Latest Nigeria Business News
Seplat Petroleum Development Company Plc has identified the Assa North-Ohaji South (ANOH) gas processing project as very bankable and capable of boosting the country’s domestic gas supply. A Seplat team led by the company’s Chief Executive Officer, Mr. Austin Avuru, gave a presentation on the company’s gas business to investors, sector and financial analysts during […]
The Organisation of Petroleum Exporting Countries (OPEC) is seeking an early resolution between the United States (U.S.) and Iran and Venezuela. The oil cartel said easing the tension will help stabilise the volatile oil industry. “For us we will welcome a resolution of the issues that are at stake between these countries and the U.S. […]
NIGERIA’s debt portfolio rose by 2.3 per cent to N24.947 trillion (about $81.274 billion) in the first quarter of the year, the Debt Management Office (DMO) said in a report released on Wednesday. “The Total Public Debt (TPD) grew marginally by 2.30 per cent when compared to the figure of N24.387 trillion (about $79.437 billion) […]
AN agriculture platform, Farmcrowdy, has invested $12 million (N4.3 billion) in Nigerian farmers, its Chief Executive, Onyeka Akumah said in Lagos. He said the firm has supported 14,000 farmers using 16,000 hectares of maize, rice soya bean, cassava and ginger. Through its investment in the agriculture sector, he said farmers in 14 states have gained […]
NIGERIA’s power grid has collapsed 100 times in the last six years, a development which has resulted in total national blackout, it was gathered yesterday. The period covers between 2013 and 2019, marking a six-year period. Also, the nation’s grid collapsed nine times, with the last one on June 30, 2019. Distribution companies (DisCos) and […]
Just two weeks after launching 4G+, which offers customers faster data speeds, MTN Nigeria has announced a price slash across all its data plans and offerings. Under the new price structure, customers can now enjoy more value for money with up to 30 per cent more data volume for 30-day plans.They will also enjoy up […]
THE electricity generation companies (GenCos), on Wednesday expressed hope that the African Continental Free Trade Area (AfCFTA) Agreement signed last Sunday in Niamey, Niger Republic by all heads of government of the African Union (AU) will boost power generation and supply in the continent. Acting under the aegis of the Association of Power Generation […]
The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 MDAs. Office of the Account General of the Federation (OAGF) made this disclosure on Thursday at Peer Review Mechanism of Ministries Departments and Agencies (MDAs) 2019 in Abuja to the Head of Civil Service of the […]
Nigeria’s crude oil production rose to 1.97 million barrels per day, its highest since January 2015, according to data from S&P Global Platts. The country’s output was buoyed by the Egina deepwater oilfield, which started production six months ago and is already pumping close to its capacity of 200,000 bpd. The June figure was 110,000 […]
The Nigerian Maritime Administration and Safety Agency has described as unverified, reports stating that Nigeria had again taken the lead in piracy attacks in the second quarter of 2019. The report released by the International Maritime Bureau, indicated that between January and June, Nigeria led the table of pirate attacks with 21 recorded incidents, beating […]