The Nigerian Electricity Regulatory Commission has fined the Abuja Electricity Distribution Company (AEDC) N1.69 billion for overcharging its customers. The fine, detailed in Order NERC/2024/114, was…
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President Bola Tinubu has expressed satisfaction with the recent National Bureau of Statistics report, which revealed Nigeria achieved another trade surplus of ₦6.95 trillion in the…
The Nigerian Exchange Limited (NGX) began the week on a downturn, with investors facing a loss of ₦111 billion on Monday. The NGX market capitalisation, which…
The Naira gained ground against the Dollar at both foreign exchange markets to kick off the week. According to FMDQ data, the Naira strengthened to ₦1580.46…
On Monday, NNPC Limited announced that it had signed an agreement with its joint venture partner, Chevron Nigeria Ltd (CNL), to convert five of its JV…
The Minister of Solid Minerals Development, Dr Oladele Alake, has signed a $ 1 billion iron ore steel deal project between Nigeria and China. The project…
Governor Babajide Sanwo-Olu of Lagos signed a Memorandum of Understanding (MoU) with the Ministry of Finance Incorporated (MOFI) and China Harbour Engineering Company (CHEC) in China…
Energy expert Omonigho Otanocha has called on the government and petroleum product importers to convert their depots into crude storage facilities, following the Nigerian National Petroleum…
The Nigerian Union of Petrol and Natural Gas Workers (NUPENG) has commended the Dangote Refineries for the momentous start of producing Premium Motor Spirit, hailing it…
Aliko Dangote, the owner of a Lagos-based refinery, announced on Tuesday that the Federal Executive Council (FEC) will determine the pricing of petrol produced at his…