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Essential Nigeria News

Monday, September 14, 2026 Volume XXIII Breaking News & Latest Updates
FG Offers 70:30 Profit Oil Split for New Fields Business

FG Offers 70:30 Profit Oil Split For New Fields

The Federal Government has introduced a 70:30 profit oil-sharing arrangement for new oil fields as part of efforts to attract investment and encourage exploration in Nigeria’s upstream petroleum sector.Under the proposed framework, investors would receive a larger share of profit oil from qualifying...

By Esther August 17, 2026
Universal Insurance Secures ₦7.1bn Investment for Recapitalisation Business

Universal Insurance Secures ₦7.1bn Investment For Recapitalisation

 Universal Insurance Plc has secured ₦7.1 billion in fresh investment to support its recapitalisation programme and strengthen its financial posi...

6 0
4 weeks ago
NSDC Targets $1bn Investment to Cut Sugar Imports Business

NSDC Targets $1bn Investment To Cut Sugar Imports

 The National Sugar Development Council is targeting about $1 billion in investment to strengthen local sugar production and reduce Nigeria’s dep...

7 0
4 weeks ago
Telcos Owe 25-Year Growth to Workers’ Sacrifice – ATCON Business

Telcos Owe 25-Year Growth To Workers’ Sacrifice – ATCON

 The Association of Telecommunications Companies of Nigeria has credited the growth of Nigeria’s telecommunications industry over the past 25 yea...

6 0
4 weeks ago
GTCO Interest Income Surges 506% as Dollar Limit Doubles Business

GTCO Interest Income Surges 506% As Dollar Limit Doubles

 Guaranty Trust Holding Company Plc recorded a 506 per cent increase in interest income as the limit on certain dollar-denominated transactions d...

4 0
4 weeks ago