What to Know Before Switching Your Petrol Vehicle to CNG
1 天前 · Since the termination of the petrol subsidy in Nigeria, many car owners are seeking for ways to minimize fuel expenses by converting petrol-powered vehicles to run on compressed natural gas (CNG). CNG is viewed as a more cost-effective and ecologically friendly alternative to gasoline. To assist this transition, the Nigerian government, backed by President Bola
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Top 6 Differences Between CNG and LNG You Need to Know
1 天前 · Energy Density. Another key difference is how much energy each fuel can store in a given amount of space. Because CNG is still in gas form, it contains less energy, requiring more room to store the same amount of energy. LNG, as a liquid, is more denser in terms of energy. It stores a lot more energy in a smaller space, making it better suited ...
Transcorp Power’s Profit Hits over $35 Million in 9 Months
3 天之前 · Transcorp Power, a power subsidiary of Transcorp Group, a global conglomerate owned by Nigerian tycoon Tony Elumelu, announced a significant increase in profit for the first nine months of 2024, with earnings exceeding $35 million. Transcorp Power's unaudited financial accounts for Sept. 30, 2024 show a profit of N58.42 billion ($35.74 million), up from N20.44
Aradel Holdings Debuts on NGX, Reaching $1.9 Billion Market Cap
3 天之前 · Aradel Holdings, managed by Nigerian billionaire Ladi Jadesimi, has made a huge achievement by listing its shares on the Nigerian Exchange (NGX). The integrated energy group's market capitalization increased to N3.053 trillion ($1.9 billion) as it listed 4.34 billion shares at N702.69 ($0.43) each. Aradel's listing on the NGX qualifies it for two prominent indices:
Dangote’s Crude Oil Production Postponed to 2025
1 天前 · Aliko Dangote has postponed plans to begin crude oil exploration from the fourth quarter of 2024 to 2025. This modification comes after a two-month crude supply disagreement with Nigerian officials. According to S&P Global Commodity Insights, Dangote’s goal of starting oil production by 2025 will be realized at his two oil holdings in Delta ...
UBA CEO Oliver Alawuba’s Stake Surpass $1.4 Million Following …
3 天之前 · Oliver Alawuba, CEO of United Bank for Africa Plc (UBA), has strengthened his financial position by acquiring further shares in the Nigerian banking company, increasing the market value of his ownership to $1.44 million (N2.36 billion). This year, Alawuba, who controls one of Africa's most revolutionary financial organizations, has seen both the bank's activities and
9 Nollywood Filmmakers Who Surpassed N100 Million in 2024
2024年10月4日 · Deyemi Okanlawon – All’s Fair in Love. Box Office Revenue: N131 million. Deyemi Okanlawon is a well-known actor and entrepreneur who made his production debut in 2024 with the romance comedy All’s Fair in Love. The film debuted on February 14 and instantly became Nigeria’s highest-grossing romantic comedy, earning N131.34 million.
Top 5 Countries Nigeria Spent the Most On in Q2 2024
In the second quarter of 2024, Nigeria spent ₦12.47 trillion on imports, accounting for 39.11% of overall commerce, according to the National Bureau of Statistics (NBS). The research highlighted Nigeria's vast global commercial links, with Asia ranking as its main trading partner. During this era, Nigeria's imports from Asia were ₦5.58 trillion, accounting for 44.74%
Three Nigerian Startups Selected For YC W23 Batch, Banking $500k
Three Nigerian startups have been confirmed as participants in the W23 batch of the renowned Silicon Valley-based Y Combinator accelerator, banking US$500,000 in funding among other benefits. The W23 batch of the Y Combinator programme, which played a role in the early days of companies like Airbnb, Coinbase and Dropbox among others, is currently taking place, and