Twenty-one states, including Rivers and Kano, are yet to assume regulatory control of their electricity markets nearly three years after the enactment of the Electricity Act...
Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, underscoring the country’s growing reliance on foreign...
The World Bank has raised concerns over Nigeria’s fiscal framework, revealing that more than N34.53 trillion was diverted from federation revenue over the past three years...
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...
