Business

Nigeria’s Crude Oil Production Rises by 35,000 BPD to 1.085 Million BPD in October, Says OPEC

OPEC has reported that Nigeria’s crude oil production increased by 35,000 barrels per day in October, reaching 1.085 million barrels.

2 weeks ago

Afreximbank Approves $200 Million for BUA Industries to Drive Nigerian Industrial Growth

Afreximbank has approved a $200m finance facility for BUA Industries, supporting expansion in manufacturing, infrastructure, and export sectors in Nigeria.

2 weeks ago

TotalEnergies Pushes for Lower Investor Entry Costs to Reignite Nigeria’s Oil and Gas Sector

TotalEnergies has presented five key strategies to revive Nigeria's oil sector, including attractive investor costs and re-licensing of expired blocks.

2 weeks ago

CBN Governor Backs Higher Capital Requirements to Boost Financial Inclusion

CBN’s Cardoso has emphasised that raising capital requirements will empower banks to expand credit access, enhancing financial inclusion for underserved…

2 weeks ago

Shell Wins Appeal, Overturns Landmark Emissions Ruling Mandating 45% Reduction by 2030

Shell has won an appeal, overturning a 2021 ruling that ordered it to reduce carbon emissions by 45% by 2030

2 weeks ago

Elliott Investment Management Pushes For Honeywell Break-up, Citing $5 Billion Stake

Elliott Investment Management has called for Honeywell break-up, citing $5 billion stake and potential 51%-75% share price boost.

2 weeks ago

Oduwole: Ministry Of Trade And Investment Will Prioritise Retaining Domestic Investment, Boosting FDI For Economic Competitiveness

Trade minister Jumoke Oduwole has said that retaining domestic investment in Nigeria will be prioritised for economic competitiveness

2 weeks ago

Bitcoin Approaches $90,000 Amid Investor Optimism for Crypto-Friendly Trump Administration

Bitcoin has surged close to $90,000 as investors anticipate favourable policies under the crypto-supportive Trump administration.

2 weeks ago

Nigeria’s ALSCON Set For Restart As BFI Group, China’s CNCEC Forge $3.5 Billion Aluminium Deal

The FG has overseen the signing of a $3.5bn agreement between BFI Group and CNCEC to revive the ALSCON plant.

2 weeks ago

NNPC Ends Decades Of Petroleum Importation, Partners With Dangote Refinery For Local Supply

The NNPC has announced an end to petroleum importation, transitioning fully to local supply through the Dangote Refinery.

2 weeks ago