NASENI SEALS $200 MILLION DEAL WITH REA

The National Agency for Science and Engineering Infrastructure (NASENI) announced a $200 million contract with the Rural Electrification Agency (REA) to manufacture equipment for...

NIGERIA OIL PRODUCTION HITS 1.49 MILLION BARRELS PER DAY, HIGHEST IN ALMOST TWO YEARS

The Nigerian Oil production has hit an all time high production of 1.49 million barrels per day, the highest in almost two years. According...

NGX GROUP PROFIT RISES TO N1.22 BILLION

The Nigerian Exchange Group's earnings increased by 606.2% to N1.22 billion at the end of the third quarter, compared to N172.7 million in the...

GLOBAL BRENT CRUDE OIL PRICES FORECASTED TO AVERAGE $84 PER BARREL IN 2023

The World Bank has released its Commodity Markets Outlook report, projecting that Brent crude oil prices will average around $84 per barrel in 2023,...

AfDB AND OTHER PARTNERS ALLOCATE $1 BILLION FOR AGRO-INDUSTRIAL ZONES IN NIGERIA

In a significant move aimed at bolstering Nigeria's agricultural and industrial sectors, the African Development Bank (AfDB), the Islamic Development Bank (IDB), and the...

US OFFERS SUPPORT FOR 18,000 NIGERIAN SMALL BUSINESSES

In order to improve economic development and entrepreneurship, the United States is ready to offer assistance to 18,000 small businesses. According to a communique,...

FEC APPROVES LOAN FOR FINANCING POWER AND ENERGY SECTOR

The Federal Executive Council has approved a loan application in the amount of $3.45 billion to finance the power and renewable energy sectors, as...

HUSK POWER SYSTEMS RAISES $103M IN SERIES D TO POWER NEW SOLAR MINI-GRIDS IN AFRICA

Nigeria's power sector is set to experience improvement as clean energy company, Husk Power Systems, which has spare headed rural electrification in the last...

CANADIAN FIRM, OROSUR, TO INVEST $5M IN NIGERIA

A leading Canadian mineral exploration company, Orosur Mining, has pledged to invest $5 million in exploration of Nigeria’s vast lithium deposits, this was disclose...

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