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By William Emmanuel Ukpoju In a recent turn of events, the Benin Electricity Distribution Company (BEDC) has come forward to address the confusion surrounding its inability to provide consistent power supply to its Band A customers.…
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By William Emmanuel Ukpoju In a recent development, the Economic and Financial Crimes Commission (EFCC) has declared a crackdown on establishments within Nigeria that demand payment in dollars for services rendered. EFCC’s…
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By William Emmanuel Ukpoju In a decisive move to reinforce the stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has issued a new directive that restricts the use of foreign currency as collateral for naira…
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By Patience Chat Moses Africa Data Centres, in partnership with Distributed Power Africa (DPA) in South Africa (SA) has commenced the construction of a solar farm in the Free State. This was revealed in a press statement issued…
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By William Emmanuel Ukpoju In a remarkable financial upswing, Nigeria’s railway transport system has reported a revenue generation of N6.07 billion in 2023, an 8.5% increase from the N5.5 billion recorded in 2022. The National…
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By William Emmanuel Ukpoju FBN Holdings, the parent company of First Bank — one of Nigeria’s premier banks — is gearing up for a significant capital infusion as the group has announced plans to propose a capital raise of up to N300…
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By William Emmanuel Ukpoju In a recent statement, Dele Alake, the Minister of Solid Minerals Development, has expressed the Federal Government’s commitment to supporting mining companies that prioritize local content in their…
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De-facto Subsidy Returns as Petrol Prices Rise Traders Continue to Supply Nigeria Despite Payment Delays Fuel and Power Subsidies Could Shave 3% from GDP in 2024 – IMF Nigeria’s state-owned oil company NNPC is reportedly in…
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Offshore drilling contractor Dolphin Drilling has struck a deal with Lagos-based General Hydrocarbons Limited (GHL), a Nigerian oil and gas player, to boost oil production exercise. The contract is pursuant of past due payment…
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Nigeria still using same transformers since '60s - FG decries decay in power sector The Federal Government has said that gas pipelines have been vandalised, causing a reduction in power generation capacity. Minister of Power, …
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