Nigeria's largest local investment, the Dangote Refinery and Petrochemical Plant, faces significant challenges, but promises economic growth and job creation.
Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.
The Federal Government of Nigeria launches the Labor Employment and Empowerment Programme (LEEP), targeting the creation of 2.5 million jobs in an effort to reduce poverty and promote economic growth.
The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.
Nigeria’s auditor flags £14.3 million in unverified spending at NNPC’s London office, intensifying scrutiny of the oil company’s financial controls