FG to confirm increment of petrol freight rate
The Federal Government is expected to issue a circular confirming the increased the increase of freight rates of Premium Motor Spirit, otherwise known as petrol, by N10 per litre. The…
Firm prepares fresh investment in oil, gas sector
Solewant Group says it is now entering the next phase of its extensive development through investments and expansions in the oil and gas sector. Report according to The Punch confirmed…
Blackout to worsen as 20 power plants underperform
No fewer than 20 gas power plants are currently under-performing, forcing power generation to drop below 2000MW. Nigeria has 23 power generating plants with 11 165MW capacity connected to the…
92 million Nigerians lack access to electricity – Report
Nigeria has the lowest access to electricity globally, with about 92 million persons out of the country’s 200 million population lacking access to power, the Energy Progress Report 2022 released…
Ondo communities groan as robberies halt banking operations, frustrate economic activities
A resident of Idoani in the Ose Local Government of Ondo State, Mr Segun Kolawole, is unhappy that he had not been able to enter a banking hall since 2019…
Russia-Ukraine crisis fuels surge in food prices – Buhari
The President, Major General Muhammadu Buhari (retd.), on Saturday in Accra said ongoing invasion of Ukraine by Russia had led to a surge in the prices of many commodities, including…
Maritime workers demand govt’s action as gunmen attack members
Maritime Workers Union of Nigeria has condemned the attack on its members who were on official assignment on Wednesday at Otu Junction, Nnewi South, Anambra State. According to Independent News,…
Motorists slam FG, NNPC as fuel queues hit Abuja again
Fuel queues returned to the Federal Capital Territory on Thursday as motorists spent hours at filling stations waiting to buy the Premium Motor Spirit also known as petrol. This is…
FG suspends N500bn electricity subsidy, tariff surge by 58%
Findings have shown that electricity tariffs increased by 58 per cent after the Federal Government yanked off a yearly subsidy of N500bn to the power sector. Documents obtained by Newsmen…
Titan Trust completes takeover of Union Bank
Union Bank Plc has announced the completion of core investors’ sale of a majority shareholding to Titan Trust Bank Limited, a subsidiary of TGI Group. The bank also announced board…
EFCC frees suspended Accountant-General after two weeks
The suspended Accountant-General of the Federation, Ahmed Idris, has been released by the Economic and Financial Crimes Commission after he was arrested for his alleged involvement in a N174 billion…
Disagreement stalling Customs automation project – Minister
The Federal Government says the $3.1bn contract for the ‘complete’ automation of the Nigerian Customs Service, approved by the Federal Executive Council in 2020, has been upturned. This, it said,…
