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NSDC mobilises $1bn for sugar self-sufficiency

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Oil and Gas

IPMAN urges filling station owners to adopt strict fire safety measures

The Independent Petroleum Marketers Association of Nigeria has called on filling station owners to adopt effective fire safety measures to prevent fires and minimize loss of lives and property. The Chairman of IPMAN’s Enugu Depot Unit, Mr. Chinedu Anyaso, made this disclosure on Sunday in Enugu, stressing the importance of fire precautions in the oil […]

Economy

Rewane warns of deeper structural issues amid Nigeria’s rising inflation

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed concerns over Nigeria’s rising inflation, describing it as a sign of deeper structural issues in the economy. Rewame made this disclosure on Monday during a live appearance on Channels Television’s Business Morning. He noted the recent inflation data, which showed troubling increases in both […]

Fuel prices drop in Niger Republic as Nigeria supplies petrol
News

Fuel prices drop in Niger Republic as Nigeria supplies petrol

The price of Premium Motor Spirit (petrol) in Niger Republic has begun to decline following fuel shipments from Nigeria, The PUNCH reports. Residents in border communities and security sources confirmed that hundreds of petrol tankers from Nigeria have been making their way into Niger Republic, easing the country’s fuel crisis. On March 16, 2025, Sunday […]

Energy

NASENI partners energy firm to manufacture, distribute CNG kits

Adeayworld Energy Limited has announced a partnership with the National Agency for Science and Engineering Infrastructure to manufacture and distribute compressed natural gas kits in Nigeria. This collaboration aims to promote the use of CNG as an alternative fuel, supporting cleaner energy solutions and reducing reliance on traditional fuels. This was disclosed in a statement […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC reaffirms commitment to protecting investors

The Securities and Exchange Commission has reiterated its commitment to protecting investors in Nigeria’s capital market by cracking down on fraudulent activities. The Director-General of SEC, Dr. Emomotimi Agama, emphasized that operators involved in unethical practices will face strict penalties, as the Commission remains focused on safeguarding investor interests. “So, clearly for us, it is […]

Energy

Renaissance denies reports of gas explosion at Rivers plant

Renaissance, an indigenous oil and gas company, has officially denied reports of a gas explosion at its gas plant in Rivers State on Sunday. The was disclosed in a statement by the Communications Manager at Renaissance, Bamidele Odugbesan. This comes after earlier claims suggesting a blast at the Soku Gas Pipeline, which Renaissance operates. The […]

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Power outage hits eight embassies in Abuja

A power outage has impacted at least eight embassies and several residential estates in Abuja. The electricity distribution company attributed the disruption to a technical fault on the feeder supplying the affected areas. AEDC disclosed that the latest in a series of recurring blackouts in the Federal Capital Territory affected the embassies of the United […]

US senators demand Meta probe over chatbot child safety concerns
Tech

AI Chipmaker FuriosaAI turns down $800m offer from Meta

Korean chip startup FuriosaAI has rejected an $800 million acquisition offer from Meta Platforms Inc., opting to continue growing as an independent company, according to a source familiar with the matter. Meta began acquisition talks with Seoul-based FuriosaAI earlier this year, according to a person with knowledge of the matter who requested anonymity due to […]

MultiChoice denies DStv, GOtv subscription prices claims
Business

NGO slams MultiChoice over ‘exploitative’ DStv, GOtv price hike

A Non-Governmental Organisation, Save the Consumers, has strongly condemned the recent 2 per cent price hike implemented by MultiChoice Nigeria on its DStv and GOtv services, effective March 1, 2025. The group, which advocates for consumer rights, described the increase as unjustifiable, especially when compared to MultiChoice’s simultaneous decision to slash prices by up to […]

Housing

AIHS partners finance ministry to push affordable housing finance 

The Africa International Housing Show has announced a strategic partnership with the Ministry of Finance Incorporated to organize a one-day stakeholders engagement and enlightenment programme focused on MOFI’s intervention initiatives. The stakeholders engagement and enlightenment programme with MOFI is scheduled to take place during the 19th edition of the Africa International Housing Show set for […]

News

FG to introduce standard operating code for Zamfara gold mining

The Federal Government has announced plans to regulate gold exploration in Zamfara State through the introduction of a standard operating code designed to create a more organized and transparent mining process. This was disclosed by the Minister of Solid Minerals Development, Dele Alake, during a press briefing marking the first anniversary of the Mining Marshals—a […]

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