Business

pRenaissance Energy has announced an offshore oil discovery at Oil Mining Lease (OML) 74, marking the company’s first major exploration success since assuming control of the asset in 2025. According to the company, preliminary drilling results identified approximately 1,000 feet (about 305 metres) of hydrocarbon-bearing reservoirs across seven separate zones. Early evaluation and fluid testing […]

By The Project Herald Across Nigeria, state governments are increasingly shifting attention toward industrial parks, special economic zones, and logistics hubs as they seek new pathways to economic growth, job creation, and private sector investment. For decades, many states relied heavily on federal allocations and traditional revenue sources. However, declining fiscal flexibility, growing urban populations,

The Nigerian naira ended the week on a weaker note after recording its sharpest decline of the week at the official foreign exchange market, raising fresh concerns over the currency’s stability despite ongoing reforms aimed at improving liquidity. Data released by the Central Bank of Nigeria (CBN) showed that the naira depreciated to ₦1,370.46 against