AMCON takes over Ibadan Electricity Distribution Company over insolvency

The Assets Management Corporation of Nigeria (AMCON) has officially taken over the Ibadan Electricity Distribution Company…

FIRS targets 100% automation of tax administration processes

The Federal Inland Revenue Service (FIRS) is working to achieve 100 per cent automation of all…

FG sets June for decision on petrol subsidy removal

The National Economic Council (NEC) has set June 2022 to take a decision on contentious issue…

Naira in marginal rebound against US dollar, British pound sterling

The Naira rose marginally against the US dollar at the investors and exporters window of the…

Lawyer asks EFCC to probe Ikeja Electric over ‘crazy bills’

A Lagos-based lawyer, Mr. Tope Alabi, has asked the Economic and Financial Crimes Commission (EFCC) to…

Nigeria’s inflation rate rises to 15.63%

*First increase in 8 months Inflation rate in Nigeria increased to 15.63 per cent in December…

Naira declines amid devaluation concerns

The Naira depreciated at the official and parallel markets amid growing concerns that oil revenue fluctuation…

Subscribers to pay more for 5G services

Prospective subscribers to the Fifth Generation (5G) technology, billed for roll-out before the end of the…

Subsidy removal: Experts task FG to urgently fix local refineries

Economic experts have advised the Federal Government to ensure that the local refineries are working optimally…

Gas plant vandalism forces electricity supply down to 2,500mw

Vandalism of gas pipelines has impacted negatively on the national grid power output, dipping supply to…