The Abuja Electricity Distribution Company (AEDC) has explained that parts of its serviced areas in Abuja,…
Category: Business/Economy
Investors reap N1.2tr amid equities market boom
Investors in the Nigerian equities market gained N1.2 trillion at the close of trading on Thursday.…
PETROAN plots Ojulari’s removal over PH refinery remarks
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has criticized the Group Chief Executive…
BPE affirms World Bank-funded metres for free distribution to end users
Director-General of the Bureau of Public Enterprises (BPE), Dr. Ayodeji Gbeleyi, has affirmed that meters provided…
NNPC lacks capacity to operate refineries profitably, GCEO Ojulari admits
The Group Chief Executive Officer (GCEO) of NNPC Limited, Engr. Bayo Ojulari, has described the re-operationalisation…
Otedola warns of looming ‘disruptions’, as First Holdco restructures
The Chairman of First Holdco Plc, Mr. Femi Otedola, has warned that the company’s ambitious rebuilding…
Senate seeks review of revenue allocation formula, increase federal share
The Senate,on Tuesday, initiated moves to amend relevant provisions of the 1999 Constitution to enable an…
Tinubu seeks World Bank support to boost agriculture, economic reforms
President Bola Tinubu has called on the World Bank to support Nigeria’s ongoing economic reforms, with…
Nigerians to pay more as FG cancels subsidies on electricity
Nigerians may have to pay higher electricity bills as the Federal government ends subsidies, channeling N1.1trillion…
Nigeria’s oil export to shed 225,000 bpd
*As Shell shuts Bonga FPSO for scheduled maintenance Nigeria’s oil exports will fall by 225,000 barrels…