Nigeria Youth Investment Fund (NYIF) Opens Applications for Young Entrepreneurs

In a significant move to empower Nigerian youth and foster entrepreneurship, the Federal Government has announced the reopening of the Nigeria Youth Investment Fund (NYIF) for 2024. With a substantial seed capital of ₦110 billion, the NYIF aims to provide young entrepreneurs aged 18 to 40 with access to finance for their business ventures. Empowering…

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MTN, others get permits to generate electricity

The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to…

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Dangote refinery kicks as report claims firm reselling US, Nigerian crude oil

Dangote Petroleum Refinery has denied reselling shipments of crude oil from the United States (US) and Nigeria. On Wednesday, Reuters reported three sources said the Dangote refinery was reselling due to technical problems at the refiner. When questioned about the offers and talk circulating in the market regarding the refinery’s operational problems impacting the crude…

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