Russia-Ukraine crisis fuels surge in food prices – Buhari
The President, Major General Muhammadu Buhari (retd.), on Saturday in Accra said ongoing invasion of Ukraine by Russia had led to a surge in the prices of many commodities, including…
Maritime workers demand govt’s action as gunmen attack members
Maritime Workers Union of Nigeria has condemned the attack on its members who were on official assignment on Wednesday at Otu Junction, Nnewi South, Anambra State. According to Independent News,…
Motorists slam FG, NNPC as fuel queues hit Abuja again
Fuel queues returned to the Federal Capital Territory on Thursday as motorists spent hours at filling stations waiting to buy the Premium Motor Spirit also known as petrol. This is…
FG suspends N500bn electricity subsidy, tariff surge by 58%
Findings have shown that electricity tariffs increased by 58 per cent after the Federal Government yanked off a yearly subsidy of N500bn to the power sector. Documents obtained by Newsmen…
Titan Trust completes takeover of Union Bank
Union Bank Plc has announced the completion of core investors’ sale of a majority shareholding to Titan Trust Bank Limited, a subsidiary of TGI Group. The bank also announced board…
EFCC frees suspended Accountant-General after two weeks
The suspended Accountant-General of the Federation, Ahmed Idris, has been released by the Economic and Financial Crimes Commission after he was arrested for his alleged involvement in a N174 billion…
Disagreement stalling Customs automation project – Minister
The Federal Government says the $3.1bn contract for the ‘complete’ automation of the Nigerian Customs Service, approved by the Federal Executive Council in 2020, has been upturned. This, it said,…
DisCos revenue rises by 47% to hit N757bn – Report
Revenue collection by the 11 distribution companies increased by 47 per cent to N757bn in 2021. The Association of Nigerian Electricity Distributors’s 2021 report on Commercial Key Performance Indicator for…
Nigeria’s renewable energy investment potential hit $104bn – UK
Climate-smart investment potential in Nigeria, particularly in the renewable energy sector, is worth over $104bn, the United Kingdom High Commission has said. In his address at the Carbon Chamber Conference…
Telcos record 6.18 million new subscribers in four months
6.18 million Global System for Mobile Communications subscribers joined the national network between January and April this year, according a new industry statistics from the Nigerian Communications Commission. Also, the…
Port collapse: Cargo diversion may shift to West African countries
There are indications that the nation may soon start experiencing more cargo diversions to neighbouring West African ports as well as increase in freight rates due to the collapse of…
Inflation, others threaten Buhari’s poverty reduction scheme –World Bank economists
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and the war in Ukraine are threatening Nigeria’s poverty reduction aspiration.…
