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Category: Business
Nigerian Govt offers 17 new oil blocks for bidding
The Nigerian Federal Government has announced 17 additional deep offshore oil blocks for the 2024 Licensing Round for oil fields in the country. The Chief…
Proposed shipping regulatory bill triggers fears of higher governance costs
The Nigeria Shipping and Port Economic Regulatory Agency Bill, according to maritime stakeholders, conflicts with the government’s plan to lower the cost of governance. ANOZIE…
NERC okays 450MW deal to avert Zungeru plant shutdown
The Nigerian Electricity Regulatory Commission has approved a deal for the procurement of 450 megawatts of electricity from Zungeru Hydro Electricity Generation Company Limited.The directive,…
Tourism: FG targets $100bn contribution to GDP by 2030
The Federal Government has said arts, culture and the creative economy will increase the country’s gross domestic product by over $100 billion by 2030.The Minister…
Naira appreciates against dollar at black market amid Sallah holiday
The Naira appreciated marginally to N1480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays.Dayyabu…
MultiChoice reveals stance on cost of subscription
MultiChoice, the parent company of DStv and GOtv pay television in Nigeria has denied slashing its subscription fees in Nigeria amid a recent drop in…
N17bn debt: GTBank drags 60 bank chiefs to court
Guaranty Trust Bank has dragged no fewer than 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex…
Power outage hits Ghana, others as Nigeria’s gas disruption lingers
Some parts of Ghana and other West African countries are currently experiencing blackouts due to a lingering disruption in gas supply from Nigeria.According to findings…
Tinubu appoints Gbeleyi as DG of BPE
President Bola Tinubu has approved the appointment of Ayodeji Gbeleyi as the Director General of the Bureau of Public Enterprises, BPE.Presidential spokesperson, Ajuri Ngelale disclosed…
Nigerian govt to revoke firm’s licence after illegal mining activities killed three in Niger
The Nigerian federal government has said it will revoke the mining licence of a mining company over the deaths of three miners in Niger State’s…