NEWS

The new Electricity Act 2023 (EA) prescribes more punishment for Nigerians who steal power, illegally connect electricity, tamper with metering devices, or embark on the destruction of facilities belonging to...

The Office of the Auditor General for the Federation (OAuGF) has called on the National Assembly to recover the sum of US$2.021 billion and N13.314 billion revenues accrued from sales...

The Nigerian Airforce has said that air strikes by its Air Component of Operation Delta Safe against oil thieves in the Niger Delta, at the weekend destroyed seven (7) illegal...

The World Bank has stated that fiscal balances are improving, largely due to the ongoing fiscal consolidation efforts in Nigeria and other Sub-Saharan African nations. The bank noted this in...

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to the fall in...

The Central Bank of Nigeria (CBN) maintained Cash Reserve Ratio (CRR) at 32.5 per cent in 2023, Zenith Bank Plc and nine other banks’ restricted deposits increased to N17.1 trillion,...

The National Union of Electricity Employees (NUEE) stated that the recent hike in electricity tariff from N68/kWh to N225/kWh was absurd in a country where many citizens grappled with basic...

The Port Harcourt Refining Company Limited (PHRC) is yet to commence operations despite assurances by the authorities that it will come on stream about two weeks ago. Stakeholders believe that...

The combined effect of monetary and fiscal policies has resulted in a significant slowdown in the previous quantum leap in costs of living. But the strains from the recent past...

The naira hit the brakes on some of its gains yesterday and the past few weeks selling at N1,050/$1 to the dollar at the parallel market, as the external reserves...