Saturday, July 20, 2024

 

#nigeria

Dangote Group Targets $30bn Revenue To Strengthen Naira

The President of Dangote Group, Aliko Dangote, has said that his businesses’ $30bn revenue target by the end of 2025 will boost the naira. Dangote said this on Sunday during a tour of Dangote Petroleum Refinery & Petrochemicals and Dangote...

Nigeria Reaches Oil Supply Deal, Ending Dispute With Producers

Nigeria's oil regulator has struck a deal with producers to allow sales of crude to domestic refiners at market prices, ending a supply dispute that had strained relations with international oil companies. Nigeria relies on imports for most of its...

NNPC, TotalEnergies Signs  $550m JV Investment On  Nigeria’s  Ubeta Gas Field Project

In a significant move to enhance Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million final investment decision for the Ubeta Field Development Project. This milestone, according to NNPC aligns with President Bola Tinubu’s Presidential Executive...

Ghanaians To Endures Three Weeks Of Power Cuts

  Power cuts are expected to last at least another three weeks in parts of Ghana because of a shortage of supplies from Nigeria. A statement from the state power firm said a temporary shutdown for maintenance works at an unnamed...

First Bank Maintains Impressive Performance, Posts N238.53bn PBT In Q1 2024

Nnamdi Okonkwo   FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1...

Electricity Subsidy No Longer Sustainable – FG

The Federal Government, on Wednesday, declared that it was now “very difficult to sustain subsidy on electricity” as it revealed that the country’s power debt had continued to balloon. Minister of Power, Adebayo Adelabu, said Nigeria must begin to move...

FG To Sell Kaduna Electric Over $130 Million Debt

(Reuters) - Nigeria's electricity regulator has put up for sale the sixth largest power distribution utility company in the country over a $130 million debt, less than two years after African Export-Import Bank (Afreximbank) and Fidelity Bank...

Abiodun Seeks FG’s Approval Of FTZ For Remo Economic Zone

L-R: The ES/CEO, Sugar Council, Mr. Kamar Bakarim; Minister of Industry, Trade and Investment, Dr. Doris Nkiruka Uzoka-Anite; Ogun State Governor, Prince Dapo Abiodun, and Dr. Rabiu Olowo, CEO, Federal Financial Reporting Council, during a courtesy call on Governor...

Dangote Reclaims Top Position On Forbes Africa’s billionaire List …… AS MAN Faults EFCC’s Visit To Conglomerate’s ...

Nigeria’s Aliko Dangote has reclaimed his post as the richest person in Africa, according to Forbes Real-Time Billionaires. Last week, South African business tycoon, Johann Ruper, took over the position from Dangote. According to the ranking as of January 8, Dangote’s...

Tinubu Suspends Betta Edu Over N585m Scandal …. EFCC Invites Minister

President Bola Tinubu, on Monday, suspended the Minister of Humanitarian Affairs and Disaster Management, Betta Edu, following widespread anger over an alleged N585 million scandal. The Special Adviser on Media and Publicity to the President, Ajuri Ngelale, disclosed this in...
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Ogun Approves Construction Of Additional Five Roads

  The Ogun State Executive Council has approved the construction of five additional roads across the State. Commissioner for Works and...
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Ogun State Set to Register Additional 100,000 Farmers Under OGFIMS

    The Ogun State Government has announced plans to register an additional 100,000 farmers under the Ogun State Farmer Information Management System (OGFIMS), bringing the...

Court Orders 9mobile To Pay ,N55bn Debt To Keystone Bank

  A Federal High Court, sitting in Lagos presided over by Justice Yelin Bogoro has ordered Teleology Nigeria Limited, owners of 9Mobile Network, to pay...

Osunbiyi Alagbo Onilewaji Family Warns Against Trespassing On Land …Says court judgement fully executed 

Consequent upon the judgement of a Lagos state High Court,Epe division presided over by Justice S.A Olaitan, the Osunbiyi Alagbo Onilewaji Family of ibeju...

Dangote Group Targets $30bn Revenue To Strengthen Naira

The President of Dangote Group, Aliko Dangote, has said that his businesses’ $30bn revenue target by the end of 2025 will boost the naira. Dangote...