Category : Search result: N300 billion industry


$5B Funding for 500,000bpd Nigerian Refinery

In a groundbreaking development for Nigeria's energy sector, a Canadian company has secured $5 billion funding to complete a massive 500,000 barrels per day refinery project, promising to transform the nation's oil and gas landscape.

NIPSS N1.1B Lawsuit: Court Hearing Begins

The National Institute for Policy and Strategic Studies confronts a massive N1.1 billion lawsuit as court proceedings begin. Get the latest updates on this high-stakes legal confrontation.

NASS Loan Approval: Why Nigerians Shouldn't Worry

Government official reveals why the National Assembly's approval of a $2.347 billion loan shouldn't worry citizens - and how it will actually benefit Nigeria's economy and infrastructure development.

VFD Group Q3 Earnings Soar to N60.7 Billion

VFD Group's disciplined financial strategy yields impressive results as Q3 2023 gross earnings hit N60.7 billion, showcasing remarkable growth in Nigeria's investment landscape.

NFF VP Debunks ₦12B Kebbi Stadium Rumors

NFF Vice President Sheu Dikko clarifies misconceptions about Kebbi State Stadium funding, revealing the truth behind viral ₦12 billion claims in detailed explanation.

Elon Musk First to Hit $500 Billion Net Worth

Tesla and SpaceX CEO Elon Musk has made financial history by becoming the first person ever to amass a staggering $500 billion fortune, rewriting the rules of wealth accumulation.

TEIC 2025 to Revolutionize Nigeria's Event Industry

The Tourism and Events International Conference 2025 promises to transform Nigeria's event landscape with cutting-edge technology, networking opportunities, and empowerment initiatives for industry professionals.

EFCC Raids Kogi Gov's Camp Over N45B Coup Plot Funds

Explosive details emerge as EFCC raids Kogi State Governor's associate, uncovering alleged N45 billion linked to coup plot allegations. Full story on the money trail and political implications.

Nigeria Reps Approve Tinubu's $2.34B Loan Request

The Nigerian House of Representatives has approved President Bola Tinubu's request to borrow $2.34 billion and €100 million, part of a larger $8.69 billion and €100 million loan package previously endorsed by the National Assembly during the Buhari admini

Pinnick Denies ₦1.2B Kebbi Stadium Corruption Claims

Former Nigeria Football Federation president Amaju Pinnick has finally addressed corruption claims surrounding the ₦1.2 billion Kebbi State stadium project, calling allegations 'baseless' and 'politically motivated' in an exclusive interview.

Alphabet Hits $100B Quarter as AI Fuels Record Growth

Alphabet Inc., Google's parent company, has achieved a historic milestone by generating over $100 billion in quarterly revenue for the first time, driven by massive AI integration across its services.

Detty December 2025: Who Will Deliver the Anthem?

As anticipation builds for Detty December 2025, music industry insiders reveal which Nigerian artists are frontrunners to deliver the ultimate party anthem. Get exclusive insights into the contenders and predictions.

Nigeria signs $400m steel production deal

Federal Government partners with African Natural Resources and Mines Limited in landmark agreement to boost domestic steel manufacturing and reduce import dependency.

Economic Saboteurs Threaten Dangote Refinery - NAPS

The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.

BASF Profit Dips 37%, Demands EU Cut Red Tape

German chemical company BASF reports significant profit drop, calls on European Union to reduce bureaucratic hurdles affecting business competitiveness in latest earnings report.

Mercedes Profit Plunge: Nexperia Chips Assured

Mercedes-Benz reports significant profit drop while reassuring investors about Nexperia chip supplies. Latest financial results show 30% EBIT decline as luxury car market faces headwinds.

Nigeria's $1 Trillion Economy Target Now Within Reach

Minister of Industry, Trade and Investment Doris Anite announces Nigeria's ambitious $1 trillion economy target is more achievable than ever, citing recent economic reforms and investor confidence.

Nigeria's Aviation Paradox: Potential vs Poor Connectivity

Despite being Africa's most populous nation with enormous aviation potential, Nigeria ranks among the world's least connected countries by air. Discover the challenges holding back Nigeria's aviation sector and the opportunities waiting to be unlocked.

NB Hits ₦1.04 Trillion Revenue in 9 Months

Nigerian Breweries Plc achieves unprecedented financial performance with ₦1.04 trillion revenue in nine months, showcasing remarkable growth despite economic challenges.

Court Freezes Nestoil Assets in $1B Debt Case

Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.

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