The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …
BusinessEconomyEnergyGOVERNMENTNigeriaOil & Gas
Category:
Economy
- BusinessDevelopmentEconomyEventsFinance & Services
Wema Bank Launches N2m Grant for Women Entrepreneurs Ahead of SheCan 6.0 Conference
Wema Bank has announced a N2 million business grant targeted at empowering women entrepreneurs in Nigeria. The grant will be issued through its women-focused platform, SARA by Wema, in collaboration …
- BusinessEconomyEnergyFinance & ServicesOil & Gas
FCT High Court Nullifies ICC Arbitration in Aiteo’s $3bn OML 29 Oil Deal Dispute
An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …
- EconomyEnergyInfrastructureINVESTMENTOil & GasTrade and Commerce
$15bn 500,000 BPD Refinery, Free Trade Zone Set for Ondo as BINL
The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …
- EconomyInfrastructureInternational RelationsINVESTMENTTransportation & Logisitics
Deutsche Bank Leads $747m Loan for Lagos-Calabar Coastal Highway
German financial giant Deutsche Bank has led a group of international and regional lenders to provide a $747 million syndicated loan to fund the first phase of the Lagos-Calabar Coastal …
- EconomyEducationGOVERNMENTNigeriaPoliticsSecurity
Minister of Information Says Nigerian Economy is Improving
The Minister of Information and National Orientation, Mohammed Idris, has said that Nigeria’s economy is showing steady signs of improvement due to the series of reforms introduced by President Bola …
The International Monetary Fund (IMF) has pledged to maintain its support for Nigeria’s tax reform efforts through the Federal Inland Revenue Service (FIRS), especially as the country prepares to implement …
- BusinessEconomyInfrastructureTrade and CommerceTransportation & Logisitics
High Cost of Road Transport Threatens AfCFTA Goals
The rising cost of transporting goods across West Africa is putting pressure on Nigerian exporters and casting doubt on the feasibility of the African Continental Free Trade Area (AfCFTA) agreement. …
- BusinessEconomyFintechInnovationTechnology
Prime Startups Reaffirms Commitment to Scaling African Innovation
A Lagos-based technology firm, Prime Startups, has reiterated its dedication to turning innovative ideas into commercially successful businesses. The company said its focus is not just on nurturing bright startup …
- BusinessEconomyFintechTechnology
Transactpay Launches ₦20 Million Grant to Support Young Nigerian Entrepreneurs
A Nigerian fintech company, Transactworld Digital, has launched a new ₦20 million business grant to support young entrepreneurs and small businesses across the country. The initiative, called the Transactpay Thrive …