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FG speaks on next oil bid round after declaring new owners of oil well Nexovant
The CEO of the Nigerian Upstream Petroleum Regulatory Commission said a fresh round of oil license bids would be held in 2025 This comes at a time when the commission is nearing the conclusion of the 2024 licensing round Gbenga Komolafe, NUPRC’s CEO, further explained that the regulator has pledged to win back the confidence […]
Amazon workers in US strike days before Christmas Nexovant
Workers at several Amazon facilities from southern California to New York are picketing. Photo: Patrick T. Fallon / AFPSource: AFP Thousands of workers at Amazon facilities across the United States went on strike Thursday, the Teamsters Union said, halting work at the height of the busy holiday gift-giving season. The union, which says it represents […]
Boost for naira as CBN announces new dollar inflow into Nigeria Nexovant
The Central Bank of Nigeria (CBN) has announced that diaspora remittances increased by 61.1% The CBN governor, Olayemi Cardoso, stated that FX inflows via diaspora remittances reached $4.22 billion The amount is almost more than double the $2.62 billion reported in the same period in 2023 Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, […]
“Critical project”: FG begins construction of another international airport Nexovant
The Nigeria government has joined hands with Abia state government to build an international cargo airport Initially, the airport was supposed to be an airstrip before the intervention of President Bola Tinubu Abia State is currently the only SouthEast state without an airport despite its vibrant industrial hub Legit.ng journalist Dave Ibemere has over a […]
National grid: FG to boost power supply, to generate 150MW Nexovant
Plans are underway to deliver an additional 150MW to national grid, as FG deploys $750 million World Bank loan to boost electricity supply 14 substations will be upgraded and 21 new ones established under the Presidential Power Initiative At least, an additional 150MW will be delivered to the national grid, to boost the electricity supply […]
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