NBET begins payments to GenCos under Tinubu’s ₦4trn debt reduction programme
NBET begins payments to GenCos under Tinubu’s ₦4trn debt reduction programme By Onu Okorie Nigerian Bulk Electricity Trading Plc (NBET) has commenced payments to power generation companies (GenCos) and their associated gas suppliers following the issuance and signing of ₦728.979 billion Series 2 Bonds under […]
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NUPRC targets 788,000bpd shut-in production, $50bn offshore investments
NUPRC targets 788,000bpd shut-in production, $50bn offshore investments By Onu Okorie Nigerian Upstream Petroleum Regulatory Commission NUPRC has unveiled 40 oil and gas blocks for the 2026 licensing round, seeking to attract fresh investments into Nigeria’s petroleum industry while strengthening transparency and boosting crude oil […]
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FG positions legacy road projects as economic corridors, boost national development
FG positions legacy road projects as economic corridors, boost national development By Onu Okorie Federal Government has repositioned its major road projects as economic corridors designed to connect Nigeria’s six geopolitical zones, unlock investment opportunities and facilitate the movement of people and goods across the […]
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FG tightens pressure on contractors as Niger Road projects lag
FG tightens pressure on contractors as Niger Road projects lag By Onu Okorie Federal Government has stepped up pressure on contractors handling major road projects in Niger State, warning that delays will no longer be tolerated as motorists continue to face difficult conditions along key […]
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Umahi: Tinubu’s infrastructure investment will transform Southeast economy
Umahi: Tinubu’s infrastructure investment will transform Southeast economy By Onu Okorie Minister of Works, Engr. David Umahi, has said the Federal Government’s ongoing road and bridge projects in the Southeast are designed not merely to improve transportation but to create economic corridors capable of reshaping […]
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FG launches emergency rescue operation on Benin–Asaba expressway
FG launches emergency rescue operation on Benin–Asaba expressway By Onu Okorie Federal Government has commenced an emergency intervention on the deteriorating Benin–Asaba Expressway in Edo and Delta states, under its “Operation Rescue” initiative, aimed at restoring safe and uninterrupted movement along the strategic 125-kilometre highway. […]
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Nigeria must keep oil, gas investment flowing amid energy transition — Ekpo
Nigeria must keep oil, gas investment flowing amid energy transition — Ekpo By Onu Okorie Nigeria must sustain investment in its oil and gas industry while gradually diversifying its energy mix to cope with the global energy transition, Minister of State for Petroleum Resources (Gas), […]
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SEC targets household savings as capital market enters new growth phase
SEC targets household savings as capital market enters new growth phase By Onu Okorie Federal Government is set to unveil a new National Savings Scheme as part of efforts to channel more household savings into Nigeria’s capital market and expand the pool of domestic funds […]
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FG cuts late-tax interest, links rate to CBN policy rate
FG cuts late-tax interest, links rate to CBN policy rate By Onu Okorie Federal Government has reduced the interest rate applicable to overdue tax payments, replacing the previous fixed formula with a market-linked system that will take effect from October 1, 2026. Under the Nigeria […]
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Customs: effective communication key to sustaining border reforms
Customs: effective communication key to sustaining border reforms By Onu Okorie Nigeria Customs Service (NCS) has identified strategic communication and stakeholder engagement as critical to the success of its ongoing reforms, as the Service pledged support for Nigeria’s hosting of the 2026 World Public Relations […]
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Nigeria’s petrol supply shortfall hits 17% in August – NMDPRA
Nigeria’s petrol supply shortfall hits 17% in August – NMDPRA By Onu Okorie Nigeria’s expanding domestic refining capacity has yet to translate into petrol supplies sufficient to meet the regulatory benchmark, as Premium Motor Spirit (PMS) consumption fell 17 per cent below the level set […]
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Bille gas leak explosion victim dies, CAPPA warns of new dangers for residents
Bille gas leak explosion victim dies, CAPPA warns of new dangers for residents By Onu Okorie Corporate Accountability and Public Participation Africa (CAPPA) has expressed deep regret and concern over the death of Ms. Joy Amos, a 29-year-old Bille resident who sustained severe burns in […]
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CBN’s 23% MPR as respite to manufacturers, SMEs and Nigeria’s real sector
CBN’s 23% MPR as respite to manufacturers, SMEs and Nigeria’s real sector By Onu Okorie For Nigerian manufacturers, small and medium-sized enterprises and businesses operating in the productive sectors of the economy, the cost of money is not an abstract monetary-policy statistic. It can determine […]
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