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Just before the federal government’s October 1 deadline to deliver cheaper public transport, Nigerians are still paying exorbitant fares as limited CNG availability, inadequate refueling infrastructure,...
Tony Elumelu, billionaire chairman of Heir Holdings limited, has expanded his stake at Seplat Energy Plc, where he sits as non-executive director, with an acquisition of...
The battle for the soul of Nigeria’s petroleum downstream sector shows no signs of easing. On one side stands Aliko Dangote’s giant refinery, fighting to secure...
Nigerian industrialist Aliko Dangote has offered East African countries a combined 30 per cent equity stake in his planned $16 billion refinery in Lamu, Kenya, with...
Honeywell Technologies has secured an estimated $300 million contract to provide technology and engineering services for Aliko Dangote’s planned 700,000-barrel-per-day refinery in Lamu, Kenya. The agreement...
Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion...
Adeleye Falade, managing director (MD) and chief executive officer of Nigeria Liquefied Natural Gas (NLNG), says inadequate infrastructure is constraining Nigeria’s growing gas market despite the...
…With project valued at $800 million For nearly fifty years, the Ima gas field sat beneath shallow waters off Bonny Island, discovered but untouched, a stranded...
The Managing Director of the Bank of Bank of Industry (BoI), Dr. Olasupo Olusi has stated that the Bank disbursed N645 billion to Micro, Small and...
The Nigerian National Petroleum Company Limited (NNPCL) says it generated N7.2 trillion in profit after tax in 2025. Speaking during the presentation of the 2025 Audited...