China to establish electric vehicle factories in Nigeria, deepen mining sector ties
In a bid to bolster Nigeria’s economic diversification agenda and strengthen bilateral relations, China has announced plans to establish electric vehicle (EV) factories in Nigeria, capitalizing on the country's rich…
DBN to boost financing to ₦1.3trn, create two million jobs in five years
The Development Bank of Nigeria (DBN) has set an ambitious goal to increase its debt and equity capital financing to N1.3 trillion over the next five years. During a media…
BUA chairman Rabiu vows to lower rice prices despite hoarding concerns
Abdul Samad Rabiu, the chairman of BUA Group, has pledged to significantly reduce rice prices in Nigeria, cautioning that individuals or companies hoarding the commodity will face financial losses. His…
Bold economic reforms drive Nigeria’s growth and investor confidence – Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, states that Nigeria's economy is undergoing a profound transformation, propelled by bold reforms, enhanced coordination, and a renewed focus on…
Petrobras eyes return to Nigeria’s oil sector as economic reforms gain momentum, Says VP Shettima
Vice-President Kashim Shettima has announced that Petrobras, Brazil’s state oil company, is seeking to re-enter Nigeria’s oil sector, specifically targeting frontier deepwater acreage. In a statement released on Wednesday, Shettima…
‘You’re on the right path’ – World Bank praises FG’s economic reforms, warns about inflation
The World Bank has described Nigeria's Budget 2025 key assumptions, which forecast 2.1 million barrels per day (mbpd) of oil production at a price of $73 per barrel, as ambitious…
NNPC, Dangote Refinery forge alliance for Nigeria’s energy future
The Nigerian National Petroleum Company (NNPC) Limited and the Dangote Petroleum Refinery have committed to fostering mutually beneficial partnerships and healthy competition aimed at enhancing Nigeria's energy security. This pledge…
NNPC’s new CEO removes PH, Warri, Kaduna refinery MDs amid restructuring
Bayo Ojulari, the new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Ltd, has removed the managing directors of the Kaduna, Port Harcourt, and Warri refineries.…
Women get top roles as Ojulari axes Kyari’s men in NNPC management overhaul
In a sweeping overhaul of its leadership structure, the Nigerian National Petroleum Company (NNPC) Ltd has dismissed several high-ranking executives. Notably among those affected are Bala Wunti, former head of…
Guinness Nigeria celebrates 75 years of brewing greatness and building for more
Guinness Nigeria Plc, the nation’s leading total beverage alcohol company, proudly marks its 75th anniversary—a celebration of heritage, innovation, and unwavering connection to the Nigerian people. Founded in 1950, Guinness…