PE Energy Limited, a leading energy services company, has introduced an innovative technology known as Multi-phase Pump and Systems to tackle gas flaring and enhance oil production in Nigeria. The…
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BUA Refinery and Petrochemicals has clarified that its refinery project in Akwa Ibom is not 90% complete, as previously reported. The company urged the public to disregard this misleading claim,…
Despite ongoing government efforts, millions of Nigerians still lack access to affordable housing. Low-cost housing, introduced as a solution to Nigeria’s housing crisis, has not reached the people who need…
The Central Bank of Nigeria (CBN) has imposed a new restriction on the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). Starting from January 10, 2025,…
Skyway Aviation Handling Company (SAHCO) has terminated the employment of a staff member accused of extorting a passenger at Murtala Muhammed International Airport (MMIA), Lagos. The incident, which occurred last…
Business
Warri Refinery Resumes Operations, Offers Nigerians Hope with Diesel and Kerosene Production
In what many are calling a much-needed glimmer of hope for the new year, the Warri Refining and Petrochemicals Company (WRPC) in Delta State has resumed operations. Although not yet…
The Federal Government’s recent action to end speculative oil field licensing in Nigeria has stirred strong reactions across the country. Online users and civic commentators have responded with cautious optimism,…
Former President Olusegun Obasanjo has criticized the Nigerian National Petroleum Company Limited (NNPCL) for disrespecting his office. The criticism follows an open invitation to tour the refurbished Port Harcourt and…
Pan-African credit rating agency, Agusto & Co., has affirmed a ‘Bbb+’ rating for Baobab Nigeria, reflecting the company’s strong financial position and sound management practices within Nigeria’s microfinance sector. The…
Business
Stable Exchange Rate and Fiscal Transparency Boost Nigeria’s Global Investment Appeal – Wale Edun
by David Todi
Nigeria is positioning itself as a leading destination for global investments, leveraging a stable exchange rate and improved fiscal transparency to attract investors. Minister of Finance and Coordinating Minister for…