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GenCos reject FG’s N7trn resettlement plan, call for state of emergency in power sector
Federal Government’s debt owed to electricity generating companies (GenCos) have now reached N7 trillion, even as a planned resettlement option has been turned down by the operators, who insist on recovering their money. The GenCos have also called on government to…
CBN’s new forex guidelines clears import of up to $10,000 without declaration
Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange (forex) Guidelines which provides that an individual can export $50,000 cash. The only condition, according to the Guidelines, released, Friday, is that such cash must be declared at the point of…
AIICO tops industry rankings, voted 2026 best insurance firm at prestigious Capital Market Awards
AIICO has been voted Insurance Company of the Year 2026 at the Nairametrics Capital Market Awards, emerging as the top performer among its peers in a category designed to recognise excellence across Nigeria’s insurance landscape. The Nairametrics Capital Market…
Algeria kicks off work at own section of $13bn trans-Saharan gas pipeline project
Algeria has officially kicked off work at its own section of the 4,100 km long Trans-Saharan Gas Pipeline (TSGP) project. The TSGP is a separate, competing 4, 128km pipeline project running through Niger and Algeria with an estimated cost of…
Service providers accuse FCCPC of violating court order on enforcement of DEON regulation
Fresh from securing a High Court order restraining the Federal Competition and Consumer Protection Commission (FCCPC) from enforcing the controversial Digital Economy and Online Lending (DEON) Consumer Lending Regulations, the Wireless Application Service Providers Association of Nigeria (WASPAN) has accused the…
NUPRC urges banks to support oil, gas operators
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on financial institutions to support operators in expanding domestic gas production. NUPRC’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, who said this whole receiving top executives of the Rand Merchant Bank (RMB), at the commission’s…
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,”…
