Category: featured

Nigeria’s economy to hit $1.85tn in five years – IMF

The International Monetary Fund has projected that by 2029, Nigeria’s Purchasing-Power-Parity-based GDP share of the...

FG denies proposing N105, 000 new minimum wage

The Presidency has characterized as fake the story making the rounds that the Minister of...

Cooking gas price crash amid export ban – Marketers

The Federal Government’s ban on the export of Liquefied Petroleum Gas, also known as cooking...

Nigeria to save $4.4bn by switching to compressed natural gas

The Federal Government of Nigeria has declared that by switching to compressed natural gas, the...

OpenAI restores ChatGPT after major outage

OpenAI has successfully restored its widely-used AI chatbot service, ChatGPT, following a significant global outage...

Companies on tax breaks rise to 104 – NIPC

The Federal Government acting through the Nigerian Investment Promotion Commission has awarded new tax breaks...

CBN clears $831m foreign airlines’ trapped funds – IATA

The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared...

7.3 million Nigerians yet to get electricity meters – FG

The latest update on metering by the Federal Government has shown that 609,585 electricity consumers...

IMF’s recommendations misconstrued in Nigeria – Christian Ebeke

The International Monetary Fund resident representative for Nigeria, Christian Ebeke raised concerns over the misapplication...

FG receives $500m W’Bank loan for power distribution

The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution...

Tarrif hike: DisCos sweat as manufacturers insist on old rates

Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to...

NNPC discovers 122 illegal refineries, seals fuel station

The Nigerian National Petroleum Company Limited has discovered a total of 122 illegal oil refining...