Oando Plc. has been formally inducted into the Society for Corporate Governance Nigeria (SCGN). This move marks the company’s entry The post Oando inducted into Society for Corporate Governance of Nigeria appeared first on The Guardian Nigeria News – Nigeria Read More
Dangote Refinery signals Africa’s business viability – Akinwumi Adesina
Dr Akinwumi Adesina has said that the 24 billion dollars Dangote Petrochemicals Complex in Lagos signalled Africa’s potential to attract global capital for large and globally competitive industrial platforms. Adesina, the outgoing President of Africa Development Bank (AfDB) stated this Read More
Blackout cripples business in Northeast as power outage worsens
The entire Northeast geopolitical zone of Nigeria, as observed by The Guardian, has been plunged into total darkness again. The situation is severely impacting business activities and causing widespread economic disruption across the region. The power outage, which began last Read More
Dangote confirms two new oil blocs, production set for October
The President of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to fully eliminate fuel subsidies, stating that doing so would reveal the true level of petrol consumption in Nigeria. He also confirmed the ownership of two Read More
FG to release $800m for power infrastructure development
The federal government has announced plans to allocate $800 million for the construction of substations and distribution lines under the The post FG to release $800m for power infrastructure development appeared first on The Guardian Nigeria News – Nigeria and Read More
BEDC cries out as hoodlums vandalise 43 transformers in Ado Ekiti
The Benin Electricity Distribution Company (BEDC) has raised an alarm that no fewer than 43 transformers have been vandalised by hoodlums in its substations across Ekiti State in the last six months. The management of BEDC stated that due to Read More
Fuel smuggling from Nigeria to neighbouring countries unlikely to end — Minister
The Federal Government has acknowledged that fuel smuggling from Nigeria to neighbouring countries is a persistent issue that may never be fully eradicated. Speaking at the 2024 Energy and Labour Summit in Abuja, Minister of State for Petroleum Resources, Heineken Read More
NNPCL dismisses allegations of ‘criminal hijack’ in OVH deal
The crisis surrounding the acquisition of Oando’s OVH and the retail arms of the Nigerian National Petroleum Company Limited (NNPC Retail) took a new turn on Thursday as the state oil company denied having any political interests. NNPCL had previously Read More
Probe fuel subsidy scam, dirty oil importation, CNPP urges FG
Irked by the problems in the oil sector, the Conference of Nigeria Political Parties (CNPP) has urged the Federal Government to immediately initiate an investigation into the activities of the Nigerian National Petroleum Company Limited (NNPCL). The CNPP said that Read More
Africa scouts $245b for 625.6tr standard cubic feet gas
African countries pushing to harness estimated 625.6 trillion standard cubic feet of natural gas, amid dwindling fossil fuels investment, The post Africa scouts $245b for 625.6tr standard cubic feet gas appeared first on The Guardian Nigeria News – Nigeria and Read More