The Central Bank of Nigeria (CBN) says it has fined nine banks to the tune of N1.35 billion for failing to make Naira notes available through...
Central Bank of Nigeria (CBN) has introduced two accounts: Non-Resident Nigerian Investment Account (NRNIA) and Non-Resident Nigerian Ordinary Account (NRNOA), to manage funds (both in foreign...
Manufacturers in Nigeria are gradually opting for natural gas as a solution to increasing diesel and petrol prices which have negatively impacted on production expenses. Recall...
The Transmission Company of Nigeria (TCN) has debunked last week’s declaration of grid collapse due to power disruption, saying it was due to the tripping of...
Nigerian Navy says it is not relenting in the fight against oil theft as a demonstration of its unwavering commitment to safeguarding Nigeria’s maritime domain and...
To enhance refining capacity in Nigeria, petroleum marketers and three oil companies have signed a deal to establish a 50,000 barrels per day capacity refinery. The...
The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight for the electricity market in Niger State to the Niger State Electricity Regulatory...
Nigeria’s electricity generation has stagnated around an average of 4,500 megawatts. This is in spite of the country securing loans totalling over $3.23bn in about four...
Rivers State Government is targeting a 24hrs power supply in all communities of the state, through Independent Power Project (IPP) before the end of the first...
The Federal Airports Authority of Nigeria (FAAN) has, in partnership with the United Bank for Africa, refurbished the E-wing of the Murtala Muhammed International Airport in...
