FG begins sale of crude in naira to Dangote refinery
The Federal Government has commenced the sale of crude oil to local refineries, with transactions conducted in Naira in significant development aimed at easing pressure on the Naira, cutting transaction…
External reserves rise by $424.68m in 11 days – Report
Nigeria's external reserves saw a notable increase of $424.68 million between August 30 and September 10, climbing from $36.305 billion to $36.730 billion. This 1.17% rise over 11 days reflects…
Caverton Offshore Support’s share price soars by 65% in Sept
Caverton Offshore Support, a prominent marine and aviation logistics firm, has witnessed its share price skyrocket by more than 65% month-to-date on the Nigerian stock market. The company, which serves…
Binance lists Hamster Kombat token on platform
Binance, the world’s largest cryptocurrency exchange, has officially announced the listing of Hamster Kombat tokens on its platform and has invited the project to participate in the Binance Launchpool. This…
NERC imposes N1.69bn fine on AEDC for overbilling customers
The Nigerian Electricity Regulatory Commission has imposed a fine of N1.69 billion on the Abuja Electricity Distribution Company for overbilling its customers from January to September 2023. This penalty results…
Govt policies stall $1.2bn subsea gas pipeline project — Dangote
The Vice President of Dangote Industries Limited, Mr. Devakumar Edwin, has revealed that government policies was responsible for the company’s decision to abandon plans for a 1,200km subsea gas pipeline…
OpenAI launches ‘strawberry’ AI models to tackle complex prompts
OpenAI, backed by Microsoft, unveiled its latest "Strawberry" series of AI models, designed to spend more time processing answers to handle more complex and challenging queries. According to OpenAI, the…
Bank of Industry gives N3bn to support Katsina businesses
The Bank of Industry has donated N3 billion to Katsina State to support local businesses. The Katsina State Government announced the donation on September 12, 2024, via its official X…
FG provides free CNG conversion at six Lagos locations
The Federal Government's Presidential Compressed Natural Gas Initiative will allow Lagos residents to convert their vehicles to CNG for free on Friday, September 13, from 3pm to 6pm at six…
Electricity trading company seeks five-year licence renewal
Nigerian Bulk Electricity Trading Plc has formally requested the renewal of its operating licence from the Nigerian Electricity Regulatory Commission, emphasizing its significant contributions to the power sector. NBET’s current…
Economic Assembly seeks G20 fund development for low-Income nations
The Economic Development Assembly is urging G20 nations to support the World Bank’s IDA21 to address development challenges in low-income countries. This call will be highlighted at the inaugural Economic…
FG, UK sign agreements for N589bn investment in key sectors
The Federal Government of Nigeria and the United Kingdom have finalized eight partnership agreements that will inject N589 billion (£272.6 million) into critical sectors of the Nigerian economy. The agreements…
