Some district of Lagos State have been plunged into darkness following some faults detected along the…
Category: Business/Economy
Compel depot owners to sell petrol at official price, IPMAN urges FG
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal government to compel…
Federal agency confirms another oil spill in Rivers community
* Firm alleges sabotage The National Oil Spills Detection and Response Agency (NOSDRA) has confirmed an…
Naira appreciates against dollar, Euro, Pound as FX supply rises
Nigerian Naira strengthened against the US Dollar at the Investors and Exporters (I&E) segment of the…
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…