The Federal Government will co-invest with the private sector to deploy 7,000 telecommunications towers beginning next year in a major push to deepen network coverage and improve digital connectivity. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, made this disclosure on Thursday in Lagos during a stakeholder engagement session organized by the
he Manufacturers Association of Nigeria has downplayed the 65.84 per cent increase in the value of manufactured goods exported in 2024 from 2023, stating it is below expectations. The PUNCH found that the gross value of manufactured goods exported in 2024 was N2.28tn, an increase from N778.44bn in 2023. While manufactured goods exports in 2023
The Executive Vice President of Upstream, Udy Ntia, disclosed this during an investor session at the 2025 CERAWeek by S&P Global in Houston, Texas, USA, a statement issued by NNPCL spokesperson, Olufemi Soneye, stated on Wednesday. He noted that the reforms have significantly liberalized the regulatory framework, offering incentives for cost recovery, royalty payments, and
The Federal Government has started a review of its Bilateral Air Service Agreement process with Jamaica to enable a direct flight arrangement between both countries. The media aide to the Minister of Aviation and Aerospace Development, Festus Keyamo, Tunde Moshood, made this known on Wednesday, referencing a meeting between the Jamaican Ambassador to Nigeria, Lincoln
The Nigerian stock market recorded an N48bn decline in market capitalisation at the close of trading on Wednesday, as bearish sentiments pushed the NGX All-Share Index down by 0.07 per cent to 106,090.38 points. This marked a 0.33 per cent loss in one week and a 1.61 per cent decline over four weeks, despite a
The Dangote Refinery, Africa’s largest oil refinery, is reportedly considering increasing its crude oil imports from Angola and Algeria, as discussions are ongoing over the naira-for-crude arrangement with the Nigerian government. This development comes as the Nigerian government engages in discussions to finalise a naira-for-crude deal, aimed at strengthening the local currency and reducing dependency
The Nigerian National Petroleum Company Limited (NNPCL) has been advised against the unilateral abandonment of it’s naira-for-crude deal because of its economic implications for the country. It was that that if the decision is pushed through, it could lead to skyrocketing petroleum prices yet again and thus inflict severe hardship on the Nigerian citizens. A
The ongoing price war in the downstream oil sector intensified on Tuesday as major oil marketers began offering petrol at lower prices than the N825 per litre gantry loading cost set by Dangote Petroleum Refinery. This move follows revelations that the landing cost of imported Premium Motor Spirit (petrol) in Nigeria has dropped to N774.72
On Tuesday, Airtel Africa announced that it had repurchased approximately 66,089 of its ordinary shares, each valued at $0.50, from Barclays Capital Securities Limited. This move is part of the company’s ongoing share buy-back program, authorized by its shareholders, which was initially announced on December 23, 2024. The purchase, made on Monday, March 10, involved
The ongoing price war in the downstream oil sector intensified on Tuesday as major oil marketers began offering petrol at lower prices than the N825 per litre gantry loading cost set by Dangote Petroleum Refinery. This move follows revelations that the landing cost of imported Premium Motor Spirit (petrol) in Nigeria has dropped to N774.72
