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.
Category : Search result: energy sector
Cooking Gas Prices Surge Again: Scarcity Warning Issued
Nigerians face another round of cooking gas price hikes as dealers predict severe scarcity. Discover the causes and economic impact on households.
FG Mandates Financial Transparency for Nigerian Universities
Federal Government mandates full financial transparency for all tertiary institutions starting Q1 2024. Universities, polytechnics, and colleges of education required to publish detailed annual financial statements publicly.
Edo State to Begin Local Drug Production in 2026
Edo State announces groundbreaking pharmaceutical manufacturing initiative to produce essential medicines locally by 2026, reducing import dependency and creating thousands of jobs.
Nigeria's Oil Chief to Address Pan-African Parliament
NUPRC CEO Gbenga Komolafe set to share Nigeria's oil and gas regulatory expertise with African lawmakers, focusing on sustainable energy development and economic growth across the continent.
$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.
Science Transforms Lives Across Northern Nigeria
Discover how scientific initiatives and technological innovations are driving positive change, improving livelihoods, and creating new opportunities across Northern Nigerian communities.
Australia Offers 3 Hours Free Solar Power Daily
Australia don launch groundbreaking solar initiative wey go provide millions of residents with three hours of free electricity every single day. This revolutionary policy na part of dem commitment to renewable energy.
BP Profit Surges to $2.7B as Oil Prices Soar
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
NLC Urges Workers to Build Political Power, Demands Health Reform
Nigeria Labour Congress calls for urgent healthcare reforms and political mobilization of workers to address systemic failures and improve working conditions across sectors.
Ezeibe Makes History as First Female NCRIB President
The Nigerian insurance sector witnesses a historic transformation as Dr. (Mrs.) Bola Onigbogi Ezeibe becomes the first female president of Nigerian Council of Registered Insurance Brokers, marking a significant milestone for gender inclusion in financial
Nigeria Private Sector Growth Hits 6-Month High
Nigeria's private sector shows strongest growth in six months as business output and new orders surge, signaling economic recovery despite persistent inflation challenges.
Sterling HoldCo Profit Soars 127% in Stunning Growth
Sterling Financial Holdings Company reports explosive 127% profit growth, reaching ₦21.8 billion as assets surpass ₦2.1 trillion in latest financial results.
Nigeria's Energy Future Depends on Local Expertise
Discover how Nigeria's energy sector is shifting from foreign dependency to homegrown solutions, with local capacity building becoming the cornerstone of sustainable power development.
Nigeria's Power Crisis: The AI Race Decider
As the global AI race intensifies, Nigeria's unreliable power supply threatens to leave the nation behind in the technological revolution. Discover how electricity is becoming the decisive factor in Africa's digital transformation.
Doctors Strike Will Worsen Healthcare Crisis - NMA
The Nigerian Medical Association sounds alarm as resident doctors begin indefinite strike, warning of catastrophic consequences for patients and healthcare system.
Cooking Gas Prices Surge: New Rates Shock Nigerian Households
Nigerian families face mounting pressure as cooking gas dealers announce sharp price increases nationwide. Discover the new rates for 12.5kg, 6kg, and 5kg cylinders and what's driving this energy crisis.
Nigerian doctors issue 72-hour ultimatum over unpaid salaries
NARD gives federal government 72-hour deadline to address unpaid salaries and hazard allowances, threatening industrial action if demands aren't met.
Denmark launches revolutionary carbon-hydrogen plant
Denmark inaugurates revolutionary carbon capture and hydrogen production facility, marking significant milestone in Europe's clean energy transition and climate action efforts.
Germany Slashes Industrial Power Costs from 2025
German government announces significant electricity price cuts for industries starting January 2025, offering relief to manufacturers amid economic challenges.
Dangote Refinery Hits 70M Litres, NNPC Cuts Petrol Prices
Nigeria's energy sector experiences major transformation as Dangote Refinery achieves massive production capacity while NNPC implements nationwide fuel price reductions, bringing relief to millions of Nigerians.
Imported Petrol Cheaper Than Dangote Refinery in Nigeria
Nigerian fuel market experiences dramatic shift as imported petroleum products undercut Dangote Refinery prices following President Tinubu's tariff reforms. Discover how this price war is reshaping Nigeria's energy landscape.
Activists Demand Oil Decommissioning Commission in Nigeria
Energy rights advocates stage powerful protest in Abuja, calling on National Assembly to pass crucial legislation addressing abandoned oil infrastructure and environmental hazards in Niger Delta communities.
NAPS Supports Dangote Refinery: Energy Revolution
The National Association of Polytechnic Students declares full support for Dangote Petroleum Refinery, urging Nigerians to embrace this monumental achievement in energy independence.
Private Sector Crucial for AfCFTA Implementation - Experts
Industry leaders and economic experts are calling on Nigerian businesses to actively participate in the African Continental Free Trade Area implementation to harness massive economic opportunities across Africa.
BAT Nigeria Leads Private Sector Climate Action Drive
British American Tobacco Nigeria is spearheading Nigeria's energy transition with ambitious solar projects and advocating for stronger private sector leadership in climate initiatives across West Africa.
Activists oppose Nigeria oil decommissioning commission
Environmental groups in Nigeria are fiercely opposing a new bill that would establish a commission for decommissioning oil and gas installations, warning it could worsen pollution in the Niger Delta region.
CSOs Praise FG's 15% Fuel Import Levy
Nigerian civil society organizations are applauding the Federal Government's strategic 15% tariff on imported refined petroleum products, hailing it as a game-changer for local refining capacity and economic growth.
Doctors' Strike Cripples National Hospital Abuja Services
Medical services at Nigeria's National Hospital Abuja and Federal Medical Centre Jabi face complete paralysis as resident doctors continue indefinite strike action over unmet demands.
Ecobank Leads Nigeria's Top Banks in Customer Deposits
New data reveals Nigeria's top 10 banks by customer deposits, with Ecobank leading the pack. Discover which financial institutions Nigerians trust most with their money and the staggering amounts involved.
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