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Experts in S&P Global have indicated a significant difficult situation around investment in energy transition without proper regulation and policy review. According to them, the energy transition will be more difficult, costly, and complicated than expected. This is contained in ...

Chevron Nigeria’s chairman and managing director, Jim Swartz has said, the company is committed to sustainable deepwater oil drilling in Nigeria, and also highlighting other measures to mitigate production decline in other key assets. Swartz made the remarks while receiving ...

Reinforcing its reputation as an institution committed to empowering Small and Medium-scale Enterprises (SMEs), Wema Bank has undertaken an initiative to empower 800,000 Nigerian businesses, following its Memorandum of Understanding (MoU) signing with Small and Medium Enterprise Development Agency of ...

A total sum of N 1.703 trillion, being January 2025 federation account revenue, has been shared to the federal, State and local governments in the country by the Federation Account Allocation Committee (FAAC). The outcome of the FAAC meeting was ...

President Bola Tinubu, on Thursday in Abuja, said the telecoms sector’s regulatory framework and operations would be reviewed to reflect global best practices, with a greater focus on protecting infrastructure. According to a statement by presidential spokesman, Bayo Onanuga, President ...

One of the biggest challenges facing Nigeria’s maritime sector is the annual loss of billions in uncollected tariffs due to fraudulent cargo declarations. Nigeria’s ports handle millions of metric tons of cargo annually, yet poor tracking mechanisms and loopholes in ...

A key green hydrogen project with a development value of about $7.9 billion is being executed in Akwa Ibom State with backing from China. Representatives from China and Nigeria agreed to execute the project to be located within the Liberty ...

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to explain its planned subscription price increase, scheduled to take effect on March 1, 2025. The regulatory body, citing concerns over recurrent price hikes and potential market abuse, ...

The Niger Delta Youth Congress (NDYC) has condemned former Kaduna State governor Nasir el-Rufai’s recent call for a political alliance between the North and the South-South regions ahead of the 2027 general elections. In a statement signed by the President ...

The Federal Government has received the first batch of 2,000 tractors and 9,027 other farming equipment from Belarus as part of efforts to enhance mechanised farming and accelerate food production across the country. The Special Assistant to the President on ...