Naira inches closer to N1,000/$1 mark, trades at N1,142/$1 in official window

The Naira inched closer to the N1,000/$1 mark at the official window as the domestic currency…

Power Minister gives condition for electricity tariff to drop

The Minister of Power, Adebayo Adelabu, has said the Naira continuing to appreciate against the dollar…

Power generation loses 32.31%, dips to paltry 2,775mw

Amidst the dust raised by the new electricity tariff at the backdrop of inadequate power supply,…

NNPC promises increased gas production to help stabilize Naira

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has promised…

Sam Ohuabunwa appointed President of Africa Economic Summit 2024

The Africa Economic Summit Group (AESG) has unveiled its powerhouse leadership team for the Africa Economic…

Tinubu’s govt secures $750m World Bank loan to boost power supply

The Federal government has secured a $750 million loan from the World Bank to provide subsidy…

FG still subsidizing electricity despite Band A tariff hike, Power Minister Adelabu claims

The Minister of Power, Adebayo Adelabu, has said that the Federal government is still subsidizing electricity…

Bank directors urge CBN to scale recapitalization with int’l exposure

The Chairman, Board of Bank Directors Association of Nigeria (BDAN), Mustafa Chike-Obi, has appealed to the…

Blackout: Over 20,000 Edo residents file petition against BEDC

* Urge NASS to intervene No fewer than 20,000 residents and numerous business owners in Ughiole…

FG fashions plans for varsities, teaching hospitals to generate own electricity

The Federal government has unfolded its plan for the federal universities and teaching hospitals nationwide to…