Shell pipeline spill pollutes Niger Delta’s farms, river
The Niger Delta, which has long suffered from environmental pollution brought on by the oil industry, has recently seen an oil spill at a Shell plant in Nigeria that has…
Discos failed to remit N208bn in 2022- FG
The Federal Government has reported that in 2022, power distribution companies failed to remit N208.8bn to the Nigeria Electricity Supply Industry. The Nigerian Electricity Regulatory Commission's Fourth…
How debt servicing increased to N1.24tn in Q1 2023 – Report
Nigeria's debt servicing costs rose by 55.71% to N1.24 trillion in just three months. According to The Punch, data from the Debt Management Office shows that between October and December…
Naira falls by 13.9% in one week at I&E Window
The naira fell to a historic low against the dollar last week as Nigeria's new foreign exchange policy came into effect. The policy, which the Central Bank of Nigeria announced on…
Flour Mills to issue another N55bn commercial paper
One of the biggest food and agro-allied firms in Nigeria, Flour Mills of Nigeria PLC has announced the issuance of up to N55 billion in Series 3 Commercial Papers as…
NPA raises alarm over alleged defamation, blackmail
By Wilson Adekumola The Nigerian Ports Authority, has cried out over what it called a campaign of calumny against the organisation, saying the public should be disregard the development.…
SEC denies not auditing financial statements since 2014
The Securities and Exchange Commission of Nigeria has denied reports claiming that it has not audited its financial statements since 2014. Nairametrics reported that In a statement issued on Friday and signed by its…
Tinubu breaks silence on Emefiele’s suspension
President Bola Ahmed Tinubu has broken his silence on the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele. He made this disclosure during an interactive session with…
Why manufacturers invested N144bn in alternative energy sources – MAN
The Manufacturers Association of Nigeria has stated that the cost of accessing alternative energy sources increased by 87% between 2021 and 2022, from N77.22 billion to N144.5 billion spent by its…
Honda recalls about 1.2M vehicles over rear camera issues
Kazeem Owoseni Honda Motor Company Limited, has announced the recalling of nearly 1.2M vehicles in the United States, because the rear view camera image may not appear on…
Why FG can’t effect 40% increase electricity tariff – NLC
Kazeem Owoseni The President of the Nigerian Labour Congress, Joe Ajaero, on Friday stated that the Federal Government of Niageria should not meddle with the present electricity tariff…
Why Canada requires Google, Meta to pay news organisations
Canada may soon require Google and Meta to pay media outlets for news information shared or repurposed on their platforms. According to Nairamtrics, the bill was approved by the Canadian…
