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Business

FG moves to tackle gas shortages disrupting power supply

Nigeria’s federal government has said it is taking steps to tackle persistent gas shortages disrupting electricity generation, as power supply across the country remains unstable. Minister of Power, Adebayo Adelabu, made this disclosure in Abuja. Adelabu said that the government targeted interventions are already underway to improve gas supply to thermal power plants. For years, […]

Dangote names Lekki refinery road after Wigwe
Opinion

UK deal signals growing investor confidence in Nigeria — Dangote

Africa’s richest man, Aliko Dangote, has hailed a major £746 million financing agreement secured during President Bola Tinubu’s recent state visit to the United Kingdom as a clear sign of rising international confidence in Nigeria’s economy. Speaking to journalists after a courtesy visit to President Tinubu at his Lagos residence on Monday, Dangote described the […]

Technology

Russia launches satellites for Starlink-style internet network

Russia’s Bureau 1440 space company has launched 16 broadband internet satellites, taking an early step toward building a low-Earth orbit network that officials describe as a domestic alternative to SpaceX’s Starlink. The satellites were launched at 8:24 p.m. on Monday and have since been placed under the company’s mission control after reaching their target reference […]

featured Opinion

Nigeria, Africa will pay heavy price if Iran war continues – Dangote

Foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have far-reaching consequences for Nigeria and African economies. Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu. He said the visit was to extend Sallah greetings, reconnect with the president after some […]

Price of of cooking gas rose by 13.75% in May 2024
Business

Cooking gas costs rise amid Dangote adjustment, crude oil surge

Fresh pressure is building on household energy costs as marketers on Monday warned that the price of Liquefied Petroleum Gas (cooking gas) may rise further after a fresh price adjustment by the Dangote Petroleum Refinery and shifting global crude oil trends. The Nigerian Association of Liquefied Petroleum Gas Marketers said retail prices have already surged […]

Economy

Nigeria’s net domestic credit drops 6.9% to ₦109.4trn

Nigeria’s Net Domestic Credit has dropped by 6.9 per cent Year-on-Year in January 2026 to N109.4 trillion from N102.4 trillion in the same period in 2025, according to the Central Bank of Nigeria latest money and credit report. The NDC is the total value of Bank credit to both the private and public sectors. The […]

Electricity

NERC names Adegbenro acting chief executive of Eko DisCo

The Nigerian Electricity Regulatory Commission has approved the appointment of Ms. Sherifat Adegbenro as the Acting Chief Executive Officer of Eko Electricity Distribution Company. The Commission disclosed this in a public notice shared on its X handle on Monday. According to NERC, the appointment is in line with the Code of Corporate Governance for the […]

New expatriate levy sparks concerns over regional integration
Energy

CPPE demands urgent govt action on soaring energy costs

As Nigerians grapple with soaring energy costs, the Centre for Promotion of Private Enterprises, on Monday, demanded government’s urgent intervention to ease the burden. The Executive Director, CPPE, Dr Muda Yusuf, in a statement, pointed out that the continued pressure on Nigerians and the economy by the United States/ Israel – Iran war demands government […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
featured Investment

Nigeria attracts $2.6bn FDI in solid minerals sector — Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori. In the statement, the Minister advocated for regional hubs to […]

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