Business & Economy
AEDC, Daystar, Wood Factory seal deal to provide uninterrupted power supply in Abuja
The Abuja Electricity Distribution Plc (AEDC) has agreed to agreed to partner with Daystar Power Solutions Limited (Daystar Power) and...
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Electricity tariff: NERC halts hike by DISCOs, as FG approves N1.6trn subsidy in 2024
Despite the publication of the multi-year tariff order for 2024, the Nigerian Electricity Regulatory Commission (NERC) on Wednesday said the...
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CBN clears $2bn FX transactions backlog; warns against abuses
To clear the backlog of outstanding foreign exchange liabilities, the Central Bank of Nigeria (CBN) says it has paid approximately...
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Kyari at OAU lecture; advocates academia-industry collabo for energy sufficiency, sustainability
Active collaboration between the academia and the oil and gas industry will drive Nigeria’s quest to achieve energy sufficiency and...
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Consortium of five indigenous oil, gas firms unfolds plan to acquire SPDC interests
Top Nigerian indigenous oil and gas companies under the Renaissance Africa Energy Consortium have announced plans to acquire the Shell...
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Soaring Inflation: CSR faults govt‘s handling; demands a wholistic approach
With headline inflation soaring to an average of 28.92 percent last December, a socio-economic rights group, Centre for Social Justice...
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Despair in economy, as Nigerians battle inflation at 28.92%
There is massive hopelessness and despair in the economy as the latest consumer price index show Nigerians would have to...
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MOFI resumes full control of govt. shares in 11 DISCOs; clarifies withdrawal of power of attorney from BPE
Ministry of Finance Incorporated (MOFI) has restructured and fully taken control of the Federal Government 40 percent equity holding in...
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ALSCON: BFIG tackles former DG BPE over alleged attempt to defraud FG of €100m; demands retraction, apology
BFIGroup has written to the embattled former Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, to demand immediate...
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AFREXIMBANK disburses first tranche of $3.3bn to NNPC Ltd., amid criticisms
African Export-Import Bank (AFREXIMBANK) has announced the successful disbursement of the initial tranche of the syndicated $3.3bn crude oil prepayment...
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