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Nigeria’s refineries lose 218 workers, post N69bn loss
The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive...
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FG budgets N947bn for infrastructure, experts kick
The Federal government has allocated the sum of N946.8bn to modernise infrastructure across the federation. This was revealed after an...
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African Oil Refiners Bank on Eight Refinery Projects to Increase Aviation Fuel
The African Refiners and Distributors Association (ARDA) has said that about eight ongoing refinery projects on the continent will significantly...
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Kogi claims Obajana plant ownership, Dangote, MAN kick
The Kogi State Government has said that it will be ready to enter into negotiations once Dangote Group is ready...
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Budget: Reps approve N8.4tn borrowing, N6.3tn debt service
The President, Major General Muhammadu Buhari (retd.), will on Friday (today) lay the 2023 Appropriation Bill before a joint session...
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CBN grants Xpress Payments mobile money licenceCb
A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank...
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‘60% Nigerian startups fail due to poor leadership’
A Non-governmental Organisation, Second Chance Care Foundation, has said more than 60 per cent of Nigerian startups fail within the...
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OPEC eyes oil price hike, 2mbpd cut
The price of Brent, the global benchmark for crude, gained $1.62 by rising to $93.4/barrel at 6.23pm Nigerian time on...
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Motorists lament as fuel queues resurface in Abuja
Queues for the Premium Motor Spirit, popularly called petrol, resurfaced in Abuja on Tuesday, causing motorists to lament the incessant...
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W’Bank projects 102% debt service, revenue for Nigeria
The World Bank has said that public debt in Nigeria is concerning due to the rising debt service-to-revenue ratio. According...
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United Airlines Allegedly De-boards Nigerian Passenger over Complaint of Poor Aircraft Facility
A Nigerian passenger, Taylor Alfred Oladotun was allegedly de-boarded from a flight operated by United States mega carrier, United Airlines...
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IMF Calls for Rapid Response on Food Security
As the war in Ukraine intensifies, acute food insecurity is threatening the lives and livelihoods of 345 million people, the...
Read moreOPEC Mulls Highest Cut in Two Years, May Reduce Oil Production by 1m bpd
The Organisation of Petroleum Exporting Countries (OPEC) may cut oil production output by as much as 1 million barrels per...
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N120bn CBN Intervention: Experts Seek Focus on Local Meter Manufacturing
Various stakeholders in the Nigerian power sector have lauded the intervention of the Central Bank of Nigeria (CBN) over its...
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Abuja-Kaduna train remains shut, says FG
The Federal Government has said that the Abuja-Kaduna rail lines will remain shut until those held captive by bandits are...
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Economists forecast naira slide, inflation as campaigns begin
Economists have warned that Nigeria’s ailing economy might be worsened as political parties and their candidates begin electoral campaigns for...
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Maritime workers threaten service withdrawal over dilapidated quays
Weeks after the Minister of Transportation, Muazu Sambo, inspected the dilapidated portion of the Tin Can Island quay apron in...
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Stock investors record N14bn gain
The stock market ended the session with a bullish trend as the market rebounded with a gain of N14bn on...
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Gridlock major challenge facing Lagos, says cleric
The Senior Pastor, Enthronement House Christian Centre, Rev. Deji Olabode, has expressed concerns over the traffic challenge facing Lagos. He...
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Businesses face crunch, CBN raises rate to 15.5%
In consideration of the galloping global and local inflationary levels, the Monetary Policy Committee of the Central Bank of Nigeria,...
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Remove petrol subsidy, implement PIA, LCCI tells FG
The Lagos Chamber of Commerce and Industry has advised the Federal Government to remove fuel subsidies and implement the Petroleum...
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Agusto & Co: Renewable Energy Will Attract $472bn Investment in 2022
As the net-zero carbon emissions ambition of world leaders is accelerating the global shift away from hydrocarbon-based energy sources, $472...
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37 firms get licences to produce 762.3MW
Fresh licenses and permits have been issued to 37 companies to produce a total of 762.3 megawatts of electricity in...
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Nigeria’s economic outlook uncertain, welfare worsening – W’Bank
The World Bank has said that Nigeria’s economic outlook is uncertain and its ability to attract domestic and foreign investments...
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Oil price falls to $86/barrel
Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on...
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