Presco Plc Launches ₦237B Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc announces massive ₦237 billion rights issue to drive expansion, strengthen market leadership, and enhance production capacity across West Africa.
Category : Search result: Nigerian oil sector
Dangote Refinery Withdraws Lawsuit Against NMDPRA
In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.
Presco Plc Launches ₦250BN Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc unveils ambitious ₦250 billion rights issue strategy to accelerate expansion, strengthen market leadership, and enhance production capacity across West Africa.
Opeifa, Anyika Decorated as CORTRANS Transport Trainers
Two prominent transport experts, Dr. Muyiwa Opeifa and Engr. Patrick Anyika, receive prestigious recognition from the Chartered Institute of Transport Administration of Nigeria for their outstanding contributions to transport education and development.
Nigeria gets €6.3M EU-UNICEF health production deal
Federal Government partners with European Union and UNICEF in groundbreaking €6.3 million initiative to boost local manufacturing of essential health commodities and reduce import dependency.
Northern Industrialists Support 15% Electricity Tariff Hike
Major northern industrial groups endorse controversial electricity tariff increase, arguing it will stabilize Nigeria's power sector and attract critical investment despite consumer concerns.
Cross River Assembly Summons Officials Over Teacher Promotions
Cross River State House of Assembly summons education officials over delayed teachers' promotions, addressing growing concerns about career stagnation in the education sector.
Local Content Key to Africa's Energy Future
Nigerian Content Development and Monitoring Board reveals how prioritizing local content is transforming Africa's energy sector and creating sustainable growth opportunities.
Ondo Refinery Construction Begins - Economic Boom Ahead
Ondo State celebrates as refinery construction begins, promising job creation, economic growth, and energy independence for Nigeria's oil-rich region.
South-South Crucial to Nigeria's Blue Economy - Oyetola
Nigeria's Maritime Minister Adegboyega Oyetola reveals how the South-South region holds the key to unlocking Nigeria's multi-billion dollar blue economy potential through strategic investment and development.
FG to Sell Nigeria's Dormant Refineries After Years of Losses
The Federal Government announces historic decision to sell Nigeria's dormant refineries, marking a major shift in the nation's energy sector after decades of operational failures and financial losses.
Dangote Refinery Slashes Diesel Price to ₦1,000/Litre
Aliko Dangote's mega refinery triggers nationwide economic shift with dramatic diesel price reduction, offering relief to Nigerian businesses and consumers amid inflation pressures.
Nigeria Lost $300B to Oil Theft - Senate Probe
Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.
Nigeria to Privatize Refineries in Historic Agreement
In a groundbreaking move to revitalize Nigeria's oil sector, the Federal Government and manufacturers have agreed to privatize the Port Harcourt refinery and other national refineries, promising to end fuel import dependency.
Nigeria's Digital Economy: Experts Decry Slow Progress
Energy sector leaders and technology experts express frustration over Nigeria's sluggish digital transformation, warning it threatens economic growth and global competitiveness.
Foundation Urges Govt to Support Free Health Initiatives
The Chidi Lota Foundation urges Nigerian government to strengthen free healthcare initiatives, highlighting critical gaps in maternal and child health services across the nation.
Judicial Reforms to Drive Nigeria's N3T Blue Economy
Chief Justice Ariwoola and NIMASA DG Jamoh unite to transform Nigeria's judiciary, creating specialized courts to unlock the nation's massive blue economy potential and attract crucial investments.
Manufacturers Demand Privatization of Nigeria's Refineries
MAN advocates complete privatization of Nigeria's state-owned refineries to address persistent fuel shortages and boost manufacturing sector competitiveness.
Court dismisses Dangote's ₦100bn suit against NNPC
Federal High Court dismisses Aliko Dangote's massive lawsuit against NNPC Limited and regulatory authorities in major oil industry legal battle over import permit denial.
FG Plans Refinery Sale to Boost Competition
The Federal Government is considering selling the country's struggling refineries to private investors as part of a comprehensive strategy to revitalize Nigeria's oil and gas sector, increase competition, and achieve energy self-sufficiency.
Standard Chartered Meets CBN ₦200bn Recapitalisation
Standard Chartered Bank Nigeria has successfully met the Central Bank of Nigeria's ₦200 billion recapitalisation requirement, positioning itself as a leader in the new banking landscape.
REA & FCMB Drive Nigeria's Renewable Energy Revolution
Nigeria's Rural Electrification Agency partners with First City Monument Bank to drive innovation and investment in renewable energy solutions, promising transformative impact across the nation.
Ondo State Set for Multiple Refinery Projects
Ondo State is poised to become Nigeria's next energy hub as several companies finalize plans to establish refineries, creating thousands of jobs and transforming the regional economy.
Dangote Refinery Cuts Petrol Price to ₦880.5/Litre
Dangote Refinery and its depots have significantly reduced petrol prices to ₦880.5 per litre, creating intense market competition and potential relief for Nigerian consumers.
Katsina Budgets ₦341bn for Social Sector in 2026
Katsina State Government announces massive ₦341 billion investment in social services for 2026 fiscal year, focusing on education, healthcare, and poverty reduction initiatives across the state.
Dangote Refinery Cuts Petrol Prices, Shakes Market
In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.
Transcorp Records 39% Revenue Growth in Nine Months
Transnational Corporation of Nigeria (Transcorp) has announced impressive financial results, recording a massive 39% revenue growth to N123 billion in the first nine months of 2023, signaling strong recovery and strategic success.
DSS Dismisses 115 Personnel in Internal Shakeup
Nigeria's Department of State Services terminates 115 staff members in sweeping reforms aimed at enhancing operational efficiency and discipline within the security agency.
NAFDAC Boss Praised for Health Sector Transformation
NAFDAC's Director-General Prof. Moji Adeyeye earns commendation for transformational leadership that's reshaping Nigeria's healthcare landscape and regulatory standards.
Standard Chartered Meets CBN's ₦200B Capital Requirement
Standard Chartered Bank Nigeria has successfully met the Central Bank's new ₦200 billion minimum capital requirement, positioning itself as a leader in Nigeria's banking sector transformation.
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