Over $500m investment attracted via PPP projects – Infrastructure commission
The Federal Government of Nigeria has reported attracting more than $500 million through Public-Private-Partnership projects over the past year, as announced by the Infrastructure Concession Regulatory Commission. The ICRC also…
TCN repairs vandalized transmission towers in Bayelsa
The Transmission Company of Nigeria has successfully repaired and erected 13 of the 16 transmission towers that were vandalized along the Ahoada-Yenagoa 132kV transmission line. This restoration effort marks a…
Fuel price hike driven by high taxes – OPEC
The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has stated that taxes imposed by major oil-consuming nations are the main contributors to rising fuel costs,…
Major marketers start petrol lifting from Dangote refinery
The Nigerian National Petroleum Company Limited has granted major petroleum marketers permission to begin lifting premium motor spirit, commonly known as petrol, from Dangote Petroleum Refinery. This move is in…
NLC blames policy inconsistencies for NNPC, Dangote dispute
The President of the Nigeria Labour Congress, Joe Ajearo has attributed the ongoing conflict between the Nigeria National Petroleum Company Limited and the Dangote Petroleum Refinery to alleged government policy…
FG mandates private employers adheres to N70,000 minimum wage
The Federal Government has mandated that agencies recruiting for the private sector adhere to the N70,000 minimum wage, warning that any deviations will not be tolerated. Emphasizing the necessity of…
Pension assets jumps to N20.79tn in July – PenCom
The Acting Director-General of the National Pension Commission, Omolola Oloworaran, has announced that pension fund assets under the Contributory Pension Scheme have increased to N20.79 trillion as of July 2024.…
NNPC-branded truck with stolen crude seized
Security agents have confiscated a truck bearing the logo of the Nigerian National Petroleum Company Limited for transporting stolen crude oil in the Niger Delta. This truck was one of…
Nigeria’s aviation rating hits 70.5 – Minister
Nigeria’s aviation rating has surged to 70.5, reflecting the country’s full compliance with the Cape Town Convention on dry-leasing of aircraft. This significant increase underscores Nigeria's commitment to enhancing its…
Heineken suspends loan interest to Nigerian Breweries amid financial reform
Nigerian Breweries PLC has received significant support from its parent company, Heineken, which disclosed that it has suspended interest payments on loans to the Nigerian subsidiary, as part of its…
Lagos to partner Portugese firm for proposed Lekki-Epe International Airport
The Lagos State Government is considering a collaboration with the Portuguese construction firm Mota-Engil Consortium to build the proposed Lekki-Epe International Airport. This initiative aims to reduce congestion at Murtala…
WazirX crypto hacker moves $11.6m in Ethereum to Tornado cash
The hacker responsible for the $230 million exploit of India’s largest cryptocurrency exchange, Wazir X, has transferred an additional $11.6 million in Ethereum to the notorious crypto mixer Tornado Cash.…
