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FG Completes $1.5bn Oil Sector Divestment Deals

FG Completes $1.5bn Oil Sector Divestment Deals The Federal Government has completed the divestment deals between Nigeria Agip Oil Company and Oando Plc, as well as that of Equinor and Project Odinmim, which jointly worth about $1.5bn. It made this announcement on Wednesday, adding that, as...

FG Terminates Road Contracts with Dantata & Sawoe, Others for Non-performance

FG Terminates Road Contracts with Dantata & Sawoe, Others for Non-performance Dantata and Sawoe, Mothercat, and Reynolds Construction Company Federal contracts have been terminated for non-performance on the dualisation of sections two, three, and four of the Obajana-Benin road project. Minister of Works, David Umahi,...

Kaduna Electric Declares Zero Tolerance to Energy Theft, Set to Prosecute Offenders

Kaduna Electric Declares Zero Tolerance to Energy Theft, Set to Prosecute Offenders The Chief Commercial Officer of Kaduna Electric, Ahmed Sanusi, has expressed strong reservation against all forms of energy theft and has declared that the company will leave no stone unturned in getting offenders...

Nigeria-UK Trade Reaches €35bn, Nigeria’s Positive Balance At €10bn

As of last year, the trade exchange between Nigeria and the United Kingdom amounted to over €35 billion, or roughly one-third of the country's total international trade.

Experts Reveal Sustainable Shipping Blueprint at TAAM Conference

Experts are advocating for the introduction of sustainable practices to ensure the long-term health and productivity of Nigeria's blue economy as the potential of the maritime sector is harnessed. 

ID4D: W’Bank Restructures $430m Project to Guarantee Financing as Nigeria Misses Deadline

ID4D: W'Bank Restructures $430m Project to Guarantee Financing as Nigeria Misses Deadline The World Bank has said it is restructuring the Nigeria Digital Identification for Development (ID4D) project to guarantee complete disbursement of the $430 million pledged for the project by the financiers. According to the...