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Nigeria's upstream petroleum authority has scheduled its 2025 licensing round to open through a digital platform that will begin accepting applications in early December. Commission head Gbenga Komolafe announced that the selection process will feature separate technical and commercial...

SMEFUNDS executive Femi Oye has urged Nigerian authorities and commercial investors to back solar energy infrastructure for agricultural operations following Ethiopia and Kenya's deployment of the Solar Energy for Agricultural Resilience initiative. The International Water Management Institute...

Chappal Energies has rejected fraud accusations from the Economic and Financial Crimes Commission after the anticorruption body published a wanted notice targeting managing director Ufoma Immanuel over allegations of financial deception and document falsification. The energy firm stated that...

Nigeria could capture $3.5 billion annually from sunflower production if adequate investment reaches the agricultural sector, according to trade specialists who note the country currently generates merely $200,000 from exports despite favorable growing conditions across most regions. South...

Schneider Electric Foundation has delivered specialized training equipment to Federal University of Technology Owerri in Imo State, advancing technical education for engineering students through hands-on instruction aligned with international energy sector standards. The donation features...

Southwest Nigeria commanded the telecommunications market across voice and internet categories based on fresh regulatory statistics that track operator performance through December of last year. The region secured 45.3 million active voice connections alongside 185,475 internet subscribers...

Nigeria could cut logistics expenses by trillions of naira and strengthen port operations through modernized maritime policing, according to industry experts who gathered for a specialized forum on law enforcement's economic impact. Francis Omotosho from the National Association of...

MTN Group and Nigerian federal authorities have mobilized leading businesses from both countries to strengthen economic ties ahead of the G20 Summit. Finance Minister Wale Edun assured investors at the Presidential Trade and Investment Breakfast Dialogue that capital security remains guaranteed...

Housing minister Ahmed Dangiwa and Nigerian Institute of Quantity Surveyors president Kene Nzekwe emphasized how cost estimation professionals advance transparency during a weekend conference examining fiscal policy, infrastructure planning and governance modernization. Nzekwe praised recent tax...

Maritime truckers are demanding a contract extension for Truck Transit Park Limited following the digital system's elimination of bribes that previously reached 350,000 naira per vehicle at Lagos port facilities. Association of Maritime Truck Owners secretary Mohammed Sani Bala stated the...

Gilbert Ayoola will guide the Ibadan Zone Shareholders Association after members selected him during the organization's combined annual gathering spanning three years. The former general secretary replaces Eric Akinduro, who acknowledged financial difficulties during his leadership period but...

The International Monetary Fund warned that African governments increasingly relying on local credit markets are exposing commercial lenders to heightened sovereign default risks, according to Director Abebe Selassie in a weekend publication. The fund urged Nigeria to channel revenues freed from...

Jumia recorded quarterly revenue climbing to $45.6 million while merchandise volumes reached $197.2 million through September, with Nigerian operations accounting for most expansion as gross transaction values surged 43 percent. Chief Executive Temidayo Ojo credited the improvement to warehouse...

Nigeria's petroleum minister has urged pipeline saboteurs to obtain licensed modular refineries rather than operate illegal facilities, proposing government financing for operators willing to purchase crude legally and remit taxes. Heineken Lokpobiri inspected the Ebenco Global Link facility in...

Eleganza Industries has launched a nationwide partnership program aimed at expanding product availability through qualified distributors and retail locations while activating underutilized manufacturing capabilities. Managing Director Folashade Okoya explained that the Lagos conglomerate...

Lagos authorities are deploying rigid concrete floating platforms at transit points across the metropolis as part of efforts to expand marine passenger services and freight operations. Waterfront Infrastructure Development Commissioner Dayo Alebiosu stated the six-sided structures provide stable...

FairMoney Microfinance Bank's managing director has declared that Nigeria must prioritize equitable digital financial services to reach its trillion-dollar economic ambitions. Henry Obiekea argued that approximately 40 million economically active citizens lack proper banking relationships, with...

Mobile network operator T2 has disputed online claims suggesting its services depend on IHS tower infrastructure, calling the assertions technically inaccurate and deliberately misleading. The telecommunications company emphasized that national roaming agreements approved by the Nigerian...

CRC Credit Bureau has added Patrick Akhidenor to its board following regulatory clearance from the Central Bank of Nigeria, with the veteran banker representing First Bank of Nigeria after Olusegun Alebiosu's promotion to group managing director. Akhidenor currently oversees risk operations at...

BUA Group founder AbdulSamad Rabiu will receive the Pearl Lifetime Achievement Award for National Economic Development at a ceremony in Lagos marking the organization's three decades of recognition. The honor acknowledges his industrial contributions and leadership across manufacturing, capital...