2024: Ondo State deteriorating, needs to be salvaged – Industrialist
An industrialist, Engineer Henry Famutimi, has raised concern on the economic and infrastructural situation of Ondo State, saying that the state is deteriorating and needed...
NNPC has not commenced lifting of petrol from our refinery – Dangote
Dangote Petroleum Refinery has dismissed reports claiming that the Nigerian National Petroleum Corporation (NNPC) Limited, has commenced lifting of refined petrol from its Refinery. Dangote...
Naira depreciates to N1,611 in NAFEM
The Naira, yesterday, depreciated to N1,611.34 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM, According to data from FMDQ, the indicative exchange rate...
How Nigeria’s External debt servicing rose to $2.78bn — CBN report
Nigeria’s debt servicing in the first seven months of this year rose by 53.63 per cent, or $971.47m, to $2.78bn, up from the $1.81bn recorded...
Electricity consumers lament hike in meters
The cost of a single-phase electricity meter in Nigeria has surged to over N130,000, up from N88,000 in the first quarter of this year, raising...
FG unveils 10-year meter payment plan
The Minister of Power, Adebayo Adelabu, recently clarified that electricity consumers receiving prepaid meters at no upfront cost will have up to a decade to...
The Naira depreciated to N1,615 per dollar in the parallel market yesterday, down from N1,610 per dollar recorded on Monday. In contrast, the Naira appreciated...
Nigeria’s Discos generate N3.95tn revenue in five years
Nigeria’s electricity distribution companies collectively generated about N3.95 trillion in revenue between 2019 and the first quarter of 2024. This was disclosed through NBS data...
Naira rises to N1,600 /$ in parallel market
The Naira gained strength in the parallel market, rising to N1,600 per dollar on Thursday from N1,615 per dollar on Wednesday. In contrast, the Naira...
Why Petrol Queues Won’t Go – TUC President Osifo
Amid recent petrol scarcity in the country, the President of the Petroleum and Natural Gas Senior Staff Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo,...