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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President Tinubu Appoints Olatunji Bello as Head of FCCPC

Olatunji Bello is nominated to lead FCCPC, bringing extensive legal and administrative expertise to enhance consumer protection in Nigeria.
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Apps Drive ₦1.22 Trillion Loan Demand in One Year

Mobile loan apps have driven a ₦1.22 trillion loan demand in Nigeria over the past year, highlighting the impact of digital lending on financial inclusion.
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Civil Society Groups Back Nigerian Bank Recapitalization Plans

Nigerian civil society groups support the government's plan to strengthen banks through recapitalization. The move aims to boost the economy by creating healthier banks that attract investors. However, concerns linger about potential resistance efforts, highlighting the need for transparency and collaboration.
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Government Inaction on Import Levy Worsens Medical Cost Crisis

High import levies on medical products in Nigeria continue to drive up healthcare costs, affecting affordability for patients across the nation.
Business

Nigeria Advances $1 Billion Sale of Five Power Plants

Nigeria is finalizing the sale of five key power plants in a $1.15 billion deal to enhance its energy sector and economic growth.
Business

Dangote Accuses IOCs of Undermining Nigerian Refinery

Dangote accuses international oil firms of plotting against its Nigerian refinery, calling for government intervention.
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Nigeria Faces Rising Engine Oil Costs Amid Forex Crisis

Nigeria's engine oil prices soar due to refinery absence and forex crisis, leading to an influx of fake products and endangering millions of vehicles.
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Locally Sourced Gold Injects N6bn into Nigerian Economy

The National Gold Purchase Programme has injected N6 billion into Nigeria’s economy through locally sourced gold, strengthening foreign reserves and supporting local miners.
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Lagos DPP Drops Charges Against Community Chief Owonla

Lagos DPP dismisses charges against Chief Moruf Owonla, a community leader, following the emergence of new evidence in a land dispute. The evidence confirms Owonla's rightful claim to the land.
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 Tinubu Applauds $5M Boost in Foreign Reserves from Gold Transaction

President Tinubu celebrates a $5 million gold transaction, marking a significant milestone in Nigeria's economic diversification under the Renewed Hope Agenda.
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News

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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