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Fresh indications have emerged that Geregu Power Plc Chairman, Senator Abdul’aziz Yari, personally funded the company’s N6.03 billion outstanding bond obligation to protect investors and prevent the dispute from affecting the company’s operations.
The post Geregu Power Chairman, Yari ‘personally’ funded N6 billion bond obligation appeared first on Nairametrics.
The Nigerian Electricity Regulatory Commission (NERC) has inaugurated a five-member interim board for Kaduna Electricity Distribution Company (KAEDC), days after dissolving the company’s board over persistent financial and operational failures.
The post NERC names 5-member interim board to fix troubled Kaduna DisCo appeared first on Nairametrics.
The Nigerian Navy, under Operation DELTA SENTINEL, has dismantled three illegal refining sites in the Okolomade and Ogbogolo areas of Rivers State and recovered approximately 91,000 litres of suspected stolen crude oil.
The post Navy dismantles 3 illegal refineries, recovers 91,000 litres of crude oil in Rivers appeared first on Nairametrics.
Tony Elumelu has said Nigeria’s oil production losses have fallen sharply from 97% before President Bola Tinubu assumed office in 2023 to 2% as of June 2026.
The post Nigeria’s oil losses plunge from 97% to 2% under Tinubu, Elumelu says appeared first on Nairametrics.
Aliko Dangote has offered East African countries a combined 30% equity stake in his proposed oil refinery in Kenya, potentially giving regional investors access to about $1.5 billion worth of the planned project.
The post Dangote offers East African countries 30% stake in planned $17 billion refinery appeared first on Nairametrics.