Nigeria needs accurate data for successful energy transition — FG
The Federal Government has highlighted the need for accurate, reliable, and timely energy data to effectively guide and monitor the country’s energy…
News
Food inflation worsen as imported rice prices rise by 144.77%
The price of imported high-quality rice, sold loose, has surged by 144.77% year-on-year, reflecting the growing challenges in Nigeria’s food market. This…
Trade minister vows to harness AfCFTA for economic growth
The newly appointed Minister of Industry, Trade, and Investment, Jumoke Oduwole, has pledged to leverage the African Continental Free Trade Agreement to…
Protesters storm NNPC Headquarters, demand end to adulterated fuel imports
A crowd of protesters stormed the National Petroleum Company Limited headquarters in Abuja on Monday, demanding an end to the importation of…
Fitch projects rise in Nigerian banks’ non-performing loans
Credit ratings agency, Fitch has projected an increase in non-performing loans among Nigerian banks in 2024, attributing this trend to rising interest…
French families sue TikTok for exposing children to ‘harmful content’
Seven French families have filed a lawsuit against TikTok, claiming the platform exposed their adolescent children to harmful content, which contributed to…
Lagos-Calabar highway: Property owners to get N18bn, says Umahi
The Federal Government has increased compensation for property owners impacted by Section 1 of the Lagos-Calabar Coastal Highway project from N8 billion…
Oil prices surge amid OPEC+ output delay
Oil prices surged on Monday, with Brent futures rising by $1.18, or 1.61%, to $74.28 per barrel, and U.S. West Texas Intermediate…
W’Bank projects drop in global commodity prices by 2025
The World Bank has projected a significant decline in global commodity prices, expecting them to reach a five-year low in 2025, driven…
Lagos, developers meet over distressed buildings redesign
The Lagos State Government has announced plans to hold a meeting with developers and owners of distressed buildings to discuss strategies for…
Google cloud records 35% growth in 2024 Q3
Google’s cloud business has shown impressive growth, achieving a 35% increase year over year in Q3, reaching $11.35 billion. This growth rate…
Nigeria, Morocco plan $26bn African Atlantic gas project
The Nigerian National Petroleum Company Limited and Morocco’s Office National des Hydrocarbures et des Mines made significant progress on Friday toward the…