Bread will get more expensive, bakers warn
The President of Premium Bread Makers Association of Nigeria, Emmanuel Onuorah, has warned that the cost of bread might skyrocket with the rising inflation, fuel hike and power instability in…
FG okays concession of 700MW Zungeru power plant
The Federal Government has given the green light to speed up the concession process for the 700 megawatts Zungeru Hydroelectric Power Plant in Niger State. The Head, Public Communications, Bureau…
Gas consumption to decline over Russia, Ukraine war – Report
Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth over coming years as consumers switch to alternatives, the IEA…
Business owners protest alcohol ban in FCT
Owners of recreation centres have written to the Minister of the Federal Capital Territory, Muhammed Bello, to remind him that Nigeria is a democratic society and not an Islamic state.…
Nigeria’s crude oil output drops below expectation – Report
A financial service company, Vetiva, has decried that Nigeria's crude oil output has fallen below expectation despite efforts by the Organisation of Petroleum Exporting Countries to unwind production caps. The…
NNPC, Sahara to build jetties to boost cooking gas supply
The Nigerian National Petroleum Company Limited and Sahara Group, through their joint venture business, WAGL Energy Limited, are set to develop and construct jetties across West African countries to boost…
Companies insure top executives against kidnapping
Some companies, especially multinationals in Nigeria, are obtaining insurance for their top executives in case they are taken hostage as kidnappings soar in the country. A report by SBM Intelligence…
How Nigeria, others can increase mobile money accounts – World Bank
The World Bank has revealed how Nigeria and other Sub-Saharan African countries can increase the number of mobile money accounts. According to its ‘COVID-19 Drives Global Surge in use of…
China gifts Zimbabwe $160m parliament building
China is strengthening its influence in African countries with its economic input in helping black nations develop and grow their economies. China recently completed a new parliament building in Zimbabwe…
Airports concession: FG moves to proposals request stage
The Federal Government has moved into the proposal request stage as it continues the concession of Nigeria’s four major international airports in Lagos, Abuja, Port Harcourt and Kano. It said…
Nigeria, others impacted by under-utilisation of mineral resources – Minister
Despite huge deposits, Nigeria and other African countries suffer from the under-utilisation of mineral resources, the Minister of Mines and Steel Development, Olamilekan Adegbite, has said. Adegbite made this known…
World Bank faults Buhari regime’s response to inflation
The World Bank has faulted the response of the regime of the President, Major General Muhammadu Buhari(retd), to the inflation suffered by Nigeria. According to a statement released by the…
