Ghana’s financial industry may be on the cusp of another round of consolidation, with Fitch Ratings projecting that six banks currently operating in the country are unlikely to meet capital requirements through their own earnings. Unless these institutions secure fresh capital injections, the credit rating agency warns, they may have no...
BUSINESS
By MBAFAN ADE, Abuja – Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day (bscf/d) of Feedgas. The 20-year agreements,...
National Bureau of Statistics (NBS) revealed that the average retail price for diesel dropped to N1,789.45 per litre in July 2025, down from N1,813.81 in June 2025, according to its Diesel Price Watch report released in Abuja on Friday. This reflects a 1.34% decrease month-on-month. However, compared to July...
By MBAFAN ADE, Abuja- Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, has reaffirmed the company’s strategic direction towards value creation, competitiveness and efficiency as the foundation of its new business model. The GCEO made this known while delivering a keynote address themed “Building a Resilient Oil...
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By MBAFAN ADE, Abuja – National Bureau of Statistics (NBS) disclosed that the average retail price of petrol per litre surged to N1,024.99 in July 2025, up from N770.54 in July 2024. According to the NBS Premium Motor Spirit (Petrol) Price Watch for July 2025, released in Abuja on...
The Petroleum Technology Association of Nigeria (PETAN) yesterday presented an Award of Excellence to the Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo) Ronald Adams, even as it commended Shell for supporting Nigerian content development in the energy industry. The award which was handed over by...
By TOM CHIAHEMEN, Abuja – A major step to achieving Nigeria’s vision to create a smart city of the future along the lines of Dubai, Monaco and Singapore was taken at the weekend with the official engagement of construction giant, Julius Berger Nigeria Plc to provide critical infrastructure to...
Chairman of the Management Board of the Nigeria Social Insurance Trust Fund (NSITF), Honourable Sola Olofin has stressed the need to safeguard the Fund’s independence in the face of regulatory overreach. The Board Chairman spoke in his welcome address at the 69th Board meeting and third in the life...
Nigerian Communications Commission (NCC) has reported that its shift to market-based pricing in the telecommunications sector has triggered over $1 billion in infrastructure investments in 2025. During a media briefing in Lagos on Friday, NCC’s Executive Vice-Chairman, Aminu Maida, revealed that the pricing policy, implemented in January and February...
Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has stated that Nigerian stakeholders in the oil and gas industry are now better positioned, than in the last five years, to optimise Nigeria’s vast hydrocarbon natural resources, due to changes that have been...
Federal Capital Territory Administration (FCTA) has taken delivery of four 50-seater hybrid Compressed Natural Gas (CNG) buses from the Presidential CNG Initiative (PCNGI) to enhance public transportation in the capital. During the handover ceremony in Abuja on Thursday, FCT Minister Nyesom Wike, represented by Mr. Chinedum Elechi, Mandate Secretary...
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed a notable 16.42% drop in fuel consumption for June 2025, with total fuel evacuation reaching 1.44 billion litres. George Ene-Ita, NMDPRA’s Director of Public Affairs, clarified in a Wednesday report that the daily fuel consumption averaged 48 million litres,...
Stakeholders have called for long-term financing of projects and a shift in the mindset of creative entrepreneurs as essential tools in enabling the creative industry to thrive. The creative industry stakeholders reached this consensus in Lagos on Tuesday at the maiden edition of QEDNG Creative Powerhouse Summit organised by...
Shell Nigeria Exploration and Production Company Ltd (SNEPCo), has hosted young professionals from Nigeria and other African countries at its offices in Lagos, as it continues to support the growth of future leaders in the energy industry on the continent. The 25 engineers and geologists from Nigeria, Cameroun, Chad,...
Job openings in Nigeria Today British Council Biennials Connect Grants for Visual Artists 2025. University of Bayreuth Centre of International Excellence 2026 “Alexander von Humboldt” Starter Grant Programme. FlexFilms Recruitment for Technical Trainee The Place Recruitment for Marketing Analyst – Entry Level The Place Receuitment for Operations Analyst – Graduate...
The Industrial Training Fund (ITF), has recorded a significant boost in its efforts to train and certify Nigerian artisans internationally, as City & Guilds of London (UK) has officially approved the Fund as a certified examination centre. This development positions the ITF among six other centres across Nigeria that...
Nigeria’s fourth-largest telecommunications operator, formerly known as 9mobile, has unveiled a new brand identity: T2. This strategic move aims to revive the company’s market presence with a sharp focus on digital transformation and customer-centric services. CEO Obafemi Banigbe announced the transformation into T2 during a launch event in Lagos....
By OLA MODUPE, Lagos- The Nigerian National Petroleum Company (NNPC) Retail Limited has taken swift action against fraudulent practices at one of its filling stations in Ikorodu, Lagos State, dismissing a pump attendant and suspending the station manager for attempting to deceive a customer. The decisive measures underscore the...
Shell Nigeria Exploration and Production Company Limited (SNEPCo), has maintained edge in technology as the company’s staff won the highly regarded 1st Place Technical Paper Award at the annual international and exhibition conference of the Society of Petroleum Engineers (SPE) which ended last night in Lagos. Well engineers Augustine Okosun,...