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Business & Finance

US Firm to Build $100m Gas Processing Plant in Bayelsa

  The Bayelsa Government and US-based energy company, Fulcrum LNG Incorporated, on Thursday sealed a partnership to build a multi-million-dollar gas gathering and processing facility...

Afreximbank Facilitates $3bn Investment Opportunities in Nigeria, 20 Other African Countries

  The African Export-Import Bank (Afreximbank) says its African Sub-Sovereign Governments Network (AFSNET) has facilitated investment opportunities worth more than three billion dollars across 21...

Shell Says Industry Reforms Critical to Driving Investment, Higher Oil Output

  The Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni, says reforms in Nigeria’s oil and gas industry is critical to attracting investments,...

Vision 2030: Dangote Targets 1.4m bpd Refinery Capacity, 12m Tonnes Fertiliser Output

  Dangote Group plans to expand its petroleum refinery capacity to 1.4 million barrels per day and fertiliser production to 12 million metric tonnes annually...

PenCom Pledges Improved Welfare, N52,500 Minimum Pension for 173,209 Retirees

  The National Pension Commission (PenCom) said 173,209 low-income retirees will benefit from the Pension Industry Healthcare Plan for Retirees (PenCare) and N52,500 monthly minimum...

FCCPC to Monitor Petrol Pump Price as Crude Oil Price Falls Below $90/Barrel

  The Federal Competition and Consumer Protection Commission (FCCPC) said it is closely monitoring the continued drop in crude oil prices in the international market...

FG targets ‌‌‍⁠‍⁠⁠‍‍‍‍⁠⁠‍‌20,000MW Power Generation, Promises Stable Electricity

  The Federal Government said it is targeting 20,000 megawatts of electricity generation within the next three to five years, as part of efforts to...

Nigeria Risks Losing Retail FX Channel, Bureaux De Change Operators Warn

  The Association of Bureaux De Change Operators of Nigeria (ABCON) has warned that Nigeria risks losing a critical retail foreign exchange distribution channel if...

NDIC Insists on Timely, Transparent Valuation of Failed Banks’ Assets

  The Nigeria Deposit Insurance Corporation (NDIC) has engaged all stakeholders involved in the business of asset management to facilitate timely, credible valuation and transparent...

Refinery IPO Didn’t Meet 10m Investors Target, Says Aliko Dangote

  By Emmanuel Olugua The chairman of Dangote Industries Limited (DIL), Aliko Dangote, has said that the initial public offering (IPO) of the company’s refinery business...

Dangote Petrol cut: Motorists Demand Significant Reduction in Pump Prices

  Some motorists in the Federal Capital Territory (FCT) have expressed concern over oil marketers’ failure to significantly reduce petrol pump prices in spite of...

Expert Says Lower Bank Deposits with CBN Signal Shift To Lending, Investment

The President, Capital Market Academics of Nigeria, Prof. Uche Uwaleke, has said that banks’ lower deposits in the Central Bank of Nigeria (CBN) may...