FG mulls ban on 60,000-litre tankers amid rising accidents
The federal government announced on Wednesday that it is considering banning 60,000-litre petroleum trucks due to the rising number of tanker accidents,…
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Recapitalisation may push tier-3 banks into mergers – Fitch
Fitch Ratings has warned that Nigeria’s tier-3 banks may have to pursue mergers, acquisitions, or licence downgrades to meet the Central Bank…
Energy infrastructure vandalism threatens Nigeria’s economy – NNPCL
The Nigerian National Petroleum Company Limited has again warned that the continuous vandalism of vital national assets—such as oil and gas pipelines,…
Industries dump national grid for other power sources – Minister
The Minister of Power, Chief Adebayo Adelabu, emphasized the need to restore confidence in Nigeria’s central power supply as industries increasingly shift…
Tariff hike won’t solve power crisis, consumer group warns FG
Many electricity consumers in Nigeria are concerned that increasing tariffs without first improving power supply will not solve the country’s electricity challenges.…
FG vows to revive textile industry, ensure fair competition
The Federal Government of Nigeria has pledged to revitalize the nation’s textile industry and implement policies that ensure a level playing field…
Chevron to cut 20% workforce in cost-saving plan
Chevron plans to cut 15% to 20% of its workforce as part of a cost-reduction strategy, aiming to save $2 billion to…
Google warns of US power crisis in AI race with China
The United States is grappling with a power capacity crisis as AI development fuels surging energy demand, warns Maud Texier, Google’s head…
FG to reform cooperative sector for growth, cohesion – Minister
The Federal Government of Nigeria is actively pursuing reforms to revitalize the nation’s cooperative sector, aiming to bolster economic growth, enhance social…
Adobe unveils Firefly video model, announces subscription
Adobe has introduced the first public version of its artificial intelligence-powered video-generation tool, the Firefly Video Model, while also disclosing its initial…
Global EV sales rise by 18% in January
Global sales of electric and plug-in hybrid vehicles increased by 18% year-on-year in January, marking the first time since February 2023 that…
Power crisis worsens as National grid collapses again
Nigeria experienced yet another national grid collapse on Wednesday, leaving many parts of the country without electricity. The collapse occurred shortly after…