FG to Settle N2trn Debt Owed to GenCos by December
The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end...
CBN Mandates Banks to Strengthen Sanctions Compliance Measures
The Central Bank of Nigeria (CBN) has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions.
In...
NNPC Targets $30bn Investments in Oil Sector by 2027
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled its agenda for attracting $30 billion investments by 2027 and $60 billion by 2030.
The Group Chief Executive Officer (GCEO) Bayo Ojulari disclosed...
Investors Gain N239bn as Equity Market Recovers Losses
The Nigerian equities market closed positively on Thursday, as investors gained N239bn in market capitalisation, reversing the losses recorded in previous sessions following a four-day trading week caused by the Easter public...
NDPHC Commits N500bn to Enhance Transmission Infrastructure
The Niger Delta Power Holding Company (NDPHC) has disclosed that it has invested over N500bn in transmission infrastructure across the country.
The Managing Director/Chief Executive Officer of the company, Jennifer Adighije, stated this during...
Nigeria Secures Crude Deal with Turkish Refiner for March, April
Turkey’s largest oil refiner, Tupras, has placed orders for Nigerian crude oil cargoes scheduled for March and April, a move that could boost Nigeria’s revenue amid efforts to ramp up...
