Category: featured

Blackout hits Abia over geometric power plant gas shortage

Most parts of Aba, the commercial hub of Abia State, have been without power for...

Nigerian airspace completely covered by radar, says NAMA

The Nigerian Airspace Management Authority affirms that the Nigerian airspace is completely covered by radar....

Inflation rate surges to 33.95% in May 2024 – NBS

Nigeria’s annual inflation rate rose to 33.95 percent in May, marking the fourth consecutive month...

Court discharges embattled Binance exec Gambaryam

The Federal High Court on Friday freed Tigran Gambaryan, a 39-year-old American, and Nadeem Anjarwalla,...

NNPC seeks end of suit challenging ExxonMobil’s $1.28bn asset divestment

The Nigerian National Petroleum Company Limited has moved to end its current legal action against...

Dangote Refinery to establish terminal in the Caribbean to ease export

Dangote Refinery intends to establish a terminal in the Caribbean to export petroleum products to...

Equity market loses N92bn as stocks tumbles

The Nigerian equity market suffered a loss of N92.32 billion on Tuesday, driven by dips...

Companies’ tax payments to FG decline 12% in Q1

Tax payments from Nigerians and international companies fell by 12% in the first quarter of...

We contributed $550m to Afrexim Bank loan facility – Oando

Oando Plc has stated that it contributed $550 million to the $925 million released to...

Nigeria’s GDP per capita could rise to $1,120 in 2029 – IMF

Nigeria’s GDP per capita is predicted to reach $1,120.67 by 2029, according to the International...

Renewable energy to attract $2tn investment in 2024 – Report

Renewable energy sources are likely to attract $2 trillion in worldwide investment in 2024, out...

Multichoice fined N150m over DSTV, GOtv price hike

Multichoice Nigeria has been fined N150 million by the Competition and Consumer Protection Tribunal for...