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The issuance aims to untangle a decade-long web of debt that has crippled the Nigerian Electricity Supply Industry (NESI). By clearing legacy arrears, the government hopes to restore the liquidity necessary to keep the lights on across the continent’s largest economy.
The issuance aims to untangle a decade-long web of debt that has crippled the Nigerian Electricity Supply Industry (NESI). By clearing legacy arrears, the government hopes to restore the liquidity necessary to keep the lights on across the continent’s largest economy.
The figures, recently released by the Nigerian Export Promotion Council (NEPC), represent an 11.5% increase from the $5.4 billion recorded the previous year. This growth is being hailed by economists as a structural transformation, moving the nation away from its volatile dependency on crude oil.
The figures, recently released by the Nigerian Export Promotion Council (NEPC), represent an 11.5% increase from the $5.4 billion recorded the previous year. This growth is being hailed by economists as a structural transformation, moving the nation away from its volatile dependency on crude oil.
This discovery aligns with the Federal Government's aggressive push to increase national production. Under the leadership of GCEO Engr. Bashir Bayo Ojulari, NNPC Ltd has set a production benchmark of 1.84 million barrels per day (mbpd) for the 2026 budget, with an ultimate target of 2.06 mbpd.
This discovery aligns with the Federal Government's aggressive push to increase national production. Under the leadership of GCEO Engr. Bashir Bayo Ojulari, NNPC Ltd has set a production benchmark of 1.84 million barrels per day (mbpd) for the 2026 budget, with an ultimate target of 2.06 mbpd.
Nigeria’s Industrial Giant Scales Up: Dangote Refinery Targets Global Supremacy with $350M Expansion
Once completed, the expansion will cement the facility’s status as the largest single-site petroleum refinery in the world, leapfrogging massive complexes in India and South Korea.
Nigeria’s Industrial Giant Scales Up: Dangote Refinery Targets Global Supremacy with $350M Expansion
Once completed, the expansion will cement the facility’s status as the largest single-site petroleum refinery in the world, leapfrogging massive complexes in India and South Korea.
The deal, finalized this week in Dubai by BUA Chairman Abdul Samad Rabiu and CBMI Chairman Zhang Sicai, aims to boost the group’s total annual installed capacity to 20 million metric tonnes (MTPA) within the next 20 months.
The deal, finalized this week in Dubai by BUA Chairman Abdul Samad Rabiu and CBMI Chairman Zhang Sicai, aims to boost the group’s total annual installed capacity to 20 million metric tonnes (MTPA) within the next 20 months.
Nigeria is entering a transformative era for its digital economy. As the nation pushes toward a $1 trillion economy, two major infrastructure milestones are making headlines today: the official kickoff of the $2 billion BRIDGE project and the entry of global satellite giants like Amazon’s Project Kuiper into the Nigerian market.
Nigeria is entering a transformative era for its digital economy. As the nation pushes toward a $1 trillion economy, two major infrastructure milestones are making headlines today: the official kickoff of the $2 billion BRIDGE project and the entry of global satellite giants like Amazon’s Project Kuiper into the Nigerian market.