Business Archives - Page 13 of 58

ExxonMobil Set To Approve $10bn Nigeria Deepwater Projects, Targets 250,000bpd Output

NewsDeskNgApr 6, 2026April 6, 20260

ExxonMobil nears FID on $10bn projects, targeting 250,000bpd output increase in Nigeria within five years through new investments. American oil giant, ExxonMobil has indicated its plan, in collaboration with its joint venture partners, to soon declare readiness to proceed with the Final Investment Decisions (FIDs) on some major deep-water projects...

Central Bank Of Nigeria Announces Completion Of Banking Recapitalisation Programme

NewsDeskNgApr 1, 2026April 1, 20260

CBN has announced the completion of its banking recapitalisation programme aimed at strengthening the resilience of Nigeria’s financial system The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, with lenders raising a total of ₦4.65 trillion in fresh capital over a two-year...

Rabiu Meets Tony Elumelu To Strengthen BUA-UBA Alliance and Boost Industrial Expansion

NewsDeskNgApr 1, 2026April 1, 20260

Abdul Samad Rabiu hosts Tony Elumelu as BUA and UBA deepen strategic partnership for Nigeria’s industrial growth. Nigeria’s industrial and financial heavyweights moved to deepen a partnership that has quietly underpinned decades of enterprise growth, as the Founder and Chairman of BUA Group, Abdul Samad Rabiu, hosted the Chairman of...

Afreximbank Leads $4bn Financing For Dangote Refinery With $2.5bn Commitment

NewsDeskNgMar 31, 2026March 31, 20260

Afreximbank commits $2.5bn to Dangote Refinery financing, leading $4bn deal to boost expansion and strengthen operations. The African Export-Import Bank has underwritten $2.5 billion in a $4 billion syndicated loan for the Dangote Petroleum Refinery and Petrochemicals, reinforcing its financial position and supporting long-term expansion plans. The five-year facility, arranged...

FG Targets MSMEs’ Access To $3.5trn AfCFTA Market

NewsDeskNgMar 31, 2026March 31, 20260

Federal Government launches digital payments report to help MSMEs access AfCFTA’s $3.5 trillion market through seamless cross-border trade. The Federal Government has launched a report aimed at unlocking opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area market through improved digital...

Nigeria Sees LNG Demand Surge As Global Energy Disruptions Persist, Fast-Tracks Oil Output Approvals

NewsDeskNgMar 30, 2026March 30, 20260

Nigeria sees rising LNG demand amid global crisis, accelerates oil approvals as buyers shift from Middle East suppliers. Nigeria is seeing stronger demand for its Liquefied Natural Gas (LNG) cargoes as energy disruptions from the war in the Middle East have opened commercial opportunities for the West African producer, Executive...

UK Pledges Support For Nigeria’s Investment Climate Reforms, Pushes Predictable Business Environment

NewsDeskNgMar 30, 2026March 30, 20260

UK pledges closer partnership with Nigeria to boost reforms, attract investment, and improve business environment for economic growth. The United Kingdom has expressed its commitment to working side-by-side with Nigeria to strengthen implementation, reduce bottlenecks, and create a more predictable business environment that unlocks investment opportunities, creates jobs and supports...

Jet Blast Damage Grounds United Nigeria Airlines Aircraft At Lagos Airport

NewsDeskNgMar 30, 2026March 30, 20260

United Nigeria Airlines aircraft withdrawn from service after jet blast incident caused damage at Lagos airport ramp area. Domestic carrier, United Nigeria Airlines, has disclosed that its aircraft, Embraer 190, was affected by jet blast at the ramp of the Murtala Muhammed International Airport, Lagos domestic terminal and has been...

African Ministers Withdraw From London Energy Summit Over Inclusion, Local Content Concerns

NewsDeskNgMar 28, 2026March 28, 20260

African ministers boycott London’s Africa Energies Summit, demanding inclusion and local content, signaling rising tension in energy politics. A growing number of African petroleum ministers have withdrawn from the Africa Energies Summit 2026 in London, dealing a significant blow to the event’s credibility and underscoring ongoing tensions over local content...

Dangote Refinery Denies IPO Speculation, Urges Public To Disregard Unverified Reports

NewsDeskNgMar 27, 2026March 27, 20260

Dangote Refinery has dismissed reports of a potential IPO, urging investors to rely only on official and verified disclosures. Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO). The company said several...