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Chinese companies inject $1.3 billion into Nigeria's Lithium processing in two years - Minister

Nigeria, Oct. 27 -- Nigeria's lithium processing has attracted over $1.3 billion from Chinese investors since President Bola Tinubu's administration took office in May 2023, according to the minister ... Read More


Dangote Refinery set to become world's biggest, plans 1.4 million bpd processing capacity

Nigeria, Oct. 27 -- Dangote Refinery is on course to become the world's largest refinery, with plans to scale up capacity to 1.4 million barrels per day (bpd) from the current 650,000 bpd. The move w... Read More


Dangote Group speaks on ownership of truck involved in fatal crash in Ondo

Nigeria, Oct. 23 -- Dangote Group has denied ownership of the truck involved in a road accident that occurred in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State on Wednesday. The ... Read More


Nigerian govt pledges power restoration to revive Aluminium Smelter Company of Nigeria

Nigeria, Oct. 22 -- The Nigerian Government has vowed to reconnect the Aluminium Smelter Company of Nigeria (ALSCON) to the national grid in an effort to restart the joint venture asset. Bolaji Tunji... Read More


NNPCL's profit slumps by 60% in September as oil output hits 5-month low

Nigeria, Oct. 22 -- Nigerian National Petroleum Company Limited (NNPCL) saw its profit after tax plunge by as much as 59.9 per cent to N216 billion last month from N539 billion in August, hammered by ... Read More


Kano, Katsina, Jigawa plan N50 billion fund to set up regional electricity market

Nigeria, Oct. 21 -- The governments of Kano, Katsina, and Jigawa states have reached an advanced stage of talks to establish a regional electricity market and aim to raise N50 billion to fast-track ac... Read More


NUPRC targets additional 600,000 bpd from new field investments

Nigeria, Oct. 16 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) expects the 28 new field development plans (FDPs) approved so far this year to deliver additional 600,000 barrels of c... Read More


JUST IN: Nigeria's inflation rate eases for sixth straight month

Nigeria, Oct. 15 -- Nigeria's inflation rate eased for the sixth successive month to 18 per cent in September from 20.1 per cent a month earlier, boosting the optimism that policymakers will continue ... Read More


N4 trillion Electricity Debt: Nigerian Government, GenCos finalise implementation framework

Nigeria, Oct. 15 -- The Nigerian Government has taken a major step towards restoring operational stability and investor confidence in the electricity market with the finalisation of the implementation... Read More


Nigeria secures over $400 million in renewable energy investments - Shettima

Nigeria, Oct. 15 -- Vice President Kashim Shettima has said that Nigeria's renewable energy manufacturing value chain has attracted over $400 million in new investment commitments. Mr Shettima made t... Read More