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Nigeria Secures $30billion Investment Commitment Says Uzoka-Anite
Nigeria has secured an investment commitment of over $30 billion in the last year, according to the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite.
Speaking on plans to establish commercial courts across the country to adjudicate business … Continue Reading
Platform Petroleum targets 10,000 barrels of oil per day
Platform Petroleum, a prominent Nigerian indigenous oil and gas company, has announced plans to boost its production to 10,000 barrels of oil and at least 50 billion standard cubic feet of gas daily by 2025. This goal is … Continue Reading
TotalEnergies Snubs Nigeria, Reveals $600 Million Investment in Republic of Congo
French oil major, TotalEnergies, has unveiled a $600 million investment deal in the Republic of Congo just days after opting for Angola over Nigeria for a substantial $6 billion energy project.
Earlier this week, TotalEnergies’ CEO Patrick Pouyanné … Continue Reading
Enugu State Governor, Mbah, Secures Investment Deals in Vienna
Enugu State Governor, Peter Mbah, has successfully secured investment deals and partnerships with senior government officials, the business community, and international development partners in Vienna, Austria.
During his visit, Governor Mbah met with Austrian Minister of Interior, Gerhard Karner, and … Continue Reading
CBN: OPay, Moniepoint, Others to Resume Onboarding New Customers in Months
The Central Bank of Nigeria (CBN) announced that mobile money operators, including fintech firms such as OPay, Palmpay, Kuda Bank, and Moniepoint, will resume enrolling new customers in the next few months.
CBN Governor Olayemi Cardoso made … Continue Reading
CBN Raises Interest Rate to 26.25% Amid Soaring Inflation Levels
In response to escalating inflation, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) for the third consecutive time, increasing it by 150 basis points from 24.75% to 26.25%.
This decision was made during … Continue Reading
Port Harcourt Refinery Set to Commence Operations by End of July
The 210,000-barrel-per-day Port Harcourt refinery is expected to commence operations by the end of July, following multiple delays.
According to Chief Ukadike Chinedu, IPMAN’s National Public Relations Officer, the new timeline was revealed on Monday.
Chief Chinedu highlighted that the … Continue Reading
nigeria Will no longer import fuel by june – Dangote
Aliko Dangote, Africa’s wealthiest individual and Chairman of the Dangote Group, has announced that Nigeria will no longer need to import gasoline starting next month, thanks to the Dangote Refinery’s plans. Speaking at the Africa CEO Forum Annual Summit … Continue Reading
FG to Establish Nationwide Jewellery Training Centres – Alake
The Federal Government is set to establish jewellery training centres across the country to enhance the potential of the gemstones industry and boost youth employment, according to the Minister of Solid Minerals Development, Dele Alake.
This initiative aims to … Continue Reading
TotalEnergies Strikes Supply Deal with Dangote Refinery in Nigeria
TotalEnergies has finalized its first supply agreement with the Dangote Refinery in Nigeria, Chief Executive Patrick Pouyanne announced on Friday during the Africa CEO Forum in Kigali.
The deal was struck following a meeting between Pouyanne and Africa’s richest man, … Continue Reading