The Federal Government is pressing ahead with critical tax reforms not just to boost tax revenue and efficiency but also to meet the requirements for a $750m loan from the World Bank. This loan project is a part of the broader $2.25bn approved by the World Bank for Nigeria on June […]

The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited under the naira-for-crude sale agreement, officials of the refinery and the Federal Government confirmed on Tuesday. It was gathered that the four cargoes of crude were delivered to the refinery within the past […]

Nigeria is set to benefit from Germany’s ambitious €4bn investment in green energy projects across Africa by 2030. This was disclosed in a statement by the Director of Media and Corporate Communications at the National Space Research and Development Agency, Dr Felix Ale, on Tuesday. Ale shared the insights following the […]

Here are the gains Nigeria has achieved and what the President Tinubu-led government has been able to actualize from the removal of Fuel Subsidy among other ongoing reforms in the country… Economic Gains: 1. Reduced Fiscal Burden: Subsidy removal freed trillions of Naira enabling investment in critical sectors. 2. Increased Revenue: The […]

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the $1.28 billion deal was initially agreed. The CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, confirmed this to Reuters on Monday in Abuja. The sale, first announced […]

The UK aviation authorities have expressed readiness to discuss the issue of slot allocation to Air Peace, the Nigerian carrier, at the Heathrow Airport, London, TheCable can report. In response to a letter sent to him by Festus Keyamo, the Nigerian minister of aviation and aerospace development, Louise Haigh, the […]

Dangote Refinery has clarified reports on the case instituted against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies over importation of petroleum products. The other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited. […]

https://www.youtube.com/watch?v=z_yxdMR33gc?si=88xqrCW8Fuq9MAtC Stanley Nkwocha @stanleynkwocha_ STATE HOUSE PRESS RELEASE Nigeria Seals Deal With Ericsson To Advance 5G Tech Development *** VP Shettima, Swedish PM agree to deepen collaboration, strategic partnerships between Nigeria, Sweden *** As Nigerian VP explores green transport solutions at Scania HQ Vice President Kashim Shettima @officialSKSM has led […]

The Federal Government’s yearly appropriation laws, documents once considered the Holy Grail of public financing, are fast sliding into wish lists. Already, the implementations of the first two of the important documents in the life of President Bola Tinubu have been compromised and their most impactful components ‘burgled’. Historically, the FG’s […]

United States government has asked a US District Court, Northern District of Georgia to approve the forfeiture of approximately $14 million in assets from Allen Ifechukwu Athan Onyema, the CEO of Air Peace, following a recent superseding indictment. This is contained in an indictment, which Nairametrics obtained for confirmation, outlining […]