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Petrol stations risk licence revocation over under-dispensing –

  • 22nd September 2026

FG to install 300 containers of equipment to

  • 22nd September 2026

Black employees allege racism at Tesla factory

  • 22nd September 2026

Afreximbank, ATDC sign $500m facility to boost African

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Petrol stations risk licence revocation over under-dispensing – NMDPRA

Business

FG to install 300 containers of equipment to upgrade

Business

Malami denies corrupt deal allegations over Mambilla Project

News

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Tech

Blog

World Bank punishes Nigerian firms, individuals for corruption
Economy

World Bank to review poverty index over inflation, others

The World Bank plans to revise the global poverty line from $1.90 to $2.15 due to increases in the costs of basic food, clothing, and shelter across the world. This was contained in a Fact Sheet post titled ‘An Adjustment to Global Poverty Lines’, which was published on the bank’s website on Monday. The post […]

Energy

Cooking gas: Nigeria needs $750m for 5MMT annual consumption

NIGERIA requires about $750m investment in the transportation and retailing infrastructure for Liquefied Petroleum Gas, popularly called cooking gas, to achieve the target of five million metric tonnes of annual consumption, operators in the LPG space have said. Speaking at the 2nd Annual Virtual LPG workshop organised by the African Refiners and Distributors Association, which […]

Power generation dropped 43mw after worker's strike - FG
Electricity

Power firms owe banks N861.14bn amid electricity crisis

THE debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised over eight years ago, according to the Central Bank of Nigeria data. In July 2020, core investors in the […]

Telecommunications

Nigerians to pay more as telcos plan 40% tariff hike

Telecommunication companies are proposing a 40 per cent increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of running a business in the nation. Based on their proposal, the price floor of calls will increase from N6.4 to N8.95 while the price cap […]

Transportation

50 passengers rescued as fire guts aircraft tyres in Port Harcourt

At least 50 passengers were rescued when fire gutted the tyres of an aircraft operated by Dana Airlines Limited in Port Harcourt. The incident occurred on Monday evening at the Port Harcourt airport, our correspondent learnt. It was also gathered that no life was lost and no passenger was injured as first responders including operatives […]

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100% cashless economy possible in Nigeria - Emefiele
Economy

External reserves fall by $196m in eight days

Nigeria’s external reserves fell slightly by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria. The CBN revealed that the reserves, which had earlier gained $243.83m in 19 days from $39.54bn as of April 1, 2022 and rose to $39.78bn as of April 19, […]

Transportation

700 companies jostle for N12bn railway projects – NRC

THE Nigerian Railway Corporation has said that about 700 companies applied for its N12bn capital projects procurement. Speaking during the exercise in Lagos, the Director of procurement, NRC, Mr Benjamin Iloanusi, said that the bidding process was purely for capital projects. “We have over 700 companies that submitted their documents. That is the number of […]

News

Overdue debt repayment weak in most states, DMO warns

The Director-General, Debt Management Office, Ms Patience Oniha, has said that many state governments still struggle to pay arrears, a development that threatens the level of debt sustainability in states. She said this in a presentation document titled ‘Paths to sustainable debt management: the SFTAS approach’, which was obtained by our correspondent on Monday. It […]

UK, South Korea warn against cyberattacks from North Korea
E-commerce

44% of Nigerian firms paid hackers ransom in 2021 –Report

SEVENTY-one per cent of Nigerian organisations were hit by ransomware in 2021 while 44 per cent of the affected firms were forced to pay ransoms to get their data back, according to a new report by Sophos, a United Kingdom-based cybersecurity solutions firm. The report titled, ‘The State of Ransomware 2022,’ said the number of […]

Economy

Subsidy deductions hit states hard, govs owe salaries

State workers and pensioners on Sunday lamented they were carrying the burden of a cash crunch in the country with many state governments failing to ensure regular payment of salaries, gratuities and other entitlements. Labour leaders, who spoke separately with our correspondents in Ekiti, Benue, Ogun, Ondo, Rivers, Abia, Ondo, Edo and Kano states, noted […]

Trapped funds: CBN to give foreign airlines $150m
Policy and Regulations

Over 50 companies shut down over forex, power crises

More than 50 Nigerian manufacturing companies have shut down in the last five years, according to investigations. Some of the manufacturing companies that have exited the industry in the last five years include: Surest Foam Limited, Mufex, Framan Industries, MZM Continental, Nipol Industries, Moak Industries, and Stone Industries. Others are: Solo Industries, Quick Born Industries, […]

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