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Esso E&P Reaffirms Commitment to Strengthening Nigeria’s Energy Sector
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation, has restated its commitment to advancing Nigeria’s energy sector through strategic collaboration, regulatory clarity, and sustainable capacity development. The reaffirmation was made at the 2025 Practical Nigerian Content (PNC) Forum in Yenagoa, where industry leaders gathered to deliberate on operational efficiency
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Govt Mobilises Young Diaspora Innovators for National Growth
As thousands of young Nigerians abroad prepare to visit home for the festive season, the Federal Government is turning December into more than a holiday period — it is using it as a strategic moment to tap into the nation’s global talent network. On December 19, the National Diaspora Convention will hold at the JK
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Federal Government Explores Innovative Solutions to Midstream Oil Sector Challenges
Nigeria’s midstream oil sector faces persistent issues with illegal refining and pipeline vandalism. The Federal Government is now exploring creative, locally driven solutions through modular refineries. During an inspection tour of Ebenco Global Link Limited’s modular refinery in Koko, Delta State, Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, and NMDPRA Director of Liquid,
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Schroders Explores Strategic Options for Benchmark Capital, Sources Say
Britain’s Schroders (SDR.L) is reportedly exploring strategic options for its financial planning business, Benchmark Capital, including a potential sale, according to sources familiar with the matter. The move comes as Schroders seeks to expand its wealth management franchise and focus on serving more affluent clients. Schroders’ Strategic Shift Under the leadership of CEO Richard Oldfield,
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Prof. Ngwu Advocates Development of New Towns to Boost Nigeria’s Growth
Professor Franklin Nnaemeka Ngwu, Director of Public Sector Initiative and Professor of Strategic Management & Governance at Lagos Business School, has called for the development of new towns in Nigeria to manage population growth and drive socio-economic development. Speaking at UPDC Plc’s 4th Annual Real Estate Summit in Ikoyi, Lagos, themed “New Towns and Their
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Former Pornhub Owner Explores Acquisition of Lukoil Assets, Sources Say
Austrian businessman Bernd Bergmair, the former majority owner of the adult entertainment conglomerate MindGeek, has reportedly expressed interest in acquiring the international assets of sanctioned Russian oil giant Lukoil (LKOH.MM), according to sources familiar with the matter. Context: U.S. Sanctions on Lukoil The U.S. Treasury Department imposed sanctions on Lukoil, Russia’s largest privately-owned oil producer,
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NLC and NECA Reject Proposed Amendments to NSITF Act
The Nigeria Labour Congress (NLC) and the Nigeria Employers’ Consultative Association (NECA) have opposed the proposed amendments to the Nigeria Social Insurance Trust Fund (NSITF) Act, which seeks to consolidate the NSITF Act and the Employee Compensation Act (ECA) into a single law. During a Senate public hearing in Lagos, NLC President Joe Ajaero and
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Nigeria Loses $363 Million Annually Due to EU Ban on Beans Exports
Nigeria’s agricultural sector is losing an estimated $362.5–$363 million annually in foreign exchange because of the ongoing European Union (EU) ban on dried beans exports, primarily due to high pesticide residues. The ban, in place since 2015, was triggered by unsafe levels of Dichlorvos (DDVP) in Nigerian beans—well above the EU’s Maximum Residue Limit. This
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MTN Nigeria Wins Four Awards at Consumers Value Awards 2025
MTN Nigeria has emerged a major winner at the Consumers Value Awards (CVA) 2025, held at Ijakadi Hall, Radisson Blu Hotel, Ikeja GRA, clinching four key awards and cementing its reputation as a consumer-favourite telecom provider. The awards, themed “Beyond Prices: Consumer Trust, Digital Experience & Brand Accountability,” were organised by BrandXchange and determined through
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Transafam Power Launches CSR Initiative for Senior Citizens in Rivers State
Transafam Power Limited, a subsidiary of Transnational Corporation Plc, has launched the inaugural edition of its Corporate Social Responsibility (CSR) programme for senior citizens in its host community, Okoloma-Afam, Oyigbo Local Government Area, Rivers State. The initiative targeted over 30 elderly residents, including 24 women and six men, providing comprehensive medical screenings, wellness education, essential
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