AEDC Announces Fresh Electricity Tariff Hike
The Abuja Electricity Distribution Company has commenced the implementation of a fresh electricity tariff hike for Band A customers, getting 20-24 hours power supply. AEDC…
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As Nigeria’s Gasoline Debt Hits $6 Billion, Some Traders Back Out
Nigeria’s debt to gasoline suppliers has surpassed $6 billion – doubling since early April – as state oil firm NNPC struggles to cover the gap…
Nigeria Wins Bid To Host $5 Billion Africa Energy Bank
Nigeria has won its bid to host the headquarters of the Africa Energy Bank (AEB). The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri,…
10 States Battling Flooding, 21 Others At Risk, FG Warns
The Federal Government, on Thursday, said no fewer than 10 states and the Federal Capital Territory, Abuja, had either experienced various degrees of flooding or…
FG Clears $850 Million Debt To European Airlines
The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m. The European Union Ambassador to Nigeria and…
FG Targets $1 Trillion Economy By 2030, Launches Initiative – VP Shettima
The federal government has launched a new initiative to establish an operating model and framework for Economic and Financial Inclusion, aiming to transform Nigeria into…
IKEDC Hikes Electricity Tariff For Band A Consumers
The Ikeja Electricity Distribution Company, IKEDC, has announced a review of electricity tariff for Band A customers. IKEDC serves parts of Lagos and Ogun states.…
NBS Says Petrol Hits N937 Per Litre, Fears It May Soon Reach N1000
The steady increase in petrol prices commenced after the subsidy removal by President Bola Tinubu on May 29, 2023. The National Bureau of Statistics (NBS)…
Interest Rate At 30% Will Stifle Growth, Hinder Job Creation – Dangote Warns CBN
Aliko Dangote, president of the Dangote Group, says the increase of interest rate to almost 30 percent by the Central Bank of Nigeria (CBN) will…
NNPC Declares State Of Emergency On Oil Production
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production.It said this was a move towards increasing Nigeria’s…