Business

President Bola Tinubu recently witnessed the signing of two significant Memoranda of Understanding (MoUs) aimed at bolstering Nigeria’s global partnerships and advancing the country’s energy sector. The first MoU involves the supply of gas from Nigeria to Germany, while the second entails a substantial $500 million investment in renewable energy projects within Nigeria. These groundbreaking…

In response to the recent removal of the petroleum subsidy by the Federal Government, the Osun State Government has taken a proactive step to alleviate the economic impact on its residents. The government officially introduced 19 buses, named “Imole Bus,” as part of its strategy to mitigate the challenges arising from the subsidy removal. Notably,…

Niger State Governor, Mohammed Bago, has signed a Memorandum of Understanding with Alternative Bank, focusing on sustainable development in the state. Launched in October 2023 by Sterling Financial Holdings, the bank aims to create wealth sustainably. The MoU encompasses thematic areas such as education, health, agriculture, transportation, energy, and infrastructure. Governor Bago expressed enthusiasm for…

Seplat Plc’s Director of New Energy, Effiong Okon, has revealed the company’s plans to construct a new $250 million gas plant in Sapele, Delta State. The announcement was made during the Nigeria Oil and Gas Outlook event in Lagos, where Effiong outlined Seplat’s vision to contribute to the country’s energy landscape. The new plant in…