Gov Abdullahi Sule of Nasarawa State on Wednesday inaugurated the construction of 23 metric tonnes Liquefied Natural Gas (LNG) and 1,500 standard cubic metres Liquefied Compressed Natural Gas (LCNG) project in Lafia. The project in collaboration with Greenville LNG was…
The Nigeria National Petroleum Company Limited (NNPCL) has said it is projecting Nigeria’s oil production to hit 1.8 million barrels per day by the fourth quarter of this year. The Executive Vice President, Upstream, NNPCL Engr. Adokiye Tombomieye attributed the projections…
The Organization of Petroleum Exporting Countries, OPEC, has predicted rise in global energy demand by 2045. According to OPEC’s Secretary General Haitham Al Ghais, global primary energy demand is expected to surge by 23 per cent by 2045, adding that…
To address the infrastructure deficit currently affecting capital markets in the West African region, Nigerian Exchange Limited (NGX) has stated that a harmonised regulatory environment as well as smart infrastructure will help to drive Africa’s competitiveness in the global market.…
June 2021, the United Nations Development Programme (UNDP) projected about 1.1 million lives could be lost by 2030, if the insurgency ravaging Nigeria’s North-east region is not put to an end. The UNDP in its report also said the conflict…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) closed bearish yesterday ending its five-day winning streak amid selloffs in index heavyweight, Dangote Cement (-9.62 per cent) alongside Nestle Nigeria (-1.34 per cent) and Access Corporation (-4.16 per cent)…
By Ibiyemi Mathew Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in Naira to beneficiaries. Recall that the apex bank had stopped the RT200 programme and the Naira4dollar…
By Matthew Denis The Federal Government through the Debt Management Office (DMO) has redeemed a total of $500 million Eurobond on its due date on July 12, 2023. This was contained in a statement made available to Nigerian NewsDirect on Wednesday. The…
By Seun Ibiyemi The Ibadan Electricity Distribution Company (IBEDC) Plc. has announced upcoming upgrade of its Standard Transfer Specification (STS) prepaid meters to enhance efficiency that aligns with global standards. The upgrade known as Token Identification (TID) Rollover aims to…
The Acting Comptroller-General of Customs, Wale Adeniyi on Wednesday in Abuja, sought support of the Office of the National Security Adviser (NSA) to tackle Nigeria’s border security. Adeniyi in a statement issued by the Customs National Public Relations Officer, Chief…
