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Nigeria’s Local Content Hits 61% as NCDMB Launches $100 Million Equity Fund
Nigeria’s push for deeper local participation in the oil and gas sector reached a new milestone as the Nigerian Content Development and Monitoring Board (NCDMB) announced that Nigerian Content in monitored projects has reached 61% by the third quarter of 2025. Speaking at the 14th Practical Nigerian Content (PNC) Forum in Bayelsa, NCDMB Executive Secretary
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NECA Wins PEBEC Business Advocacy and Partnership Award
The Nigeria Employers’ Consultative Association (NECA) has been honored with the Business Advocacy and Partnership Award by the Presidential Enabling Business Environment Council (PEBEC). The award was presented during PEBEC’s Annual Award and Gala Night at the Banquet Hall, Aso Villa, Abuja, in recognition of NECA’s commitment, strategic collaboration, and constructive engagement in strengthening Nigeria’s
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NDPHC Restores 450MW to National Grid, Boosts Dormant Capacity
The Niger Delta Power Holding Company (NDPHC) has successfully restored 450 megawatts (MW) of generation capacity to the national grid following the completion of scheduled maintenance at the Geregu NIPP plant. The four-week minor inspection, carried out by Siemens Energy, aimed to enhance the plant’s operational reliability, efficiency, and lifespan, extending its Equivalent Operating Hours
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Companies Raise N1.5 Trillion for Infrastructure and Agriculture in Two Quarters
Nigerian companies have raised approximately N1.5 trillion in debt capital over the past two quarters, reflecting strong investor confidence and a focus on strategic sectors such as infrastructure, agriculture, and sustainable finance. Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), disclosed this during the second Capital Market Committee (CMC) meeting for 2025
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CBN Confirms 82 Licensed BDCs Under Revised Guidelines
The Central Bank of Nigeria (CBN) has officially licensed 82 Bureau De Change (BDC) operators under its revised regulatory framework. The announcement was made in a statement by Mrs. Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. According to the statement, only two operators qualified for Tier-1 status, which requires a N2
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MAN Urges Federal Government to Probe FTZ Operators Over Sharp Practices
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to investigate the activities of certain Free Trade Zone (FTZ) operators across the country, alleging that some engage in practices that harm local manufacturers and undermine the Nigerian economy. Prince Lekan Adewoye, Chairman of MAN’s Basic Metals, Iron, and Steel Manufacturers Group, highlighted
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NPA’s E-Call Up System Handles 3.4 Million Trucks, Cuts Costs by 65%
Nigeria’s port digitalisation drive has recorded significant milestones, with the Electronic Call-Up System (E-Call Up) processing 3.4 million truck movements since its launch in February 2021 and reducing cargo transportation costs by 65 per cent. The achievements come as the country prepares to roll out the National Single Window (NSW) platform in the first quarter
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AltBank Pioneers Digital Payment Pathway for Nigerian Youth
The Alternative Bank, a leading Nigerian financial institution committed to sustainable and inclusive services, has unveiled plans to empower local tech talent and bridge the digital skills gap for youth. This announcement came during the Jericho Businessmen Club’s (JBC) third Annual Socio-Economic Summit, which focused on sustainable economic models and youth empowerment. The Summit brought
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Premier League Transfer Gossip: Liverpool, Man City Eye Diomande as Clubs Track Emerging Talent
As the January transfer window approaches, several Premier League clubs are closely monitoring young talent and potential signings across Europe. According to multiple reports, Liverpool and Manchester City are among the clubs keeping tabs on promising players, while other top-flight teams explore domestic and continental options to strengthen their squads. Premier League Clubs Eye Yan
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Neymar Set for Knee Surgery After Heroics at Santos, Keeps World Cup Hopes Alive
Neymar Jr, Brazil’s all-time leading scorer, is set to undergo knee surgery after playing through pain to help Santos avoid relegation from Brazil’s Serie A. The 33-year-old forward played the full 90 minutes in Santos’ crucial 3-0 win over Cruzeiro on Sunday, securing the club’s place in the top flight for the next season. Playing
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