Discos reject 2,495.3MW in one week – Report
A total of 2,495.3 megawatts of electricity was not utilised nor distributed by power distribution companies in one week, despite the demand for electricity nationwide, industry data obtained from the…
AfDB predicts energy, food price hikes in Nigeria, others
The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy prices, and rising costs of food baskets, could worsen in…
FAAN to introduce ‘park and pay’ at Abuja airport
The Federal Airports Authority of Nigeria is getting set to introduce the park and pay scheme at the Nnamdi Azikiwe International Airport, Abuja. It said the aim of the initiative…
Bakers hike bread price again, cite forex crisis, others
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have said they will increase the price of bread, effective Monday (today). The President of the association, Emmanuel Onuorah,…
Investment in agric, oil sectors’ll boost economic growth –Dangote
The President of Dangote Group, Aliko Dangote, has said that investment in agriculture and oil sectors will boost economic growth. A statement said he spoke when he led board members…
Lagos blue line rail 90% completed – Sanwo-Olu
The Lagos State Governor, Mr. Babajide Sanwo-Olu, has said that works on both the Blue and Red line rails are at 90 per cent completion. This was made known in…
Digital banks not tackling financial crime –UK regulator
Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. According to CNBC, the Financial Conduct Authority published the findings…
Nigeria’s crude oil production rigs drop by 37.5%, says OPEC
The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to just 10 operational rigs in March 2022, the Organisation of Petroleum Exporting Countries has…
Fuel subsidy more beneficial to rich Nigerians – Financial expert
In this interview, the Executive Director, Cordros Capital, Femi Ademola, speaks on investment decisions, fuel subsidy and foreign direct investments into Nigeria Many low-income earners usually look for investment areas…
Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 – Report
Nigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to an analysis of data on actual external debt…
Beans, tomatoes, yam record 40% price hike –NBS
The average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and February 2022, data from the National Bureau of Statistics show.…
Uzodinma declares illegal refinery owner wanted as explosion kills many
No fewer than 100 people died on Friday night after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area of Imo State. Six vehicles were also…
