Transcorp Power posts N74.3bn revenue as sector’s finances improve
Transcorp Power Limited, owner of the 972 megawatts capacity power plant in Ugheli, Delta State, has announced revenue growth of N74.3bn in 2021 following the recent improvements in the financial…
Funding hinders anti-corruption fight at ports, says ICPC
The Independent Corrupt Practices and Other Related Offences Commission has blamed limited funding for agency’s inability to effectively fight corruption at the nation’s ports. The anti-graft agency in a statement…
Why CBN can’t float exchange rate –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls and recommendations by the International Monetary Fund, the World Bank and other global financial institutions,…
Dangote Refinery’ll reduce import bill by 40% – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote Refinery will reduce Nigeria’s import bill on petroleum products and other commodities by 40 per cent. He said…
Reps allege cover-up on refineries, summon Sylva, Kyari
The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has summoned the Minister of State for Petroleum Resources, Timipre Sylva, and the Group Managing Director…
Oil price rises as OPEC projects steady demand growth
Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the Organisation of Petroleum Exporting Countries projected that the demand growth for oil would continue this…
High food prices’ll continue in Nigeria, others till 2023 –IMF
The International Monetary Fund says the impact of the war in Ukraine is likely to sustain pressure on commodity prices, affecting oil and gas prices severely in 2022 and food…
Cooking gas price jumps by 83% in one year –NBS report
THE average retail price for cooking gas increased by 83.62 per cent from N2057.71 in March 2021, according to a new report by the National Bureau of Statistics. The report…
SIM-NIN: Telecom consumers set to sue FG, demand policy suspension
TELECOMMUNICATION subscribers under the aegis of the National Association of Telecoms Subscribers have said they are set to drag the Federal Government to court in May in a bid to…
Kuda Bank defends customer’s harassment amid criticisms
KUDA Bank has said the event leading up to one of its customers being forcibly dragged out of its office by law enforcement officers is a result of the customer’s…
131,376 retirees withdraw N32bn, quit pension scheme
AT least 131,376 workers, who retired from active service, cannot be placed on monthly pensions, according to the National Pension Commission. Figures obtained from PenCom show that the affected workers…
External reserves return to growth path, gain $243.83m
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. The CBN revealed in its data on movement in reserves that…
