The Federal Government said it required $10 billion Public-Private-Partnership (PPP) investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Receiving the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, on a courtesy visit, the Minister of Power, Chief Adebayo Adelabu said that government alone, could not afford the …

Participants at the second virtual meeting of the African Petroleum Regulatory Forum (AFRIPERF) have reaffirmed their commitment to collaboration and sustainable growth in Africa’s petroleum sector. The Chairman of the session, Engr. Gbenga Komolafe, who is the Chief Executive of Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC), emphasised the importance of unity among African nations to strengthen the continent’s petroleum industry. …

NNPC Gas Marketing Limited (NGML), a subsidiary of NNPC Limited (NNPCL), has executed a gas sale and purchase agreement with the Dangote Petroleum Refinery and Petrochemicals, Lagos. The agreement, signed by the Managing Director of NGML, Mr. Justin Ezeala, and the President/Chief Executive Officer of the Dangote Group, Alhaji Aliko Dangote, on Tuesday at the Corporate Head Office of Dangote …

Minister of Innovation, Science and Technology, Chief Uche Nnaji has urged the people to prioritise Nigerian goods, ‘’as they meet high standard and contribute to the economy”. He spoke at a training for youths and women on Federal Institute of Industrial Research Oshodi-(FIIRO)-developed technologies, in Abuja. The training is to upskill in youths and women in FIIRO’s developed technologies, including …

President Bola Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organisation (IMO). The action paves the way for Nigeria to officially deposit these instruments of accesion at the IMO headquarters, which serves as the repository for such conventions. This move is expected to enhance Nigeria’s maritime governance and align its practices with international standards, …

The federal government spent $3.57 billion servicing the country’s foreign debt in the first nine months of 2024. According to data obtained from the Central Bank of Nigeria (CBN) report on international payment statistics, the federal government debt service increased by 39.7 percent from the $2.56 billion spent during the same period in 2023. The data showed that the highest …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that over 30,000 of its members are set to buy Premium Motor Spirit (PMS), popularly called petrol, from the Dangote Petroleum Refinery in bulk. IPMAN also said that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and trucks, respectively. The …

The Nigeria Customs Service (NCS) has announced that it collected N5.7 trillion in revenue as of Tuesday, 12 November 2024. At the ongoing 2024 Comptroller-General of Customs Conference in Abuja, Comptroller-General, Adewale Adeniyi expressed optimism about the service’s capacity to achieve more for the economy. “Our strategic engagements and collaborative approaches have yielded remarkable results across our core statutory responsibilities. …

Amo Farm Sieberer Hatchery Limited’s subsidiary, natnudO Foods, a leading producer of high-quality animal protein, has commissioned its new processing plant in Benin City, the Edo State capital. Located in the Obayanto community, Ikpoba Okha Local Government Area, the commissioning ceremony last Wednesday marked a significant milestone for the company as it expands its operations in Nigeria, contributing to the …

The importance of supporting women in tech leadership roles has been emphasised. At the Uzemi Leadership Summit 2.0, held over the weekend in Ikorodu, Lagos, the Founder of Uzemi Technology Empowerment Initiative (better known as Uzemi Africa), Olatomiwa Williams said: “We are nurturing women that are coming into technology to grow into leadership positions. We need to ensure that women …