Gwagwalada to Host 350MW Power Plant as NNPC Partners with Chinese Firm
The Nigeria National Petroleum Company Ltd (NNPCL) has signed a Memorandum of Understanding (MoU) with China Engineering and Machinery Corporation (CEMC) to co-fund the...
New N50 Electronic Money Transfer Levy Begins for Fintech Users
Starting September 9, 2024, fintech companies like Moniepoint and OPay will begin deducting a N50 Electronic Money Transfer Levy (EMTL) from customer inflows of...
Nigerian Companies Expand Despite Economic Challenges
Despite the departure of several multinational companies from Nigeria in recent years, some Nigerian businesses are investing heavily in expansion projects. These companies are...
Dangote Tops Africa’s Wealth List Once Again
Nigerian industrial magnate Aliko Dangote has reclaimed the title of the continent's richest person from South African billionaire Johan Rupert.
According to the latest data...
Nigeria to Benefit from Increased Chinese Investment
The Federal Government of Nigeria has announced that China is set to encourage more of its companies to invest in Nigeria. This initiative aims...
OPay Introduces N50 Charge on Transfers in Compliance with FIRS Regulations
OPay, has announced the introduction of a new charge on electronic transfers into personal and business accounts, set to take effect from September 9,...
Lagos’s Green Line Railway: A Game-Changer for Public Transport
China Harbour Engineering Co. has agreed to build a 68-kilometer railway in Lagos, Nigeria's bustling commercial center known for its severe traffic congestion. The project aims to alleviate the...
Nigerian Professionals In Diaspora Urge NNPCL Debt Restructuring For Fuel Supply Stability
The Nigerian Professionals in Diaspora (NPID) has called for the urgent restructuring of the Nigerian National Petroleum Company Limited’s (NNPCL) debt profile to help...
Nigeria’s Private Sector To Benefit From €1.43 Billion Syndication
The Bank of Industry (BOI) has successfully raised €1.43 billion through a global loan syndication, marking a significant milestone for the development finance institution....
Dangote Refinery to Set Petrol Prices Starting October — Report
Starting in October, the Dangote Petroleum Refinery will play a key role in determining the price of petrol in Nigeria, according to a Bloomberg...