Economy
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Banks, AMCON takes over Four Discos
Four electricity Distribution Companies (DisCos) are to be managed by new boards following their takeover by banks and the Assets…
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Reps To Probe Quality of Toilet Disinfectants In Nigeria
The House of Representatives on Tuesday called on the Federal Competition and Consumer Protection Commission to appear before it over…
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Selling Petrol At N165 Unrealistic, Says IPMAN As Scarcity Hits Lagos
. It was one of the unusual days in Lagos on Monday as many residents spent hours waiting on queues…
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Nigerians to enjoy improved power supply from July 1 – NERC
Mr Sanusi Garba, Chairman, Nigerian Electricity Regulatory Commission (NERC), says Nigerians will witness improved power supply from July 1 following…
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National electricity grid crashes from 3,703MW to 9MW, says FG
Figures obtained on Monday from the Nigeria Electricity System Operator, an arm of the Federal Government’s power transmission company, showed…
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External Reserves Buckle Below CBN’s $42 Billion Target
By EHIME ALEX Nigeria’s foreign reserves are hovering below the threshold the Central Bank of Nigeria (CBN) sets to achieve…
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FG: ‘High grade’ lithium deposit discovered in Kwara
The federal government says “high grade” lithium has been discovered in Kwara state.The Cable reports Abdulrazaq Garba, director-general, Nigerian Geological…
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Nigeria’s electricity grid collapses again
The federal government said the latest dip in electricity generation in the country is as a result of a partial…
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Lagos ports collapsing, cargo diversion to West African countries imminent
There are indications that the nation may soon start experiencing more cargo diversions to neighbouring West African ports as well…
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CBN raises interest rate to 13% — first time in over five years
The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which…
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