FG allocates ₦4.4bn To Revive Abandoned Dams In Three States
In a bid to mitigate flooding and boost hydropower generation, the Federal Government, through the Ministry of Water Resources, has allocated approximately N4.4bn to revive…
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Nigeria’s External Debt Hits $42.9 Billion, States Account For 11%
Nigeria’s external debt is now $42.9 billion as of the end of June 2024. According to the Debt Management Office (DMO), the share of 36 states…
Tinubu Govt Directs ₦5.4 Trillion Subsidy Savings Toward Nationwide Development
The Nigerian Presidency announced that an estimated N5.4 trillion in savings from subsidy removal in 2024 is being directed towards infrastructure and social intervention programs aimed…
IG Condemns Police Extortion, Orders Punishment For Culprits
The Inspector General of Police, Kayode Egbetokun, has condemned the spate of extortion allegations against some officers of the force in various areas across the…
South Africa, Seven Countries Queue To Lift Dangote Refinery Fuel
The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, A highly credible source, who confirmed this exclusively…
Refiners Oppose Petrol Import Licences To IPMAN, PETROAN
The Crude Oil Refinery Owners Association of Nigeria has warned the Federal Government to be cautious in granting import licences to petroleum traders for the…
US Authorities Arrest Nigerian At Texas Airport For $2 Million Romance Fraud
A 40-year-old Nigerian national, Franklin Ikechukwu Nwadialo, was arrested on arrival at an airport in Texas on charges linked to a multi-million-dollar romance fraud scheme.…
Lagos To Build Massive 4,000 Megawatts Plants To End Power Cuts
Nigeria’s commercial capital Lagos on Thursday invited bids for construction of up to [b]4,000 megawatt (MW) gas-fired power plants to cover a national grid shortfall, seeking…
Aquitane Oil & Gas: Firm Drags Zenith Bank Over N1.4bn Alleged Fraud
Aquitane Oil & Gas Ltd., a major downstream oil industry player in Nigeria, has made explosive allegations against Zenith Bank Plc, accusing the bank of…
Consumers Protest As Discos Hike Meter Price By 28%
Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months.…