UNION BANK APPROVES INCREASE PRICE FOR MINORITY STAKEHOLDERS, FINALISES DELISTING PROCESS FROM NGX

One of Nigeria’s oldest banks, the Union Bank of Nigeria, has announced an increase in the price at which the stakes of minority shareholders...

DANGOTE REFINERY OBTAINS LICENCE TO REFINE 300,000 BPD CRUDE OIL

Dangote Refinery is set to refine about 300,000 bpd crude oil. African richest man, Aliko Dangote said this in an interview in Riyadh on...

AFRICAN DEVELOPMENT BANK PLEDGES $1.5 BILLION TO PROMOTE EXPORT OF FARM PRODUCTS IN AFRICA

About 1.5 billion dollars has been provided through the Special Agro-Industrial Processing Zones (SAPZs) program, by the African Development Bank (AfDB) to advance the...

NNPCL LAUNCHES NEW CRUDE GRADE

The Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday that it had launched a new crude oil grade called 'Nembe' and had dispatched...

MASTERS ENERGY OIL AND GAS LIMITED EMBARKS ON $500 MILLION GAS STORAGE PROJECT

Masters Energy Oil and Gas Limited has embarked on a $500 million gas storage project in accordance with the federal government's gas infrastructure development...

NLNG $5 BILLION TRAIN-7 PROJECT NOW AT 52% COMPLETION, TO EMPLOY 8,300 NIGERIANS   

The $5 billion worth Train-7 project of the Nigerian Liquefied  Natural Gas (NLNG) Limited,  is now at the 52 percent  to completion. According  to...

MULTICHOICE RAISES DSTV AND GOTV SUBSCRIPTION PRICES BY 19% IN NIGERIA AMID ECONOMIC STRUGGLES

The Pay-TV provider, Multichoice Nigeria, is set to implement a second price increase for its DStv and GOtv packages in 2023, with a notable...

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...
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