CBN disburses N1.73tn for food imports in six months
The Central Bank of Nigeria in the second quarter of 2024 allocated $547.7 million (N823.19 billion at the official exchange rate of…
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Boeing makes new offer to union to end prolonged strike
Boeing and the union representing striking machinists have reached a new contract proposal aimed at ending a prolonged walkout that has severely…
TotalEnergies to finalize investment deal in north offshore project – Lokpobiri
The Minister of Petroleum Resources, Heineken Lokpobiri, has announced that TotalEnergies is prepared to finalize an investment deal in the North Offshore…
FG launches export skills centre, eyes $422m fashion e-commerce market
The Federal Government has officially launched the Export Skills Acquisition Centre in Apapa, Lagos, with the goal of tapping into Nigeria’s burgeoning…
NNPC trains over 1,000 mechanics on CNG vehicle conversion
The Nigerian National Petroleum Corporation Retail Limited, a subsidiary of NNPC, has successfully trained over 1,000 mechanics across Nigeria on the technical…
NERC confirms national grid collapse following Jebba transformer explosion
The Nigerian Electricity Regulatory Commission has confirmed the collapse of the national grid, caused by an explosion at a current transformer in…
Cuba begins gradual power restoration after nationwide blackout
Cuba began restoring limited power by Friday evening after a nationwide blackout caused by the collapse of a major power plant. Although…
Cuba begins gradual power restoration after nationwide blackout
Cuba began restoring limited power by Friday evening after a nationwide blackout caused by the collapse of a major power plant. Although…
National grid faces third collapse in a week
Nigeria’s national power grid has collapsed for the third time in a week, with the latest incident occurring on Saturday morning. This…
FG seeks fresh $500m W’Bank loan to boost basic education
The Federal Government of Nigeria is in negotiations for a $500 million loan from the World Bank aimed at enhancing basic education.…
Lagos to introduce tax incentives for startups in innovation bill
The Lagos State Government has announced plans to offer tax incentives and other benefits to startups operating within the state, as part…
ICYMI: Chevron discovers oil field with 17,000bdc capacity
Chevron Nigeria Limited has announced the discovery of a new oil field with an estimated production capacity of 17,000 barrels of oil…