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CPPE warns reversing economic reforms could harm Nigeria’s economy

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Fuel scarcity: Marketers blame bad roads for distribution delays

The President of the Natural Oil and Gas Suppliers Association of Nigeria, Mr Benneth Korie, has identified inadequate road infrastructure as a key factor contributing to delays in petroleum product distribution. Korie made this disclosure at a press briefing in Abuja on Wednesday, according to The Punch. Korie highlighted the pressing need for improvements in […]

News Oil and Gas

NIPCO, NGML launch power projects in Lagos

NIPCO Gas, in partnership with Nigerian National Petroleum Company Gas Marketing Limited has launched the Lekki Gas Distribution Project and the Lekki Power Plant. The collaboration between NIPCO Gas and NGML began in June 2022 with the aim of supplying and distributing natural gas in the Lekki Gas Distribution Area, according to The Punch. In […]

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20 states govt houses, MDAs owe N144bn electricity debt – EkoDisCo

The acting Managing Director of the Eko Electricity Distribution Company, Mrs Rekhiat Momoh, has revealed that the company is owed ₦144 billion by various ministries, departments, and agencies within its service area. This was disclosed by Mrs. Momoh during a visit by the House of Representatives Committee on Privatisation and Commercialisation to the company’s office […]

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Electricity consumers to spread meter payment over 10 year – Minister 

Minister of Power, Adebayo Adelabu, announced that electricity consumers receiving free prepaid meters will have up to 10 years to repay the cost. This clarification counters previous claims that customers who pay for their meters would receive refunds through energy credit, according to The Punch. Speaking recently in Ibadan, Adelabu acknowledged the rising costs of […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
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Nigeria boosts trade ties, port efficiency with Belgium

Nigeria has become the largest contributor to the Port of Antwerp’s West African freight traffic, with over 6 million tonnes of cargo handled annually. This significant volume underscores the robust trade relationship between Nigeria and this key European maritime hub, reinforcing Nigeria’s position as a pivotal player in regional commerce. This was disclosed in a […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
News

NCC sets September new deadline for NIN-SIM linkage

The Nigerian Communications Commission has announced September 14, 2024, as the final deadline for Nigerians to complete the ongoing SIM-NIN linkage exercise. This was disclosed in a statement signed by its Director of Public Affairs, Reuben Muoka via its official X handle on Wednesday. NCC stated that the target is to achieve 100% compliance by […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple to cut 100 jobs ahead of iPhone 16 launch

Apple is set to lay off approximately 100 employees from its Services division, just ahead of the highly anticipated iPhone 16 launch event on September 9. According to Bloomberg, the layoffs will impact several teams, including those working on the Apple Books app and the Apple Bookstore. Employees were reportedly informed of their job losses […]

News

Group warns Matrix against media suppression amid petrol import probe 

The Centre for Accountability and Transparency, an anti-corruption group, has called on Matrix Energy Limited to reconsider its alleged attempts to suppress media reports concerning accusations of substandard petrol importation into Nigeria. This was disclosed in a statement by CAAT’s Convener, Okwa Dan on Wednesday, where he accused Matrix Energy of trying to intimidate media […]

News

Sanwo-Olu reopens Lagos discount market ‘Ounjè Eko’

Lagos State Governor Babajide Sanwo-Olu has directed the reopening of the “Ounjè Eko” Sunday markets, which will offer a 25% discount on staple food items such as rice, beans, gari, bread, eggs, tomatoes, and pepper. The was disclosed by the Commissioner for Information and Strategy, Lagos State, Gbenga Omotoso, via his official X handle. He […]

Flutterwave, has laid off half of its workforce in Kenya and South Africa as part of a broader cost-cutting strategy
News

Uganda grants Flutterwave payment systems operator license

Nigerian payments technology company, Flutterwave has been granted a Payment Systems Operator license by the Bank of Uganda. This milestone marks a significant step in Flutterwave’s ongoing expansion across Africa, adding Uganda to the list of countries where it operates. Uganda’s digital payment landscape is evolving rapidly, fueled by a youthful and dynamic population—over 78% […]

FG deducts N256.5bn for gas projects in six months
News

Tinubu appoints new executive directors to BOI

President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as Executive Directors of the Bank of Industry. This was disclosed in a statement released on Wednesday by the Head of Public Relations Division of BOI, According to TheCables. BOI said Olayinka Akinde has been appointed as the Executive Director of Corporate Finance and Risk […]

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