Category: Nigeria news
-
‘Govt Issued 23 Refinery Licences in Four Years’
The Federal Government has granted 23 refinery licences in the four years since the enactment of the Petroleum Industry Act (PIA), according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This was disclosed yesterday at the maiden conference of the Energy Correspondents Association of Nigeria (ECAN) in Abuja, themed “Four Years of the
-
NCP Approves Steps to Regularise Afam Power Plant Sale
The National Council on Privatisation (NCP) has approved a request from the Bureau of Public Enterprises (BPE) to conclude negotiations with Transcorp Power Consortium for the execution of Performance Agreements (PAs) relating to the sale of Afam Power Plc and Afam III Fast Power Limited. The approval—granted during the Council’s third meeting of 2025, chaired
-
Norrenberger Buys N1.31bn Stake in NASD, Becomes Major Shareholder
Norrenberger Securities Limited has acquired a 4.35% equity stake in NASD Plc, marking one of the most significant institutional investments in Nigeria’s over-the-counter (OTC) market in more than a year. The transaction—valued at N1.306 billion—saw Norrenberger purchase 21.76 million NASD shares at N60 per share, a 111.7% premium over the exchange’s current trading price of
-
Stakeholders Raise Concerns Over N1.4bn Judgment Against Polaris Bank
Legal stakeholders in Rivers State have voiced strong concerns over a recent judgment delivered by Justice Alatuwo E. Fubara of the Rivers State High Court ordering Polaris Bank to pay N1.4 billion in a foreign exchange dispute involving Paulazanda Nigeria Limited. Justice Fubara not only issued the judgment but also signed a Writ of Execution
-
MTN Nigeria Launches YelloTide Festive Campaign
After days of online buzz and speculation, MTN Nigeria has officially unveiled YelloTide, its highly anticipated festive campaign designed to spread joy, kindness, and connection nationwide. The campaign launches this week after a three-day teaser that kept Nigerians guessing across social media. With the big reveal now made, MTN says YelloTide will roll out in
-
Genus and Simba Industries Partner to Deliver Advanced Lithium Power Solutions in Nigeria
Genus, a leading power solutions specialist, in partnership with Simba Industries, has unveiled its latest range of high-performance solar inverters and lithium-ion battery systems for Nigerian homes and businesses. Simba Industries will handle distribution of the new systems, marking a significant step forward in providing reliable, efficient, and future-ready energy solutions for the country. The
-
Gold: A Strategic Metal and Inflation Hedge for Africa – TGI Group
Mudassir Amray, Executive Director of Tropical General Investments (TGI Group), has described gold as “a metal of strategy” and “an inflation firewall” for African economies. Amray made the remarks during his keynote address at Gold Roadshow Africa, a gathering of central bankers, policymakers, and institutional investors exploring Africa’s growing role in the global gold value
-
Esso Calls for Regulatory Clarity to Unlock Nigeria’s Oil & Gas Potential
Esso Exploration and Production Nigeria Limited (EEPNL), an affiliate of ExxonMobil, has urged strategic focus on regulatory clarity and human capital development to fully harness Nigeria’s oil and gas resources. Speaking at the 2025 Nigerian Association of Petroleum Explorationists (NAPE) Conference, EEPNL’s Executive Director, Development, Etabuko Abirhire, emphasized that Nigeria’s ambitious production targets—two million barrels
-
BAT Ideological Group Urges Urgent Resolution of Rigasa Community Power Crisis
The BAT Ideological Group, led by Comrade Bamidele Atoyebi, has called for an immediate solution to the persistent power distribution challenges in Rigasa community, Igabi Local Government Area, Kaduna State. The appeal was made during the group’s courtesy visit to Engr. Jennifer Adighije, Managing Director of the Niger Delta Power Holding Company (NDPHC), at the
-
Burial of CAC Pastor Matthew Asiyanbi Commences Today
The funeral service for Pastor Matthew Asiyanbi of Christ Apostolic Church (CAC) begins today in Modakeke, Osun State. The revered cleric passed away on August 17 at the age of 105. According to a statement by the Asiyanbi and Osundun families, the proceedings will start with the body leaving the OAU Morbid Anatomy Department at
Recent Posts
- Real Madrid Top Earners Globally as Liverpool Surpasses Manchester United
- Andoni Iraola’s Future at Bournemouth Remains Uncertain Amid Transfer and Contract Questions
- “Over 5,000 Men Want to Marry Me” — Nkechi Blessing Cries Out Over DM Flood
- Fela’s Daughter Fires Back at Wizkid Amid Seun Kuti Feud
- Chioma Sparks Reactions With Humorous Response to Unwanted DMs
Hi, this is a comment. To get started with moderating, editing, and deleting comments, please visit the Comments screen in…