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Business · Leadership News ·FG, Industry Stakeholders Renew Push For Eco-friendly Growth
The Federal Government of Nigeria and key industry stakeholders have renewed their commitment to driving sustainable economic growth. The collaboration aims to implement eco-friendly practices across various industrial sectors, ensuring that national development aligns with environmental conservation goals to promote long-term stability and ecological health.
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Business · Leadership News ·
Shippers’ Council Acknowledges Operators’ $600m Apapa Port Expansion Proposal
The Nigerian Shippers’ Council has formally acknowledged a $600 million proposal from terminal operators for the expansion of the Apapa Port. This initiative aims to improve infrastructure and operational capacity at the facility, representing a significant private sector investment intended to modernize Nigeria's maritime logistics and facilitate smoother trade operations.
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Business · Channels TV ·Oil Crisis Fuels Calls To Speed Up Clean Energy Transition
The ongoing global oil crisis has intensified advocacy for an accelerated shift toward clean energy alternatives. Stakeholders are emphasizing the need for a faster transition to renewable power sources to mitigate the impact of fluctuating petroleum prices and ensure long-term energy security across various economic sectors.
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Business · Nairametrics ·
Seplat Energy records N52.5 billion Q1 post-tax profit, declares dividend in dollars
Seplat Energy reported a post-tax profit of N52.5 billion for the first quarter of the year. Following this financial performance, the energy firm announced the declaration of dividends to its shareholders, which will be paid out in US dollars. These results reflect the company's operational activities during the specified period.
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Business · Vanguard ·Economic activity expansion halts in April as PMI dips to 49.4 points
Nigeria’s economic expansion halted in April as the Purchasing Managers' Index fell to 49.4 points. This decline marks a shift from previous growth to contraction within the private sector. The data indicates a slowdown in business activities and overall economic performance across the country during the period under review.
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Business · BusinessDay ·
Kano tackles lingering water shortage with N21.29bn rescue plan
Kano State has initiated a N21.29 billion rescue plan to address long-standing water shortages affecting the region. The project aims to improve existing infrastructure and distribution systems, ensuring a consistent and reliable supply of potable water for residents while tackling the systemic challenges within the state’s water sector.
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Business · BusinessDay ·Nigeria draws UK capital flows, but long-term bets lag, PwC says
Professional services firm PwC reports that Nigeria is attracting capital flows from the United Kingdom, though long-term investment commitments continue to lag. While the country remains a destination for British capital, the report highlights a disparity between immediate financial inflows and the durable investments required for sustained economic stability.
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Business · The Punch ·NNPC completes critical OB3 River Niger pipeline crossing
The Nigerian National Petroleum Company Limited has successfully completed the pipeline crossing of the River Niger for the Obiafu-Obrikom-Oben gas project. This milestone represents a significant step in finishing the critical OB3 pipeline infrastructure, which is expected to enhance domestic gas supply and support industrial growth across the country.
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Business · PM News ·
EFCC prosecutes Kaduna resident over alleged currency fraud
The Economic and Financial Crimes Commission has commenced the prosecution of a Kaduna resident following allegations of currency fraud. This legal proceeding highlights the anti-graft agency’s continued monitoring of financial activities and its commitment to enforcing monetary laws against individuals suspected of engaging in fraudulent transactions.
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Business · Vanguard ·Just in: Dangote Refinery fixes jet fuel price at ₦1,820/litre
The Dangote Refinery has established the price for its aviation fuel at 1,820 naira per litre. This pricing decision comes as the refinery continues to scale its operations, providing a domestic source for jet fuel intended to serve the requirements of the Nigerian aviation sector and enhance local supply chains.
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Business · Nairametrics ·
MTN reports N546 billion, up 169% in Q1 2026 on N1.5 trillion revenue
MTN Nigeria reported a total revenue of N1.5 trillion for the first quarter of 2026. The telecommunications provider's earnings reached N546 billion, marking a 169 percent increase over the previous year. This performance reflects substantial financial growth for the company during the initial three months of the fiscal year.
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Business · Nairametrics ·
NNPC completes OB3 River Niger crossing pipeline, unlocks 2bcf/d gas capacity
The Nigerian National Petroleum Company Limited has finalized the River Niger crossing section of the OB3 pipeline. This development unlocks a gas transmission capacity of two billion cubic feet per day. The infrastructure completion is expected to enhance domestic gas supply and support industrialization efforts within the Nigerian energy sector.
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Business · The Punch ·
VIDEO: MMA2 parking hike not revenue-driven, aimed at curbing abuse — airport management
Management at Murtala Muhammed Airport Terminal 2 clarified that the recent hike in parking charges was implemented to prevent the misuse of parking spaces. The authorities emphasized that the primary objective of the price adjustment is to enhance facility management and operational efficiency rather than increasing the airport's revenue streams.
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Business · Channels TV ·
Dangote Cement’s Q1 Profit Hits N421.1bn
Dangote Cement reported a first-quarter profit of N421.1 billion. The Nigerian cement manufacturer's financial results reflect its performance during the first three months of the year. This milestone indicates the company's significant revenue generation and market position within the country's industrial sector for the period under review.
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Business · Nairametrics ·
Nord Automobiles Launches Nord Finance to Ease Vehicle Ownership
Nord Automobiles has introduced Nord Finance, a new initiative designed to simplify the process of vehicle ownership for consumers. This financing wing aims to provide accessible payment plans and credit facilities, enabling more Nigerians to purchase locally assembled vehicles and improving mobility across the country through structured financial support.
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Business · Nairametrics ·
PlaywithTomide partners with OneDosh, takes equity stake to support his community
PlaywithTomide has entered into a strategic partnership with OneDosh, acquiring an equity stake in the company. This collaboration aims to provide enhanced support to his community through the platform's services. The investment marks a significant step in the content creator's efforts to foster community development and financial empowerment.
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Business · BusinessDay ·Eno launches mechanised farming hub to boost food supply
Akwa Ibom Governor Umo Eno has inaugurated a mechanised farming hub designed to increase food production and enhance the regional supply chain. The project aims to modernize the state's agricultural sector by introducing advanced machinery, thereby improving efficiency and ensuring long-term food security for residents through sustainable development.
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Business · Nairametrics ·
CashAfrica partners ChamsSwitch to scale regulated rails for Nigeria’s contactless payments wave
CashAfrica and ChamsSwitch have entered a partnership to expand regulated infrastructure for contactless payments within Nigeria. This collaboration aims to enhance the adoption of digital transaction methods by providing secure and standardized frameworks, supporting the growing demand for contactless payment solutions across the country's evolving financial landscape.
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Business · Nairametrics ·
Global oil supply set to drop 7mb/d in Q2 2026 – World Bank
The World Bank projects a significant decline in global oil supply, estimating a reduction of seven million barrels per day by the second quarter of 2026. This forecast highlights potential shifts in the global energy market and underscores expectations regarding future production levels and supply chain dynamics.
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Business · Vanguard ·Photos: NNPC OB3 gas pipeline crosses River Niger
The Nigerian National Petroleum Company Limited has achieved a significant milestone in the construction of the Obiafu-Obrikom-Oben gas pipeline. Recent developments confirm the infrastructure has successfully crossed the River Niger, marking a critical step in completing the project designed to enhance domestic gas distribution and energy security across Nigeria.
Nigerian News
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