Femi Otedola acquires 5.52% of Transcorp Plc, threatens Elumelu’s controlling interest
Oredola Adeola Femi Otedola, one of Nigeria’s richest has acquired a 5.52% share of Transnational Corp of Nigeria (Transcorp)...
Finance
Nigerian Govt. secures $800m World Bank grant for subsidy palliatives
Oredola Adeola Nigeria’s outgoing government has announced the receipt of $800 million (370.4 billion) grant from the World Bank, expected...
Nigerians ‘consume’ 4.07bn litres of petrol, as subsidy estimate hits N823.30bn in 9 weeks – Report
Oredola Adeola With a total volume of 4,075.78 million litres(ml) of Premium Motor Spirit (PMS) also known...
Nigeria launches carbon avoidance initiative, as NSIA, Vitol release $50m initial commitment
Oredola Adeola An initial sum of US$50 million has been released by Nigeria Sovereign Investment Authority, NSIA, and Vitol...
Enactment of electricity constitutional amendment may create hurdles, incentives for industry players- Templars
Oredola Adeola Power sector investors and other industry players are more likely to encounter more hurdles and enjoy incentives...
NNPC refutes claim of N20bn paid to ghost consultants
Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has denied the allegation by an online news platform (not...
Nigerian Govt. shifts deadline for conclusion of 2022/23 deep offshore oil block mini bid round to July 28
Oredola Adeola The Nigerian Government has shifted the deadline for the submission of Technical/ commercial bid for the...
Nigerian Govt approves N59.7 bn for two oil-producing communities in Rivers State
Oredola Adeola The Nigerian Government has approved a total of N59.7 billion, comprising of N41.4 billion for the construction of...
CBN raises MPR to 18%, cites Buhari’s plan to remove petrol subsidy
... subsidy removal will definitely push up inflation further - Kale, former DG NBS Oredola Adeola The Central...
Nigerian upstream regulator sets to introduce bailout funds for 2020 Marginal Oil Field licence awardees
Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed the plan to introduce hydrocarbon production-based lending engagement...
