CBN disburses N1.73tn for food imports in six months
The Central Bank of Nigeria in the second quarter of 2024 allocated $547.7 million (N823.19 billion at the official exchange rate of N1,503.3/$1 as of June 30, 2024) for food…
FG eyes 5% tax on telecommunications, other services
The Federal Government of Nigeria has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a new bill aimed at overhauling the…
Boeing makes new offer to union to end prolonged strike
Boeing and the union representing striking machinists have reached a new contract proposal aimed at ending a prolonged walkout that has severely impacted airplane production. The International Association of Machinists…
TotalEnergies to finalize investment deal in north offshore project – Lokpobiri
The Minister of Petroleum Resources, Heineken Lokpobiri, has announced that TotalEnergies is prepared to finalize an investment deal in the North Offshore project, along with joint ventures with Shell Petroleum…
FG launches export skills centre, eyes $422m fashion e-commerce market
The Federal Government has officially launched the Export Skills Acquisition Centre in Apapa, Lagos, with the goal of tapping into Nigeria’s burgeoning fashion e-commerce market, projected to reach $422.8 million…
TCN confirms power restoration after national grid collapse
The Transmission Company of Nigeria has confirmed the full restoration of the national grid following a system failure that caused a nationwide blackout earlier today. TCN spokesperson, Ndidi Mba attributed…
NNPC trains over 1,000 mechanics on CNG vehicle conversion
The Nigerian National Petroleum Corporation Retail Limited, a subsidiary of NNPC, has successfully trained over 1,000 mechanics across Nigeria on the technical aspects of converting vehicles to Compressed Natural Gas.…
NERC confirms national grid collapse following Jebba transformer explosion
The Nigerian Electricity Regulatory Commission has confirmed the collapse of the national grid, caused by an explosion at a current transformer in the Jebba transmission station. This incident, which occurred…
Cuba begins gradual power restoration after nationwide blackout
Cuba began restoring limited power by Friday evening after a nationwide blackout caused by the collapse of a major power plant. Although some areas, particularly in Havana, regained electricity, many…
Cuba begins gradual power restoration after nationwide blackout
Cuba began restoring limited power by Friday evening after a nationwide blackout caused by the collapse of a major power plant. Although some areas, particularly in Havana, regained electricity, many…
National grid faces third collapse in a week
Nigeria's national power grid has collapsed for the third time in a week, with the latest incident occurring on Saturday morning. This was confirmed by the Nigeria National Grid on…
Nigeria tops list of people without electricity, says AfDB President
The President of the African Development Bank, Akinwunmi Adesina, has revealed that Nigeria has the highest population of individuals living without electricity in the world. Speaking at the 90th birthday…
