Lekki Port Hits 40,000 TEU Milestone, Expands Transshipment Network Across West Africa Lekki Deep Sea Port has achieved a significant milestone, moving over 40,000 twenty-foot equivalent units (TEUs) across West African seaports since launching transshipment operations in June 2023. Speaking at the Lagos Chamber of Commerce and Industry (LCCI) Freight Forwarders Group Conference, according…
Dangote Refinery Drops Legal Challenge Against NNPC, Oil Marketers The Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit seeking to nullify petroleum import licences issued to the Nigerian National Petroleum Company Limited (NNPCL) and other oil marketers. The suit, filed in September 2024 at the Federal High Court in Abuja, sought to stop the…
DisCos Lose N70bn Revenue in May as Collection Efficiency Drops to 73% Nigeria’s electricity distribution companies (DisCos) were unable to recover N70.25bn from customers in May 2025, despite an increase in energy supply, according to the latest commercial performance report from the Nigerian Electricity Regulatory Commission (NERC). The report shows that the 12 DisCos issued…
Energy Experts Proffer Solution to Nigeria’s Energy Conundrum Key players and experts in Nigeria’s oil and gas and power sectors have called for concerted measures and actions that will lead to property utilization of the country’s vast gas reserves. They expressed the opinion that Nigeria’s gas reserves are critical asset towards achieving the ongoing energy…
NGX Boss, Umaru Kwairanga, to Chair Business Journal Fintech Roundtable 2025 Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) will Chair the 2nd Business Journal Fintech & Financial Inclusion Roundtable 2025 scheduled for Friday, August 29, 2025 at Oriental Hotel, Lekki, Lagos. Time is 10-am prompt. The theme of the Roundtable is: Fintech &…
Lagos State Lauds the Alternative Bank for Walk4ZeroPlastic Initiative The Lagos State Ministry of Environment and Water Resources has commended The Alternative Bank (AltBank) for its leadership in environmental sustainability following the successful Walk4ZeroPlastic march. The event, organised in collaboration with the Sterling Sustainability Working Group, mobilised over 300 volunteers in a plastic clean-up exercise…
Oil Rises 2% on US-EU Trade Deal, Trump’s Shorter Deadline for Russia Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump’s announcement that he would shorten shorten the deadline for Russia to end its war in Ukraine or face sanctions. Brent crude…
2 NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation Two senior officials of the Nigerian Content Development and Monitoring Board (NCDMB), Dr. Abdulmalik Halilu, Director, Corporate Services, and Dr. Obinna Ezeobi, General Manager, Corporate Communications, on Saturday bagged Doctorate degrees at the 35th Combined Convocation of the University of Port Harcourt, Rivers State. The milestone…
Genesis Energy Partners Global Citizen to Accelerate Clean Energy Access across Africa GENESIS Energy, a leading pan-African clean energy infrastructure development and asset management company, announced a strategic partnership with Global Citizen, the world’s leading international advocacy organisation on a mission to end extreme poverty, as a Campaign Policy Partner on its Scaling Up Renewables…
NGML Boosts Gas Supply Capacity with 44mmscf/D Deal NNPC Gas Marketing Limited, NGML, has expanded its gas supply portfolio with the signing of a Natural Gas Sale and Purchase Agreement, GSPA, with CCETC Suk Power Limited. The agreement enables the delivery of up to 44 million standard cubic feet per day, MMscf/d, of natural gas,…
