FG to raise N150bn from bond market in Sept 2024
The Federal Government, via the Debt Management Office is set to raise N150 billion from the bond market in September 2024. This…
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Over $500m investment attracted via PPP projects – Infrastructure commission
The Federal Government of Nigeria has reported attracting more than $500 million through Public-Private-Partnership projects over the past year, as announced by…
TCN repairs vandalized transmission towers in Bayelsa
The Transmission Company of Nigeria has successfully repaired and erected 13 of the 16 transmission towers that were vandalized along the Ahoada-Yenagoa…
Fuel price hike driven by high taxes – OPEC
The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has stated that taxes imposed by major oil-consuming nations…
Major marketers start petrol lifting from Dangote refinery
The Nigerian National Petroleum Company Limited has granted major petroleum marketers permission to begin lifting premium motor spirit, commonly known as petrol,…
Pension assets jumps to N20.79tn in July – PenCom
The Acting Director-General of the National Pension Commission, Omolola Oloworaran, has announced that pension fund assets under the Contributory Pension Scheme have…
NNPC-branded truck with stolen crude seized
Security agents have confiscated a truck bearing the logo of the Nigerian National Petroleum Company Limited for transporting stolen crude oil in…
Nigeria’s aviation rating hits 70.5 – Minister
Nigeria’s aviation rating has surged to 70.5, reflecting the country’s full compliance with the Cape Town Convention on dry-leasing of aircraft. This…
Heineken suspends loan interest to Nigerian Breweries amid financial reform
Nigerian Breweries PLC has received significant support from its parent company, Heineken, which disclosed that it has suspended interest payments on loans…
Lagos to partner Portugese firm for proposed Lekki-Epe International Airport
The Lagos State Government is considering a collaboration with the Portuguese construction firm Mota-Engil Consortium to build the proposed Lekki-Epe International Airport.…
FG not responsible for Dangote pipeline abandonment – Minister
The Ministry of Petroleum Resources (Gas), Ekperikpe Ekpo has addressed media reports regarding the Dangote Group’s abandonment of a proposed 1,200km subsea…
Naira falls to N1,656/$1 amid Inflation slowdown
The exchange rate of the naira against the US dollar fell to N1,656.49 at the official Investor and Exporter (I&E) window, reflecting…