Embattled Eko DISCO CEO opens up, exposes the rot she inherited
Embattled Managing Director and Chief Executive Of Eko Electricity Distribution Company (EKEDC), Dr. Tinuade Sanda on Wednesday formally opened up on allegations that she had been sacked due to poor…
Sell-offs in MTN, others drag NGX market capitalisation down by N673bn
The Nigerian equity market on Wednesday experienced a downturn, losing N673 billion in market capitalisation due to sell-offs in major stocks like MTN Nigeria and Transcorp Hotel Specifically, the market…
FG revokes 924 dormant mining licenses, gives defaulters ultimatum
In furtherance of efforts to sanitise the mining sector, the federal government has revoked 924 dormant licenses spanning exploration, mining, small-scale mining, and quarrying Licenses Making the announcement on Wednesday…
$500 million industry fund: Lokpobiri, Wabote trade strong fraud allegations
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has insisted that the Nigerian Content Development and Monitoring Board (NCDMB), under its former executive secretary, Simbi Wabote, “wasted” over $500…
FX liquidity: CBN approves sale of additional $10,000 to 1,583 eligible BDCs
April 23, 2024 The Central Bank of Nigeria has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De Change (BDCs) operators in the country to meet…
Functional refineries can solve Nigeria’s forex crisis – Oborevwori
Delta State Governor, Rt Hon Sheriff Oborevwori has said that making refineries in Nigeria work again would save the nation foreign exchange for fuel importation. Governor Oborevwori stated this…
NNPC Ltd, Partner Pump 12,000bpd from Awoba Unit Field
Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint…
CNG vehicles to crash prices as PCNGI gets NMPDRA concession
The Nigerian Mainstream And Downstream Petroleum Regulatory Authority (NMPDRa) has reiterated its commitment to supporting the efforts of the Federal Government through the Presidential Compressed Natural Gas Initiative…
Nigeria seeking up to $2.25 bln in World Bank loans – Minister
April 22, 2024 Nigeria is seeking up to $2.25 billion in World Bank loans and expects the bank’s board to approve the request in June, the government said in a…
Obi faults N2.8trn Coastal Highway Project, says, it’s not a priority
The 2023 Presidential flag-bearer of the Labour Party, Peter Obi has taken a dig at the Coastal road project of this administration saying the timing is wrong and is not…