October 26, 2026

BUSINESS

Shell outlines steps to Nigeria’s sustainable energy future, pledges support Shell at NAICE

Shell outlines steps to Nigeria’s sustainable energy future, pledges support

OLA MODUPE August 6, 2025
Nigeria’s efforts to achieve a sustainable energy future will deliver the desired results if she introduces the right polices and deploys fit-for-purpose technology, while at the same time developing a robust supply chain and human resource base to help to unlock production and investments. Managing Director, Shell Nigeria Exploration...
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Collaboration can improve policy, grow Nigeria Oil and Gas industry – Renaissance CEO Olowu of Owu with Renaissance CTO

Collaboration can improve policy, grow Nigeria Oil and Gas industry – Renaissance CEO

OLA MODUPE August 4, 2025
Managing Director and CEO of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has identified extensive and deliberate collaboration with government and other stakeholders in the Nigeria oil and gas industry, to create an investment- attracting environment. According to Attah, this strategy would enable Nigeria to better utilise its vast...
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CBN: Our Early Exit Package not targeted at northerners CBN Governor, Yemi Cardoso

CBN: Our Early Exit Package not targeted at northerners

Offor Callistus July 30, 2025
Central Bank of Nigeria (CBN) has reiterated that its Early Exit Package (EEP) implemented in 2024 was entirely voluntary and not designed to target or marginalize employees from Northern Nigeria. CBN Deputy Governor (Economic Policy), Muhammad Abdullahi, made this clarification during a two-day Interactive Session on Government-Citizen Engagement held...
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Port Harcourt Refinery not for sale—NNPC Ltd Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall meeting on Tuesday at the NNPC Towers, Abuja.

Port Harcourt Refinery not for sale—NNPC Ltd

Offor Callistus July 30, 2025
By JOY ADARA, Abuja- Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at...
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Nigeria loses $15 billion yearly due to broadband access gap, says FibreOne fiberOne

Nigeria loses $15 billion yearly due to broadband access gap, says FibreOne

Offor Callistus July 27, 2025
FibreOne, a leading broadband provider in Nigeria, has revealed that the country’s significant broadband access deficit results in an estimated annual economic loss of $15 billion. This statement was made by FibreOne’s Chief Experience Officer, Yinka Isioye, during his keynote speech at the 21st Titans of Tech Conference, Expo,...
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Nigerian stock market ends week positively with N85 trillion market cap Stock market

Nigerian stock market ends week positively with N85 trillion market cap

Offor Callistus July 26, 2025
Nigerian stock market wrapped up the week on a high note, with investors gaining N793 billion on Friday. Market capitalization grew by N793 billion, a 0.94 percent rise, closing at N85.055 trillion, up from N84.262 trillion the previous day. The All-Share Index (ASI) also advanced by 1,252.93 points, or...
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Ibom Air announces expansion of flight schedule on Enugu, Calabar routes Ibom Air

Ibom Air announces expansion of flight schedule on Enugu, Calabar routes

Offor Callistus July 25, 2025
By ANIEFIOK UDONQUAK, Uyo – Ibom Air has announced the expansion of flight schedule on the Enugu and Calabar routes in line with its commitment to improving connectivity and offering greater convenience to passengers. According to the airline, effective July 25, 2025, flights from Lagos and Abuja to Calabar...
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Onasanya says “I’m vindicated,” as court strikes out loan controversy case Onasanya official pix

Onasanya says “I’m vindicated,” as court strikes out loan controversy case

OLA MODUPE July 23, 2025
Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out the controversial loan-related case involving his name. Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, July 23, 2025 struck out the...
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CBN credits energy price drop, FX stability for June inflation decline CBN Governor, Yemi Cardoso

CBN credits energy price drop, FX stability for June inflation decline

Offor Callistus July 23, 2025
Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, attributed the reduction in June’s headline inflation to stabilized energy prices and a steady foreign exchange market. Speaking in Abuja on Tuesday during the presentation of the 301st Monetary Policy Committee (MPC) communiqué, he highlighted key factors influencing the economy....
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NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa – Ojulari Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr Bashir Ojulari

NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa – Ojulari

Offor Callistus July 23, 2025
By MBAFAN ADE, Abuja – Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has reaffirmed the Company’s commitment to dismantling structural bottlenecks towards laying a solid foundation for a self-sufficient refining ecosystem in Africa. Ojulari disclosed this while delivering a keynote address titled “Building an African...
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Dangote slams Africa’s $90b fuel import trap, urges unified energy standards Dangote

Dangote slams Africa’s $90b fuel import trap, urges unified energy standards

Offor Callistus July 23, 2025
By EZEKIEL OBI, Abuja- President of Dangote Group, Alhaji Aliko Dangote, has expressed concern over Africa’s reliance on importing over 120 million tonnes of refined fuel annually despite its vast crude oil production. Speaking at the inaugural West African Refined Fuel Conference in Abuja on Tuesday, hosted by the...
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Tinubu, Dangote tackle energy sector hurdles in high-stakes talks Aliko Dangote and President Bola Tinubu

Tinubu, Dangote tackle energy sector hurdles in high-stakes talks

Offor Callistus July 23, 2025
President Bola Tinubu on Tuesday evening, hosted billionaire industrialist Alhaji Aliko Dangote at the State House in Abuja for a private discussion. Though details remain under wraps, the meeting underscores the Nigerian government’s commitment to fostering private-sector-driven progress in the oil and gas industry. The talks come on the...
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