Afreximbank has pumped over $50 billion into Nigeria’s economy in the last ten years. The bank said the money was spread across major sectors like energy, manufacturing, healthcare, transport, infrastructure, …
Bola Tinubu
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BusinessEconomyFinance & ServicesGOVERNMENT
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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 …
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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 …
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Nigeria spent a total of N13.12 trillion on servicing its debts in 2024, a big jump from the N7.8 trillion it paid in 2023. This is a 68 per cent …
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EconomyEnergyFinance & ServicesNigeriaOil & GasWestern Africa
Oil Price Falls by $10, Puts Pressure on Nigeria’s Economy
Nigeria’s economy has been hit with a fresh challenge as the price of crude oil dropped by $10 per barrel, raising concerns about the country’s financial stability and budget performance. …
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Business and EconomyEnergyGOVERNMENTNigeriaOil & GasWestern Africa
Adesua Dozie, Three Others Appointed to NNPC Management as Reshuffling Continues
The Nigerian National Petroleum Company (NNPC) Limited has appointed Adesua Dozie and three others into top management positions, as part of an ongoing shake-up aimed at boosting efficiency and attracting …
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BusinessEconomyEnergyGOVERNMENTManufacturing & Consumer Goods
NNPCL raises petrol pump price to N950/litre
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N925 per litre in Lagos and N950 per litre in Abuja, following weeks of speculation …
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Business and EconomyEnergyGOVERNMENTLeadershipNigeriaWestern Africa
Tinubu Sacks NNPC Board, Appoints New Leadership
President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC), including Group Chief Executive Officer Mele Kyari and board chairperson Pius Akinyelure. In a statement by …
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AFRICA NEWSFinance & ServicesNigeria
Nigeria’s debt jumps by 75% in three months, hits N87tn
by Editorby EditorThe Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of 2023. The figure represents an increase of 75.29 per cent …