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Category: Business
Naira-for-crude policy shielding Nigeria from M’East fuel crisis — Presidency
President Bola Tinubu’s naira-for-crude initiative has shielded Nigeria from the severe fuel scarcity afflicting major economies worldwide amid the ongoing Iran-Israel-US conflict in the Middle…
Nigerian Govt bans vehicle imports without certification
The Nigerian government has announced a ban on the importation of used vehicles without proper certification, introducing stricter regulations for automotive imports into the country….
Airlines in pricing limbo amid 180% Jet A1 price surge
Airfares have remained stagnant in Nigeria despite the rising cost of aviation fuel by 184 per cent in the last two months, occasioned by the…
33 banks raise N4.65tn as recapitalisation ends – CBN
The Central Bank of Nigeria (CBN) on Wednesday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65tn…
FG launches GenU Secretariat to link 20m youths to jobs, skills
The Vice President, Senator Kashim Shettima, has formally launched the Office of the Vice President-Generation Unlimited (OVP-GenU) Secretariat to coordinate the implementation of the programme’s…
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…