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Category: Business
Senate extends 2025 capital budget implementation to June 30
The Senate on Tuesday extended the implementation of the capital component of the 2025 budget from March 31 to June 30, 2026. The extension followed…
Senate approves Tinubu’s $6bn loan request
The Senate has approved President Bola Tinubu’s request to secure fresh external loans totalling $6 billion, aimed at plugging fiscal gaps and financing key infrastructure…
UNIDO, China partner to expand Nigeria’s hydropower capacity
In a fresh push to tackle Nigeria’s electricity deficit and accelerate rural development, the Federal Government on Monday partnered with the United Nations Industrial Development…
Govt boosts gas production, eyes 12bcf daily output
Nigeria’s push to reposition natural gas as the backbone of its energy transition is gaining momentum, with production rising from 6.8 billion cubic feet per…
Afreximbank provides Dangote Refinery with fresh $2.5bn loan
The African Export-Import Bank (AFREXIMBANK) has underwritten $2.5bn out of a $4bn senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals. The move was…
Japan raises bar for foreigners seeking citizenship to 10 years
The Japanese government has increased the residency requirement for foreign nationals seeking citizenship from five to ten consecutive years, as part of efforts to tighten…
UK, US, France, others grant approval for Nigerian ambassadors
The Federal Government has confirmed that several countries, including the United Kingdom, France and the United States, have granted ‘agrément’ to Nigeria’s ambassadorial nominees, signalling…
Nigeria Immigration unveils migration policy to strengthen border security
The Nigeria Immigration Service (NIS) has said the newly validated National Migration Policy, 2025, will strengthen border control and boost national security. The Comptroller-General of…
BREAKING: Nigerian filling stations reduce fuel price after NNPCL, Dangote Refinery cut
Nigerian filling stations have reduced petrol pump prices across their outlets after Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery’s fuel price cuts. Checks…
Tinubu seeks Senate approval to borrow $6bn
President Bola Tinubu has requested the Senate’s approval to secure external loans totaling $6 billion to support government financing needs. The request was conveyed in…