The Senate, on Wednesday, passed the Electricity Bill, 2022. The bill’s passage was sequel to the…
Category: Business/Economy
Naira appreciates against US dollar as forex supply jumps 301.3%
The Naira, on Tuesday, recorded a 1.16% rise in value against the US Dollar in the…
Power grid collapses again, whole country in darkness
For the 5th time this year, the national electricity grid collapsed again on Wednesday, plunging the…
New petrol price not authorised by NNPC, says spokesman
After weeks of fuel scarcity in some parts of the country, reports emerged Tuesday that the…
Soludo hosts CBN reps, canvasses shift to agric-driven economy
By Christian Aburime Anambra State governor, Professor Chukwuma Soludo, has called on the Central Bank of…
NEITI applauds NNPC transition
The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with high expectation, the transition of the…
CBN raises interest rate again, second time in 2022
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the benchmark…
Power supply to drop again, TCN notifies Lagos consumers
The Transmission Company of Nigeria (TCN) has announced that power supply will drop by 50 megawatts.…
FG quietly okays petrol pump price hike to N179/litre
The Nigerian National Petroleum Company (NNPC) Limited has approved an upward review in the pump price…
Banks adjust forex sale policy as dollar scarcity persists
Commercial banks have reviewed their policy on forex sales to Nigerian students abroad and travelers. Quarterly…