NERC hands over power market regulation to Nasarawa
The Nigerian Electricity Regulatory Commission has announced the transfer of regulatory oversight of the electricity market in Nasarawa State to the Nasarawa…
Business
MTN overtakes Dangote cement as NGX’s most capitalized stock
MTN Nigeria has emerged as the most capitalized listed company on the Nigerian Exchange, with its market valuation reaching N9.91 trillion at…
Ex-Oman refinery head joins Dangote as petrochemical CEO
Nigeria’s Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and…
US court orders Tesla to pay $329m over autopilot death
A United States jury has ruled that Tesla Inc. is partially liable for a fatal 2019 crash involving its Enhanced Autopilot system,…
FG targets additional 810,000bpd crude from deepwater fields
The Federal Government has announced a new cluster and nodal development initiative aimed at unlocking an additional 810,000 barrels of crude oil…
Tinubu approves one-year extension for Customs boss
President Bola Ahmed Tinubu has approved a one-year extension of the tenure of Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi,…
NigComSat eyes $3b in annual earnings to power digital growth
The Director-General of Nigerian Communications Satellite Limited, Jane Egerton-Idehen, says the agency is targeting an average annual revenue of $3 billion as…
Copper demand surges amid global grid upgrade boom
Copper demand is surging beyond industry expectations, fueled by massive global investments to upgrade and expand power grids in support of the…
Nigerians to become shareholders in $20bn refinery – Dangote
President of the Dangote Group, Alhaji Aliko Dangote, says Nigerians will soon have the opportunity to become shareholders in his $20 billion…
NNPCL drills four oil wells in Bauchi’s Kolmani field
The Nigerian National Petroleum Company Limited has drilled four oil wells in the Kolmani area of Bauchi State, reinforcing its push to…
UAC inks deal to acquire CHI Limited from Coca-Cola
UAC of Nigeria PLC has signed an agreement to acquire CHI Limited, the producer of Chivita and Hollandia brands, from The Coca-Cola…
Trump hits India with 25% tariff over trade, Russian ties
United States President, Donald Trump, announced Wednesday that India will face a 25% tariff starting August 1, along with an additional “penalty”…