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‘Nigeria can no longer depend solely on DisCos,’ as FG plans nationwide utility-scale renewable energy
Federal Government has disclosed plans to create Renewable Energy Service Companies (RESCos) across the country to drive access to electricity for more households. Government said the RESCos are expected to compete directly with existing electricity distribution companies (DisCos) over the…
Strong H1 2026 report firms Sterling Financial among NGX top five gainers
Investors kept faith with the Sterling Financial Holdings Company Plc, Thursday, lifting its shares up by 7% and into the ranks of the Nigerian Exchange (NGX) top gainers, days after the HoldCo unveiled a stronger set of half-year results. Sterling…
AIICO meets fresh regulatory benchmark, retains composite license, as Q2 results grow
(From right): Commissioner For Insurance/CEO, National Insurance Commission (NAICOM), Mr Olusegun Omosehin, presenting the new operational licence to Mr. Babatunde Fajemirokun, the MD/CEO of AIICO Insurance Plc AIICO Insurance Plc has received a new operational licence from sector regulator, the…
Fiscal reforms sparked $50bn offshore investment wave – Avuru
Fiscal incentives for petroleum investments introduced by the administration of President Bola Ahmed Tinubu contributed to unlocking over $50 billion commitments from major international oil companies after nearly two decades of investment stagnation. Chairman of AA Holdings, Mr. Austin Avuru,…
Sahara upstream deploys 380,000-barrel vessel for OML 18 evacuation
Sahara Upstream has strengthened its crude oil evacuation capacity with the deployment of MT D Adesanya, a 380,000-barrel Medium Range (MR) tanker, in a move aimed at improving operational efficiency, increasing production reliability and advancing sustainability across its marine logistics…
NLNG unveils first longlist for Nigeria Prize for Creative Arts
Nigeria LNG Limited (NLNG) has unveiled the first-ever nominees for The Nigeria Prize for Creative Arts (NPCA), with 11 documentary entries advancing from a pool of 98 submissions in the inaugural edition of the US$20,000 award. Sponsored by NLNG, the…
Seplat sets model for systemic investment in learning
Nigeria’s education system requires more structured private-sector interventions that address the full learning value chain rather than isolated acts of corporate philanthropy, with the education model of the NNPC/Seplat Energy Joint Venture emerging as an example of a system-wide approach….
Insurers redraw Middle East risk map as Houthis escalate attacks
Marine insurers in London have expanded the Red Sea area classified as high-risk for commercial shipping following a series of attacks by Yemen’s Iran-backed Houthi rebels on Saudi-linked vessels, underscoring mounting threats to one of the world’s most critical energy…
Nigeria joins Saudi-led maritime coalition amid mounting domestic security pressures
Nigeria has joined 13 other countries in a Saudi Arabia-led multinational maritime security coalition established to protect critical international shipping routes through the Strait of Hormuz, the Bab el-Mandeb Strait, the Red Sea and the Gulf of Aden, even as…
NLNG to boost dom-LPG supply by 250,000 to 750,000 tpa
The Nigeria LNG Limited (NLNG) has reaffirmed its commitment to driving sustainable growth, strengthening Nigeria’s energy security and delivering long-term value through operational excellence, expansion of production capacity and strategic infrastructure development. Speaking during an interactive session with media representatives…
