The BFI Group and CNCEC International have signed $1.2 billion investment agreements to revive the long-dormant 135MMscfd Gas Processing Plant at ALSCON in Ikot Abasi, Akwa Ibom State. The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, broke the news today at the agreement signing ceremony. Ekpo , on his official X, on Tuesday, said, ”…
fairtrade Messe has announced that the next edition of its Agrofood & Plastprintpack Nigeria will take place from March 24 to 26, 2026, once again at the Landmark Event Centre, Lagos. Looking ahead, the organisers has also announced The Netherlands as the official Guest of Honour for the 2026 edition, saying that it reflects the…
The Manufacturers Association of Nigeria(MAN) requested the Honourable Minister of Industry, Trade, and Investment, Mrs Doris Uzoka-Anite to intervene in the $2.4 billion forex forward contracts of manufacturing concerns allegedly declared invalid by the Central Bank of Nigeria (CBN). The request was made during a crucial meeting with the Minister on the unpaid $2.4 billion…
Acting Chief Justice of Nigeria, Kudirat Kekere-Ekun, and President Bola Tinubu.
The brewery industry is now facing severe cost pressure as prices of local raw materials rise astronomically undermining their backward integration strategy. Industry stakeholders said the cost pressures coming from sorghum, wheat and others would remain elevated, driven by the impact of rising inflation, insecurity across agricultural belts in the country as well as other…
Danish shipping and logistics company, A.P Moller-Maersk has disclosed a planned investment of $600 million in Nigeria to accommodate more container shipping services in Nigerian ports. The Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum Special Meeting…
Ekperikpe Ekpo, during the flag-off of the programme at the Apo Resettlement area of Abuja, said that the government is determined to increase domestic gas usage through the free distribution of gas cylinders with a target of moving at least one million homes to clean cooking gas by 2030.
VP Shettima while stating that Dangote Refinery must be protected at all cost, he added that the $20 billion facility is a national asset that must be supported to function.
Photo: A coal fired power plant in Hanchuan, Hubei province, China / Getty Images Enugu State Government is on the move to build a 660MW coal-fired power plant in the state. The project is a part of Governor Peter Mbah’s administration’s strategy to actualise its vision to grow the state’s economy from $4.4 billion to…
Gbenga Adebayo, ALTON Chairman, said that the FCCPC’s decision to suspend the DEON enforcement, though commendable, there was need for conversation about the two agencies regulatory mandates.
