Nigerian Naira strengthened against the US Dollar at the Investors and Exporters (I&E) segment of the…
Category: Business/Economy
Reps probe $49m for rehabilitation of refineries amid fuel scarcity
The ad hoc committee of the House of Representatives investigating the state of refineries in the…
5G network licensees get Aug 24 rollout date
The Nigerian Communications Commission (NCC) has 5G licensees August 24, 2022 as rollout date for the…
Senate raises panel to probe Shell over Joint Venture breach, seeks $200m refund to FG
The Senate, on Wednesday, constituted an ad-hoc committee to investigate Shell Petroleum Development Company (SPDC) over…
Ending fuel subsidy will free Nigeria’s economy from bondage, argues NEITI boss Orji
The Nigeria Extractive Industries and Transparency Initiative (NEITI) has reiterated its position on the removal of…
FG to decentralize national grid, invest $550m in power sector
President Muhammadu Buhari said on Tuesday that the Federal government has commenced the decentralisation of the…
Naira closes N421.3/$1 as FX supply drops to two month low
The Nigerian currency – Naira – exchange rate to the dollar closed at N421.33/$1 at the…
Power sector privatization a complete failure, NLC declares
The Nigeria Labour Congress (NLC) has declared the privatization of Nigeria’s power sector a catastrophic failure…
FG can’t intervene in rising cost of diesel, aviation fuel, Minister Sylva declares
The Federal government is not in a position to intervene in the rising price of diesel…
Petrol scarcity bites hard in Lagos
Petrol queues, on Monday, resurfaced in most parts of Lagos State following the decision by some…