Nigeria’s electricity sector remains one of the most critical yet troubled components of its economy. Despite decades of reforms, including the landmark Electricity Act 2023, the...
The Federal Government, through the Nigerian Electricity Management Services Agency, has raised the alarm over the increasing number of fire incidents linked to improperly installed rooftop...
The decision by Iran to reclose the Strait of Hormuz has dampened hopes that fuel prices would crash in Nigeria. The Strait of Hormuz was opened...
The Transmission Company of Nigeria (TCN) has declared a force majeure on the Ikeja West–Osogbo 330kV transmission line after a severe rainstorm knocked down a critical...
A development economist, Banji Oyelaran-Oyeyinka, has blamed the failure of the Ajaokuta Steel Company on poor leadership, corruption and policy inconsistency. Oyelaran-Oyeyinka made this known while...
The Central Bank of Nigeria (CBN) on Friday announced the introduction of the Nigerian Overnight Financing Rate as a new benchmark for the country’s money market,...
Ogun State Governor, Dapo Abiodun, says the Olumo Rock Tourist Centre in Abeokuta was shut down and refurbished to reposition it for improved tourism value and...
The Federal Government on Thursday declared that it has no plan to approach the International Monetary Fund to borrow from the estimated $50bn, which the IMF...
Airtel Nigeria has announced the temporary suspension of its airtime and data credit services, which previously allowed eligible prepaid customers to borrow airtime or data and...
There are fresh indications that contractors owed by the Federal Government for capital projects executed in the 2024 fiscal year may soon receive part payment, as...
