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Business

Port Harcourt Refinery Operating at 70% Capacity After Major Overhaul, Fact-Finding Team Confirms

A fact-finding mission to the 60,000 barrels-per-day Port Harcourt Refining Complex on Wednesday has dispelled rumors about the facility's operational status. The visit, led...

CBN to Retire 1,000 Employees in Strategic Restructuring

The Central Bank of Nigeria (CBN) is set to retire approximately 1,000 employees by the end of this year as part of a strategic...
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Alesa Community Leader Alleges Misrepresentation of Port Harcourt Refinery Operations

The Secretary of the Alesa community stakeholders, Timothy Mgbere, has claimed that the petroleum products reportedly loaded from the...

Nigeria to Host Inaugural Hydrogen Conference to Advance Clean Energy Development

The Federal Government of Nigeria has reaffirmed its commitment to advancing hydrogen as a clean energy source, emphasizing its...

Taxes and Oil Revenue Drive FG’s Earnings Up by 76% to N12.5 Trillion – Budget Office

The Federal Government of Nigeria has recorded a 76% surge in revenue, reaching N12.5 trillion in 2023, compared to...

MTN Nigeria Secures ₦75.18 Billion Through Oversubscribed Commercial Paper Issuance

MTN Nigeria Communications PLC has successfully raised ₦75.18 billion through its Series 11 and 12 Commercial Paper (CP) issuance,...

RMRDC Partners with Lawmakers to Ban Importation of Locally Sourced Raw Materials

The Raw Materials Research and Development Council (RMRDC) of Nigeria is collaborating with Nigerian lawmakers to pass legislation that...

UBA to Raise N239.4 Billion Through Rights Issue

United Bank for Africa (UBA) Plc has announced plans to raise N239.4 billion via a rights issue of 6,839,884,274...