Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

Nigeria, E/Guinea plan fresh opportunities in International Oil Sector

The Governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and…

NCDMB, NLNG plan Local Content Opportunities on E-Marketplace

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas E-Market Place, thereby implementing a key provision of…

Abuja: SUV, other prizes won at NCDMB sponsored NOG Golf Tourney

The 2023 Nigerian Oil and Gas Energy Week Golf Tournament sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) took place on Sunday at the IBB Golf Course, Abuja, with one of the players, winning a brand-new 2022 GS3…

Seplat Energy, CEO win big at 2023 Excel Africa Awards

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE) has emerged as winner of the ‘Excellence in Energy Leadership Company of the Year 2023’ award at the…

FG Supports $5b Floating LNG Project

President Bola Tinubu has pledged support for the implementation of a $5 billion floating Liquefied Natural Gas (LNG) project in the country. Tinubu gave the backing on Wednesday when he received a group of joint venture partners made up of…

Egbin Power hits record-breaking 1000MW, aims more

The largest power generating station in Nigeria, Egbin Power Plc, recorded a record-breaking 1000MW power generation peak on Sunday, June 25, 2023, and also generated nearly one-third of Nigeria’s total power load on yesterday. The total power load supplied by…

Just in: Discos withdraw on tariff hike, await NERC approval

Nigerian electricity distribution companies (Discos), yesterday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. Various public…

Discos notify electricity consumers of tariff increase from July 1, 2023

In view of recent unification of naira exchange rate leading to loss of value of the naira to dollar, Electricity Distribution companies (Discos) have statements sent to respective consumers on Sunday night, the Discos stated that the review was due…

NCDMB unveils Teachers To Integrated Multimedia Learning Devices

No fewer than 80 teachers of post-primary institutions drawn from different states of the federation are undergoing a three-day training organised by the Nigerian Content Development and Monitoring Board (NCDMB), in conjunction with First E&P Development Limited at the Nigerian…

Afreximbank greets Dangote’s $19bn petrochemicals feat with award

President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African Export-Import Bank (Afreximbank) at an award ceremony held by the bank in in Accra, Ghana. The award…