The Nigerian currency – Naira – exchange rate to the dollar closed at N421.33/$1 at the…
Category: Business/Economy
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…
AEDC apologises as national power generation stands at abysmal 2,400mw
Nigeria’s electricity woes continued at the weekend with 15 power plants producing a total of 2,497.40…
IPMAN mulls hike in petrol pump price to N180 per litre in South West
…Over high cost of delivery The South West zone of the Independent Petroleum Marketers Association of…
FG promises improved power supply from July 1
Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, has predicted that Nigerians will witness…
Nigeria’s inflation rate climbs to 17.71%
Nigeria’s inflation rate increased to 17.71 percent on a year-on-year basis in May 2022, according to…
Soludo urges FG to re-think fuel subsidy retention
…As World Bank predicts it may gulp N5tr in 2022 Anambra State governor, Prof. Chukwuma Soludo,…
Bonny Light price slides to $126 pb
* Amid Coronavirus resurgence in China The price of Bonny Light – Nigeria’s premium oil grade…