Green Energy International Limited (GEIL), an indigenous oil and gas company, has launched Nigeria’s first onshore crude oil export terminal in over five decades. Located at Otakikpo in Rivers State, …
Economy
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BusinessEconomyEnergyInfrastructureNigeriaOil & Gas
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BusinessDevelopmentEconomyInfrastructureNigeriaSecurityTelecommunications
IHS Nigeria and NSCDC Partner to Protect Telecom Infrastructure Nationwide
IHS Nigeria, a leading telecommunications infrastructure provider, has entered into a new partnership with the Nigeria Security and Civil Defence Corps (NSCDC) to protect critical telecom infrastructure across the country. …
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DevelopmentEconomyGOVERNMENTInfrastructureInternational RelationsINVESTMENTNigeria
Tinubu Reaffirms Nigeria-China Strategic Partnership to Boost Industrialisation, Economic Growth
President Bola Ahmed Tinubu has restated the Federal Government’s strong commitment to its strategic partnership with China, saying the collaboration is essential to Nigeria’s industrialisation drive and broader economic transformation …
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EconomyELECTRICITYEnergyFinance & ServicesGOVERNMENTInfrastructureNigeria
FG’s Debt to Power Sector Hits ₦982.4bn as Electricity Subsidy Rises in First Five Months of 2025
The Federal Government’s unpaid subsidy to electricity distribution companies has risen to ₦982.4 billion as of May 2025, showing a ₦5.3 billion increase or 2.7% in just five months. This …
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DevelopmentEconomyEducationFintechTechnology
Africa Faces Digital Skills Shortage Ahead of 2030 Job Boom — Intreensic CEO Warns
Founder and Chief Executive Officer of Intreensic, Nkebet Mesele, has raised concerns about a growing talent shortfall that could threaten Africa’s digital future, warning that the continent may fall short …
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Banking, Finance & InvestmentEconomyFintechInnovationNigeriaTechnology
Jollof+ Nears ₦10bn in User Savings as Platform Marks First Anniversary
Digital savings platform, Jollof+, has revealed that Nigerians using the platform have saved nearly ₦10 billion ahead of the company’s first anniversary. The platform, created by Baobab Nigeria, shared this …
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EconomyEnergyNigeriaOil & Gas
Nigeria’s Oil Export Revenue Drops 17% in Early 2025 Despite Output Rise
Nigeria’s earnings from crude oil exports fell sharply in the first two months of 2025, dropping by 17 percent year-on-year to $6.68 billion, according to figures from the Central Bank …
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DevelopmentEconomyInfrastructureINVESTMENTNigeriaTrade and Commerce
Tinubu Meets Nigeria-China Strategic Partnership DG, Pushes for Fast-Tracked Economic Projects
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to using the Nigeria-China Strategic Partnership (NCSP) to drive industrialization, infrastructure growth, and economic transformation across the country. This came during …
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EconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaPolitics
Nigeria’s Public Debt May Rise Beyond ₦182tn as Tinubu Seeks Fresh $24bn Loan
President Bola Ahmed Tinubu has asked the National Assembly to approve new foreign loans amounting to $24.14 billion. If the lawmakers give the go-ahead, Nigeria’s total public debt may jump …
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BusinessEconomyFinance & ServicesGOVERNMENTInfrastructureTechnology
Nigeria Hosts 2025 AMEDA Conference for the First Time, Focuses on Financial Market Development
In a landmark event for Nigeria’s financial sector, the country successfully hosted the 2025 Africa and Middle East Depositories Association (AMEDA) Conference for the first time in history. The two-day …