Nigeria is sitting on undeveloped crude oil reserves estimated to be worth a staggering ₦341 trillion, sparking renewed debate over…
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Experts Warn Preferential Contracts Threaten Nigeria’s Infrastructure Development
Policy analysts and industry stakeholders have raised concerns that the practice of awarding contracts based on favoritism rather than merit…
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Naira Turmoil Forces Nigerian Manufacturers to Source Locally
Amid persistent foreign exchange volatility, Nigerian manufacturers are increasingly turning to local raw materials in a bid to stay afloat…
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Global Shipping Bottlenecks Stall Dangote’s CNG Truck Rollout, Only 450 Delivered
The Dangote Group’s ambitious plan to deploy 3,550 Compressed Natural Gas (CNG) trucks across Nigeria has hit a setback as…
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NNPC Laments Slow Pace in Developing Nigeria’s Untapped Oil Reserves
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has expressed concern over the prolonged delay in the exploitation of the…
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Nigeria Targets $4.5bn in Oil Savings as Production Rises by 400,000 Barrels Per Day
Nigeria is set to achieve $4.5 billion in savings as oil production records a significant boost of 400,000 barrels per…
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Airtime Loans Fuel Telcos’ Billion-Naira Boom Amid Soaring Demand
What began as a convenience service for low-income and low-balance mobile users has quietly transformed into a multi-billion naira revenue…
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After ₦21bn Spent, FG Allocates Massive ₦3.87trn for Third Mainland Bridge Repairs
The allocation, contained in the detailed breakdown of the newly approved budget by the Ministry of Works, has raised eyebrows…
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U.S. Producer Prices Surge in July as Tariffs Drive Up Costs
According to data released Thursday by the Labor Department, the Producer Price Index (PPI) — which measures the average change…
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Federal Government Moves to Settle N4 Trillion Debt Owed Power Generating Companies Finance Minister
The Federal Government has initiated concrete steps to address the longstanding N4 trillion debt owed to power generation companies (GenCos),…
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