Archlight Nigeria Limited has denied the claims that it transferred over 50 percent of its equity shares in the Ibadan Electricity Distribution Company (IBEDC) to 86 Gardens Limited. The company …
Energy
- BusinessEconomyEnergy
- BusinessDevelopmentEnergyFinance & Services
NLNG, BoI unveil micro-credit scheme to boost local economy
The Nigeria LNG Limited (NLNG) has taken a bold step to empower small businesses and drive grassroots economic development with the launch of an expanded Micro, Small, and Medium Enterprises …
Temile Development Company Limited (TDC), a Nigerian firm, has announced a major boost in its investment in the country’s gas sector. The company now has over $450 million worth of …
Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …
The Federal Executive Council (FEC) has ordered the full implementation of the Naira-for-Crude agreement between the Federal Government and local oil refiners, a move aimed at strengthening Nigeria’s local refining …
- EconomyEnergyGOVERNMENTInfrastructure
More Firms Abandon National Grid as NERC Approves Independent Power Generation
Battered by constant power outages and repeated national grid collapses, more private companies and institutions in Nigeria are now turning to self-generated electricity. The Nigerian Electricity Regulatory Commission (NERC) has …
- EconomyGOVERNMENTLabourOil & Gas
NNPC Workers Warn New GCEO Ojulari Against Hiring Outsiders for Top Roles
Unions representing workers of the Nigerian National Petroleum Company Limited (NNPC Ltd.) have warned the newly appointed Group Chief Executive Officer, Bayo Ojulari, not to recruit outsiders into top management …
- EconomyEnergyGOVERNMENTInfrastructure
FG Begins Meter Rollout, Targets Over 3.2 Million Installations by 2026
The Federal Government has announced the arrival of the first batch of prepaid electricity meters under its renewed push to close the metering gap across the country, with over 275,000 …
The Nigerian National Petroleum Company Limited (NNPC Ltd) has named a new eight-man senior management team, following the appointment of Bayo Ojulari as the Group Chief Executive Officer (GCEO) and …
- Business and EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
FG Signs $27.3m Deal with LNG Arete to Build Mini Gas Plant in Kogi
The Federal Government of Nigeria has signed a $27.3 million deal with LNG Arete to build a mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. The agreement, signed …