Category: featured

How 2023 Electricity Act will boost manufacturing sector – MAN

The newly passed 2023 Electricity Act is expected to benefit the country’s manufacturing industry, according...

Nigeria exchange rate plunges 29% in one day

The official exchange rate between the Nigerian naira and the US dollar concluded at N664.04/$1...

Nigeria ousts Angola as Africa’s top oil-producing country – OPEC

Nigeria is now Africa’s top oil producer, surpassing Angola, whose output was at 1.1 mb/d,...

BREAKING: DSS arrests Emefiele

The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, has been arrested by the...

Phone users hit 233m, add 2.5trn to GDP – NCC

The National Communications Commission has stated that as of April 2023, there were 223.8 million...

NNPCL to reduce fuel import from August

  The Nigerian National Petroleum Company has revealed that it would cut down on fuel...

Air Peace sues NLC, TUC N1.7bn for service disruption

The management of Air Peace airline has dragged the Nigeria Labour Congress and Trade Union...

Private Nigerian firms to begin fuel importation June 2023 – NNPCL

As the Nigerian National Petroleum Company Limited prepares to discontinue crude oil exchange contracts and...

Reps permit NIMASA to distribute $360m cabotage fund

The $360 million Cabotage Vessel Finance Fund will now be distributed to eligible Nigerian shipowners...

BREAKING: CBN denies naira devaluation

The Central Bank of Nigeria on Thursday, June 1, has denied devaluing the naira.  ...

BREAKING: NNPCL confirms new petrol pump price increase

  The Nigerian National Petroleum Company Limited has confirmed the increase of the petrol pump...

Nigeria spent $74bn on fuel subsidies 16 years – NEITI

The Nigeria Extractive Industries Transparency Initiative has revealed that Nigeria spent $74.39 billion, or N13.69 trillion,...