Nigeria Breaking News
The Nigerian Content Development and Monitoring Board, NCDMB, has said that it is targeting fresh local investments into the Nigerian oil and gas sector during the 2025 Nigerian Oil and Gas Opportunity Fair, NOGOF, in Yenagoa, Bayelsa State. Executive Secretary, NCDMB, Engr. Felix Ogbe told journalists in Abuja that local content in the petroleum industry …
In a move to deepen financial inclusion and accelerate digital payment adoption, the Central Bank of Nigeria, CBN, has empowered leading financial technology firms, Carbon and PalmPay, to begin issuing Verve cards to their customers. The partnership will enable millions of Fintech firms’ users access to Verve’s extensive payment network, extending digital financial solutions to …
UMUAHIA- Abia State Governor Alex Otti has signed into law, the Abia State Electricity Bill which empowers the State to regulate its electricity market. Speaking while assenting to the executive bill at the Governor’s country home, Umuehim Nvosi, in Isiala Ngwa South council area, Otti explained that with the law, the government has been vested …
ABEOKUTA — THE President of Dangote Industries, Alhaji Aliko Dangote, yesterday, alleged that his cement plant in Itori, Ewekoro local government area of Ogun State was demolished twice by the Governor Ibikunle Amosun administration, including the factory’s fencing during the second demolition. However, in a swift reaction to the allegation, the former Ogun State governor said …
SpaceX founder Elon Musk said Saturday its massive Starship rocket would leave for Mars at the end of 2026 with Tesla humanoid robot Optimus onboard, adding that human landings could follow “as soon as 2029.” “Starship departs for Mars at the end of next year, carrying Optimus. If those landings go well, then human landings …
Enugu State Governor Peter Mbah has signed an Executive Order relocating the current spare parts and allied trades markets as well as all other related industrial and commercial activities in the Coal Camp and other neighbourhoods within the Enugu Capital Territory to the site of the new International Spare Parts and Allied Trades Park. The …
Awka—The Anambra State executive council has awarded eight contracts for infrastructure upgrades in various parts of the state. Details of the contracts were made known during the 6th meeting of the council in Awka, yesterday. One of the approved contracts was for the construction of iconic lighted cable structures on the new multi-billion naira Ekwulobia …
As economic hardship bites harder, importation of used vehicles has recorded a significant decline with diesel or semi-diesel engine, of cylinder capacity 2500cc dropping by 65.8 percent year-on-year (YoY) to N354.8 billion in 2024 from N1.04 trillion in 2023. However, the decline also reflects the effect of continuous increase in import duty, levies and taxes on that category …
Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), said its trading subsidiary, Oando Trading, has emerged as the preferred bidder for the lease of the Guaracara Refining Company Limited (GRC)’s refinery assets from Trinidad Petroleum Holdings Ltd (TPHL). Oando said this follows the announcement …
The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has lauded Moniepoint’s role in the nation’s financial technology (fintech) ecosystem describing the company as a “true Nigerian success story”. Tuggar made this remark during his visit to the offices of Moniepoint Inc. in the United Kingdom. He highlighted the company’s impressive growth, citing its over 2000 employees, …