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Nigeria’s external reserves jump by 2.5% to reach $49.58 in May
Central Bank of Nigeria (CBN) Economic Report for May has reported a rise in the External Reserves of the country to $49.58 billion May 29, from the $48.36 recorded in April, this year. According to the CBN, the figure represents an…
Heirs Energies’ $750m deal wins global finance award
Frank Okon Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has earned international recognition after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA…
NSML Maritime Centre earns UK nautical institute certification
Ziggy Ojiegbe The Maritime Centre of Excellence (MCOE), the flagship maritime training and research institute of the NLNG Ship Management Limited, has secured international certification from the The Nautical Institute, marking a major milestone for Nigeria’s maritime training sector. Managing…
Egbin Power rewards excellence, honours top employees at ERA 2026
Frank Okon Nigeria’s largest power generation company, Egbin Power, has reaffirmed its commitment to building a high-performance workplace culture by recognising and rewarding outstanding employees at its Employee Recognition Awards (ERA) 2026. The colourful ceremony, which brought together the company’s…
GCSS, Borikiri wins 2026 NLNG science contest
Fred Shawel Government Comprehensive Secondary School, Borikiri, has emerged champion of the 2026 NLNG Science Contest, defeating other finalists in the grand finale held on Wednesday in Port Harcourt, Rivers State. The competition, themed “Powering Tomorrow: Science and Innovative Solutions,”…
117 African firms listed on LSE as African investment in London tops £30m
Frank Okon No fewer than 117 African companies are now listed on the London Stock Exchange, more than on any other stock exchange globally, while African businesses have invested over £30 million in London through foreign direct investment in the…
Nigeria’s demographics drive surge in digital infrastructure investment
Frank Okon Nigeria’s rapidly growing population and youthful demographics are emerging as major catalysts for investment in digital infrastructure, with industry experts increasingly describing the country’s data centre boom as a demographic story rather than simply a technology trend. As…
Dangote Refinery surges past design capacity, records 700,000 bpd milestone
Ziggy Ojiegbe Cost relief remains elusive for Nigerians Dangote Petroleum Refinery & Petrochemicals has raised its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd and marking a significant operational milestone…
World Environment Day: Chevron renews green commitment
Ziggy Ojiegbe As the world marks World Environment Day on June 5, Chevron Nigeria and Mid-Africa (NMA) has reiterated its commitment to environmental protection and sustainable energy development, aligning its operations with this year’s theme, “A Global Call for Climate…
2026 oil, gas licensing round to kick off Q3, 2026 — NUPRC
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 oil and gas licensing round will kick off by the third quarter of 2026. According to the NUPRC, the announcement follows approval from the Minister of Petroleum Resources, Heineken Lokpobiri….
