Nigerian News Summaries

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The Punch Dec 9, 2024

Nigerian Telecoms See Sharp Decline in Foreign Investments to $14.4m in Q3 2024

Foreign investments in Nigeria's telecommunications sector plummeted by 87% to $14.4m in the third quarter of 2024, from $113.42m in the previous quarter. This marks a significant decline in foreign investment in the telecoms sector.

foreign investments telecoms

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The Punch Dec 9, 2024

Marketers Begin Lifting Petrol Directly from Dangote Refinery in Nigeria

The Independent Petroleum Marketers Association of Nigeria has started loading Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, following an agreement reached previously.

The Punch Dec 9, 2024

Oando Boosts Crude Oil Output by Almost 50% in Major Production Leap.

Oando Plc has increased its crude oil production output by 50% over the past three months following the acquisition of Nigerian Agip Oil Company from Eni.

The Punch Dec 9, 2024

29 States Face Funding Shortfall for Capital Projects Amid N4.5tn Delay

Nigeria's 29 state governments are facing a funding shortfall of N4.5 trillion for capital projects, resulting in delays for various infrastructure projects across the country. This shortage is impacting the progress of several capital projects nationwide.