NUPRC commences 2022 mini-bid round
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced the commencement of its 2022 mini-bid round. The Commission’s Chief Executive...
business
FG disburses N173bn for nationwide fuel price equalization amid persisting scarcity
The Federal Government disbursed about N173.2 billion for equalizing over 11.6 billion litres of Premium Motor Spirit, popularly called petrol,...
Rising energy cost affecting broadcasting in Nigeria – BON
The Broadcasting Organisation of Nigeria, BON, has said soaring energy costs are affecting the operation and revenue of broadcasters. In...
Investment in tech key to economic growth – Osinbajo
The Vice President, Prof Yemi Osinbajo, SAN, said investment in technology is key to achieving economic growth. According to the...
Expert reveals key considerations to unpack in Nigeria’s 2023 Budget
An economic expert has identified six critical considerations for the N21.88 trillion 2023 National Budget. The Regional Senior Partner, Nigeria...
Nigeria’s rising debt profile spells doom for incoming government – Experts
Nigeria’s swelling debt profile without a commensurate infrastructural development has become of great concern to many Nigerians. For economic experts,...
Mass disconnection looms over N96bn DisCos customers’ debts
Following the N95.8 billion owed by customers, there are indications that all electricity distribution companies (DisCos) may embark on mass...
Nigeria’s power generation capacity in Q1 2022 drops to 4,712.34mw from 5,465.72mw Q4 2021 – NERC
Nigeria’s available power generation capacity in the First Quarter of 2022 decreased to 4,712.34MW from 5,465.72MW in the Fourth Quarter...
11 DisCos collected N199.90bn customers’ bill in Q1 2022 – NERC
The 11 electricity distribution companies, DisCos, in Nigeria collected a total of N199.90 billion in customers’ bills in the first...
Cashless policy: Even N1 cash withdrawal from public accounts will be investigated – NFIU warns
The Nigeria Financial Intelligence Unit, NFIU, has fixed March 1, 2023, as the deadline for the stoppage of all cash...
77 trillion debt: Alarm over national debt unnecessary – DMO
The Debt Management Office (DMO) has said that the alarm created around the country’s projected public debt was unnecessary. The...
EEDC commences mobile MAP metering in Anambra
The Enugu Electricity Distribution Company Plc (EEDC) has commenced a door-to-door mobile MAP metering to its customers in Anambra State,...
CBN clears air on Polaris Bank sales
The Central Bank of Nigeria, CBN, has denied claims making the round in some quarters that a higher offer was...
2023 budget: Fuel subsidy payment to gulp N3.36tn in six months – Finance Minister
Fuel subsidies payment in Nigeria to gulp N3.36 trillion in the first six months of 2023. By implication, subsidy payment...
US agencies alert banks of crypto-asset risks
Federal bank regulatory agencies in the United States on Tuesday raised the alarm of “key risks” for banks associated with...
DisCos earn N1.3trn from electricity bill in 23 months – NERC
An estimated 12.792 million registered consumers paid at least N1.367 trillion as bills for power supply to the 11 distribution...
Nigeria Startup Act can tackle hurdles entrepreneurs face in Nigeria – Expert to FG
A tech expert has urged the federal government to do more in tackling the hurdles entrepreneurs face in addition to...
NNPCL, security operatives destroy barge with stolen crude in Delta
The Nigerian National Petroleum Company Ltd, in collaboration with a private security contractor and government security agencies, have destroyed a...
New Year: Finance Act 2022 will worsen Nigeria’s inflation – CCPE
The Centre for the Promotion of Private Enterprise, CPPE, has said the recently passed Finance Bill 2022 would worsen Nigeria’s...
Elon Musk becomes first person to lose $200bn in history
Tesla boss and Twitter owner Elon Musk, the former richest man in the world, has broken a new record as...
CBN’s forex regime challenged businesses in 2022 – Expert
An economic expert has said the Central Bank of Nigeria CBN, the foreign exchange regime, is the most challenging policy...
Ogun: Abiodun signs N472bn 2023 budget into law
Ogun State governor, Dapo Abiodun, has signed the 2023 budget into law. Signing the N472,250,694,447.57b Appropriations Bill as passed earlier...
New naira notes: Extend withdrawal date to June 31 – Senate tells CBN
The Senate has called on the Central Bank of Nigeria (CBN) to immediately extend the withdrawal date of old currency...
EFCC auctions 160 confiscated houses, lands worth billions of Naira
The Economic and Financial Crimes Commission, EFCC, has commenced the sale of 160 confiscated houses and lands worth billions of...
Telcos threaten to disconnect banks’ USSD subscribers over N80bn debts
Nigerian Telecommunication Companies have threatened to disconnect banks’ Unstructured Supplementary Service Data, USSD, services over unremitted N80 billion in debts...
Domestic airfares increase by 97% – NBS
The average cost of local airfares rose from N37,022.97 in November 2021 to N73,267.57 in November 2022, representing an increase...
How low purchasing power marred 2022 Christmas Celebration in Nigeria
Economic experts have disclosed that low purchasing power, occasioned by soaring inflation, marred this year’s Christmas celebration in Nigeria. Outside...
