Port-Harcourt Refinery Set to Comence this Month – NNPCL The NNPCL has stated that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month ahead of the full resumption of work later. The Spokesperson for the NNPCL Femi Soneye stated this yesterday....

Nigerian Power Firms Need $2.5bn New Capital - FG Nigerian electricity companies are short of an estimated N2tn ($2.5bn) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents. Power companies in Nigeria are over-leveraged and...

New Year: Naira Appreciates by 13.51% Against US dollar at Forex Market The Nigerian Naira gained against the dollar on Thursday, 4th January 2024 at the official market to record the first gain in the new year 2024. Market watchers expected that a $2.25 billion injection...

Nigeria, Others Named IFC’s Biggest Debtors – Report Nigeria, the most populous country in Africa, ranked among the top 10 debtors on the list of the International Finance Corporation in fiscal year 2023. IFC disclosed this in its full-year financial report for 2023. Nigeria appeared in the...

FG Projects 750,000 Jobs with Gas Initiative by 2027 The Project Director and CEO of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, has revealed that the Federal Government plans to create 750,000 jobs by 2027 through the gas initiative. He revealed this at the PCNGi’s...

As Tinubu Moves to Rev up Economic Recovery with Consumer Credit  By Temitope Ajayi As the new year 2024 begins with a positive outlook, Nigerians can look forward to a great and economically rewarding year as the Federal Government is set to launch a massive consumer...