The Nigerian National Petroleum Company Limited (NNPCL) has again reduced the pump price of Premium Motor…
Category: Business/Economy
Naira suffers minor setback in official FX market, trades at N1,528.56/$1
The Naira, on Friday, suffered a slight depreciation in the official forex market, trading at N1,528.56…
Nigerian banks resume use of Naira debit card abroad as dollar supply improves
Some commercial banks in Nigeria have lifted over three-year freeze on the use of Naira-funded debit…
NERC reports 10.92% increase in power generation for Q1 2025
Nigeria’s power supply capacity surged by 10.92% in the first quarter of 2025, driven by improved…
Nigeria loses $25bn annually to lack of electricity, REA boss laments
The Managing Director of Rural Electrification Agency (REA), Abba Aliyu, lamented on Friday that Nigeria loses…
NIPOST accuses courier firms of smuggling arms, drugs disguised as deliveries
The Nigerian Postal Service (NIPOST) alleged on Friday that some courier operators now hide under the…
UK govt okays duty-free access to 3,000 Nigerian products under new trade deal
The United Kingdom has announced that over 3,000 Nigerian products, including cocoa and cashew, can now…
Otti appoints Sam Amadi as Chair of Abia Advisory Council on electricity
Abia State governor, Dr. Alex Otti, has appointed Dr. Sam Amadi as Chairman of the 10-member…
WHO canvasses 50% tax hike on sugary drinks, alcohol, cigarettes
The World Health Organisation (WHO) has advised Nigeria and other member countries to raise the prices…
FG sells Ibadan DisCo for N100bn
The Federal government, through the Asset Management Corporation of Nigeria (AMCON), has announced the sale of…