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Fuel import tariff: Dangote declares readiness for supply challenge
Pledges price stability during Yuletide festivities Sopuruchi Onwuka Africa’s leading petroleum refiner, Dangote Petroleum Refinery, has restated it resolve to sustain steady flow of key transportation fuels in the domestic market, assuring that its plant output capacity currently exceeds immediate…
How SOAD agreement can unlock $500m investments into C’River – Eyo-Honesty
The Resident Ambassador of the State of African Diaspora (SOAD) Nigeria, Princess Evelyn Eyo-Honesty, has disclosed that a cooperation agreement between SOAD and the Cross River State Government can unlock $500m investments into the state. Princess Eyo-Honesty made this known…
Cross River: 2000 youths to benefit from empowerment programme
Ani Bassey Thousands of youths in Cross River State are set to undergo a rigorous training verification process for a spot in the collaborative 2,000 Cross River Youth Empowerment Programme. The initiative is a joint effort between the Research Gateway…
Gov. Otu presents 780b budget of inclusive growth for 2026 fiscal year
From Ani Bassey Cross River State Governor, Senator Bassey Otu, on Tuesday, presented a total budget outlay of N780.59 billion for the 2026 fiscal year to the State House of Assembly. The budget, themed “Budget of Inclusive Growth,” is designed…
NERC marks 20 years of regulating electricity sector
Sopuruchi Onwuka The Nigerian Electricity Regulatory Commission (NERC) has announced plans to commemorate its 20th anniversary, marking two decades of regulatory oversight and policy reforms that have shaped the Nigerian Electricity Supply Industry (NESI). Established on October 31, 2005, under…
Nigeria’s GDP plunged 93% to $188bn in 2024 amid economic policy fallout
Sopuruchi Onwuka Nigeria’s nominal gross domestic product (GDP) fell sharply by 93 percent, from $363 billion in 2023 to $188 billion in 2024, highlighting the immediate effects of economic policies introduced by President Bola Tinubu’s administration after taking office last…
WIEN congratulates Mshelbila, Ekpo on GECF elections
Africa’s leading advocate for gender inclusion and capacity development in the energy sector, Women in Energy Network (WIEN), congratulates the Managing Director of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on his election as Secretary-General of the Gas Exporting Countries…
Japa: Nigeria leads Africa’s $500bn remittance market by 2035
Sopuruchi Onwuka Nigeria stands to gain significantly as the continent’s remittance market is projected to reach $500 billion by 2035, driven by rapid fintech innovation and expanding digital payment systems. Oracle Intelligence reports that Nigeria is one of Africa’s top…
COP30 to shift debate from energy transition to energy mix _Lokpobiri
Africa’s $120b worth of oil reserves threatened by climate action Says climate action has hit economic crisis Sopuruchi Onwuka African delegates to the 30th Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) will not…
AFC enters Canadian market for $100m facility from Findev
The Africa Finance Corporation (AFC) has secured a $100 million, 10-year loan facility from FinDev Canada; marking its first-ever transaction in the Canadian market and FinDev Canada’s inaugural infrastructure financing in Sub-Saharan Africa. The landmark agreement, according to a statement…
