Nasarawa ends joint account with LG
Governor Abdullahi Sule of Nasarawa State has abolished the joint account system between the state government and the 13 local government areas. This was disclosed by the Senior Special Assistant…
Chevron plans expansion in Nigeria, others
Chevron Corp. is looking to expand its exploration holdings in key African oil markets, including Nigeria and Angola, as the company anticipates a potential rebound in production despite a history…
MTN seeks additional payment licenses for MoMo
MTN Nigeria has applied for Payment Service Solutions Provider and Payment Terminal Service Provider licenses for its fintech subsidiary, MoMo Payment Service Bank, signaling its deepening focus on digital payments…
MainOne CEO Funke Opeke resigns
Funke Opeke has stepped down as Managing Director of MainOne for West Africa just weeks after the internet connectivity provider completed its post-acquisition integration with Equinix. Opeke, who founded MainOne…
Personal loans to banks fall by 53.9%
Personal loans owed by Nigerians to commercial banks dropped sharply from N7.52 trillion in the first quarter of 2024 to N3.47 trillion in the second quarter, reflecting a 53.9% decrease.…
Nigerians spend $1bn annually to import vehicles – NADDC
The National Automotive Design and Development Council has ramped up efforts to reduce Nigeria's reliance on imported vehicle components, which costs the country over $1 billion annually. NADDC Director-General, Joseph…
DAPPMAN rejects Dangote refinery’s claim of inferior petrol importation
The Depots and Petroleum Products Marketers Association of Nigeria has firmly rejected claims made by Dangote Refinery that oil importers selling petrol at lower prices than the refinery are importing…
Nigeria needs accurate data for successful energy transition — FG
The Federal Government has highlighted the need for accurate, reliable, and timely energy data to effectively guide and monitor the country’s energy transition process. This was disclosed by the Minister…
FG terminates Julius Berger’s N740bn road contract
The Federal Government of Nigeria has terminated the contract for Section 1 of the Abuja-Kaduna-Zaria-Kano dual carriageway project valued at approximately N740 billion being handled by Julius Berger Nigeria Plc.…
Saudi Aramco records 15% profit drops in 2024 Q3
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year…
Food inflation worsen as imported rice prices rise by 144.77%
The price of imported high-quality rice, sold loose, has surged by 144.77% year-on-year, reflecting the growing challenges in Nigeria's food market. This sharp increase comes as the Federal Government delays…
Trade minister vows to harness AfCFTA for economic growth
The newly appointed Minister of Industry, Trade, and Investment, Jumoke Oduwole, has pledged to leverage the African Continental Free Trade Agreement to maximize benefits for the country. This was disclosed…
