FG targets additional 300,000bpd oil production with 2026 bid round
•Offers 37 blocks to investors, targets 500m barrels reserve addition Why 13 blocks returned to basket, NUPRC By Udeme Akpan & Obas Esiedesa The Federal Government yesterday said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day (bpd) of crude oil and condensate production within three years Speaking at the […]
How loan applicants can access N5bn CAP Fund — BoI
By FRANKLIN ALLI & PROVIDENCE OBUH The Bank of Industry, BOI, weekend, launched N5 billion Cottage Agro Processing (CAP) Fund.Mr. Rasheed Olaoluwa, the Managing Director of the bank, said that existing operators in the sector as well as prospective young Nigerians who want to go into farming can take advantage of the fund to establish […]
Our reduced rates attracted compliance — LASAA boss
In a chat with the Chief Executive of the Lagos State Signage and Advertising Agency, LASAA, Mr. George Noah, he discussed several issues in the signage industry and the effort of the agency at making sure practitioners in the Out-of-Home, OOH industry and signage users are not strangled by its regulation, thereby providing a level playing ground for the parties Princewill Ekwujuru records
FESTAC Phase II concession to earn FG N30bn, deliver 50,000 houses
The agreement to concession the reclamation and infrastructure development of the second phase of FESTAC Town in Lagos to a consortium of private developers is expected to lead to the delivery of 50,000 housing units and earn the Federal Government N30 billion over a 30-year period
Interswitch acquires majority stake in Paynet
Interswitch Transnational Holding, a pan-African integrated payments company has acquired a majority shareholding in Paynet Group, an East African multi-institutional payments provider.
Transcorp Hotels approves NSE listing, IPO
The Board of Directors of Transcorp Hotels Plc(formerly Transnational Hotels and Tourism Services Limited) THP has endorsed plans to conduct an Initial Public Offering (IPO) and list the company’s shares on the Nigerian Stock Exchange, NSE.
