Business Archives

Nigeria, Germany sign 12,000mw power agreement

Nigeria and Germany yesterday signed an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The signing ceremony, which…

Gong December 2, 2023

Business News Nigeria

PenCom invest N130bn pension fund in infrastructure

Pension Fund Administrators invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023. Figures obtained from the National Pension Commission on ‘Unaudited…

Gong November 27, 2023

Business News Nigeria

NNPCL to inaugurate $2.8bn AKK gas pipeline December

The Nigerian National Petroleum Company Limited has said the $2.8bn Ajaokuta–Kaduna–Kano gas pipeline project being constructed by Oilserve Limited will be inaugurated next month. Executive Vice President, Upstream, NNPC Limited,…

Gong November 15, 2023

Business News Nigeria

Renewable Energy: FG attracts $2bn investments

The Federal Government, on Sunday, announced that it attracted over $2bn in investments in the renewable energy sector over the past decade. It announced this through the Rural Electrification Agency,…

Gong October 23, 2023

Business News Nigeria

Manufacturers Association of Nigeria sack 3,567 workers, unsold goods hit N272bn

No fewer than 3,567 jobs were lost in the manufacturing sector in the first half of 2023 according to figures obtained by reporters from the Manufacturers Association of Nigeria. MAN…

Gong September 27, 2023

Business News Nigeria

OPS kicks against indefinite strike, Labour vows to shut down airports, others

The Federal Government has invited organised labour to a meeting in a last-minute bid to stop the planned October 3, 2023 nationwide strike announced by the Nigeria Labour Congress and…

Gong September 27, 2023

Business News Nigeria

Illegal Oil Refinery: Air strikes destroy over 30 sites in Rivers

Air strikes from the air component of Operation Delta Safe have destroyed no fewer than 30 active illegal oil refining sites in Cawthorne Channel and Bille, in Degema Local Government…

Gong September 17, 2023

Business News Nigeria

Inflation: Food and energy prices, highest level in 18 years

Rising costs of foodstuffs, energy logistics and other living items have further eroded Nigerians’ disposable incomes, thus pushing headline inflation rate to its highest level in 18 years. Economic intelligence…

Gong September 14, 2023

Africa Aviation Business

Nigerians resumes flight operations as UAE lifts visa ban

The United Arab Emirates, on Monday, lifted its months-long visa ban on Nigerians. Consequently, Etihad and Emirates Airlines will resume flight operations in Nigeria immediately. “President Bola Tinubu and President…

Gong September 11, 2023

Business News Nigeria

Oando reaches agreement to acquire Italian oil giant, NAOC

Energy company, Oando Plc, has reached an agreement with Italian oil giant, Eni, for the acquisition of 100 per cent of the shares of its oil and gas unit, Nigerian…

Gong September 4, 2023

Why Nnamdi Kanu’s circumstances differ from Nicholas Maduro’s – Aloy Ejimakor

US involvement in Venezuela could last years – Trump

Venezuelan govt begins release of political prisoners amid US pressure

Chimamanda Adichie loses son

Nigeria, Germany sign 12,000mw power agreement

PenCom invest N130bn pension fund in infrastructure

NNPCL to inaugurate $2.8bn AKK gas pipeline December

Renewable Energy: FG attracts $2bn investments

Manufacturers Association of Nigeria sack 3,567 workers, unsold goods hit N272bn

OPS kicks against indefinite strike, Labour vows to shut down airports, others

Illegal Oil Refinery: Air strikes destroy over 30 sites in Rivers

Inflation: Food and energy prices, highest level in 18 years

Nigerians resumes flight operations as UAE lifts visa ban

Oando reaches agreement to acquire Italian oil giant, NAOC

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