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NNPC Vows to Complete 52MW Maiduguri Power Project by 2025

Nigeria, Dec. 15 -- The Nigerian National Petroleum Company (NNPC) Limited has reaffirmed its commitment to ensuring the full operation of the 52-megawatt Maiduguri Emergency Power Project (MEPP) by 2... Read More


PenCom's Value Rises to N22 Trillion

Nigeria, Dec. 13 -- Mrs. Omolola Oloworaran, Director-General (DG) of the National Pension Commission (PenCom), hopes the pension asset will reach N22 trillion by December 31. At a press conference y... Read More


Seplat Energy Has Successfully Acquired MPNU

Nigeria, Dec. 13 -- The acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil has been finalized, according to a statement released yesterday by Seplat Energy Plc. This Indigenous en... Read More


FG's Enlarged Digital Tax Net Expects N230 Billion Haul In 2025

Nigeria, Dec. 12 -- By 2025, the federal government's enlarged digital tax net is expected to bring in N230 billion, a 31.35 percent increase over the 2024 objective of N175 billion, according to the ... Read More


Cotton Output Is Halted By Textile Companies Closing

Nigeria, Dec. 11 -- The closure of textile companies around the country has reduced Nigeria's cotton production, making the crop almost extinct. Cotton, sisal, jute, and hemp are among the essential ... Read More


NCAA To Penalise Airlines That Fail to Reimburse Customers Within 14 Days

Nigeria, Dec. 10 -- The Nigerian Civil Aviation Authority (NCAA) has announced that airlines that fail to refund passengers within 14 days of flight cancellations or delays may face sanctions, particu... Read More


Foreign Investments In Nigeria's Telecom Sector Drop By 87% In Q3 2024

Nigeria, Dec. 9 -- The third quarter of 2024 saw an 87% drop in foreign investments in Nigeria's telecommunications sector, a sharp reduction from the year's first two quarters. The National Bureau o... Read More


Elon Musk's Subliminal Tweet Causes Baby Doge's Coin To Soar By 75%

Nigeria, Dec. 9 -- Following a recent suggestive tweet by Elon Musk, which was seen as the billionaire endorsing the meme coin, Baby Dogecoin, a younger member of the Dogecoin meme coin family, has ri... Read More


Naira Steady on Black Market Amid Eurobond Success

Nigeria, Dec. 4 -- Despite improving fundamentals in the country's foreign exchange market, the Nigerian naira remained relatively stable on the unofficial market on Wednesday, bouncing about N1,750/$... Read More


Jaguar's Bold New Electric Concept Car Sparks Mixed Reactions

Nigeria, Dec. 3 -- Jaguar has presented its new electric concept car, which, like a recent controversial teaser film, has divided opinion. The new Type 00 automobile is exciting and absolutely stunni... Read More