Blackout as national grid collapses again
Nigeria’s power grid collapsed again on Wednesday, making it the sixth time that the system had crashed in 2022. The grid crashed from the 3,921.8 megawatts that was generated at…
Bakers stop bread production today over rising costs
Bread makers have announced plans to stop production of their products, effective today, over rising prices of baking materials and diesel which have affected the industry negatively. Bakers under the…
Festus Osifo becomes new TUC President
The Trade Union Congress, on Wednesday, elected a new President, Festus Osifo, at the end of an election where he won with 688 votes defeating his rival, Oyikan Olasanoye, with…
NNPC denies issuing directive on fresh petrol price
The Nigerian National Petroleum Company Limited has denied issuing the directive on the new price of Premium Motor Spirit, otherwise known as petrol. NNPC said on Tuesday that fuel pricing…
Dollar conversion: CBN to block bank customers’ account
The Central Bank of Nigeria has said it will place A 'Post no Debit’ on the accounts of customers, especially politicians, converting the naira to the dollar as electioneering spending…
NNPC becomes commercial entity amid fuel scarcity
The President, Major General Muhammadu Buhari (retd.) officially unveiled the new brand of the Nigerian National Petroleum Company Limited on Tuesday, at the State House, Abuja, to usher in some…
Bread scarcity looms as bakers threaten strike
The Association of Master Bakers and Caterers of Nigeria has issued a two-week ultimatum to the Federal Government to address various challenges facing the industry. The Kogi State Chairman of…
Aero Contractors suspends operations
Aero Contractors has announced the temporary suspension of its operations in Nigeria over the country's economic crisis. Nigeria’s oldest airline made this known in a statement released on Monday. The…
Uber settles US lawsuit for overcharging persons with disabilities
Uber will offer several million dollars in compensation to tens of thousands of passengers with disabilities who were charged extra fees, US prosecutors said Monday. The case brought by the…
Nigeria’s inflation hits 20%, surpasses World Bank’s projection
Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World Bank’s projection of 15.5 per cent, despite raising its Monetary Policy Rate (interest rate). In…
Nigeria’s inflation hits 18.6%, highest in five years
The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in…
Car sales slump 14% in six months – Report
European auto sales slumped by 14 per cent in the first half of this year, data showed Friday, as supply shortages continued to plague manufacturers. With the lack of computer…
