Nigeria needs 100,000MW to end power crisis – Ex-minister
A former Minister of Power, Prof. Barth Nnaji, says Nigeria needs over 100,000 megawatts of power to address the persistent electricity problem across the country. Nnaji said this while addressing…
Fuel subsidy records 307% increase amid transport fare hike
The amount spent on fuel subsidy monthly rose from N60.39bn in March 2021 to N245.77bn in March 2022, indicating an increase of 306.97 per cent. Within this one-year period, fuel…
MTN earns N421bn from calls, data in three months
MTN Nigeria Communications PLC made N421.49bn from calls and data in the first quarter of 2022. This is a 20.32 per cent increase from N350.31bn that the telecoms company made…
Recapitalisation: PenCom probes PFAs’ funds as deadline ends
THE National Pension Commission is investigating the nation’s Pension Fund Administrators evidence of meeting its new capital requirements ahead of the April 30, 2022 recapitalisation deadline, findings have revealed. Sources…
Zenith Bank grows quarterly earnings by 22%
Zenith Bank Plc’s gross earnings rose by 22 per cent in the first quarter of 2022. The lender’s earnings rose from N157.3bn in the first quarter of 2021 to N191.5bn…
Protesting oil workers ground activities at Warri refinery
Operational activities were, on Thursday, grounded at the Warri Refining and Petrochemical Company, Delta State, as hundreds of casual workers staged a peaceful protest inside the company against the management…
Nigeria’s proven gas reserves worth over $803.4tn – FG
THE Federal Government on Thursday said the value of Nigeria’s proven gas reserves of about 206.53 trillion cubic feet was over $803.4tn, adding that the country had the most extensive…
COVID-19 stalled deployment of 60,000 tractors, agric equipment – FG
The Federal Government on Thursday said the deployment of 10,000 tractors and 50,000 units of assorted agricultural equipment across the country did not materialise because of the outbreak of the…
Agents, policies blamed as abandoned ships litter Nigerian waters
In Nigeria, it is normal to detain ships and allow them to sink or rot away. In this piece, this story looks at the possible causes of this anomaly and…
Premium Trust Bank commences operations, promises service delivery
Premium Trust Bank has launched its first branch in Port Harcourt, Rivers State, joining the list of licensed commercial banks operating in Nigeria. The bank said in a statement that…
Consultant to get N853m for Ajaokuta Steel, firm’s concessions – FG
THE Federal Executive Council on Wednesday approved the engagement of transaction advisors for consultancy services for the concession of Ajaokuta Steel Company Limited and the National Iron Ore Mining Complex…
PENGASSAN moves to stop casualisation in oil industry
The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of casualisation in the oil and gas industry are reduced to a minimal level.…
