Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies. The NNPC Ltd, which is the sole importer of petrol into the country, has been reliant […]

Sell-offs in the shares of Tier-one banks on Thursday contributed to a 0.32 per cent decline in the Nigerian Exchange Ltd. (NGX) market indices. Specifically, losses in the share prices of FBN Holdings, Access Corporation, Guaranty Trust Holding Company (GTCO), Zenith Bank and StanbicIBTC Bank, among others, dragged down the […]

The Naira has maintained its level of appreciation against the United States currency across foreign exchange (FX) markets, as dollar supply at the official market increased on Wednesday. The local currency strengthened by 1.25 percent as the dollar was quoted at N1,262.85 on Wednesday, stronger than N1,278.58 quoted on Tuesday at the Nigerian Autonomous […]

Air Peace Airline has announced that due to the overwhelming demand and interest on its London route, the airline has decided to increase the capacity on the capacity on the route. “This means that more seats are now available. Air Peace would like to thank the Nigerian population both in […]

The combined wealth of Aliko Dangote and Abdulsamad Rabiu declined by $3.8 billion in one year, according to Forbes World’s Billionaires List 2024. Forbes’ wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed to be a billionaire. The value of individuals’ public holdings are […]

Top ten crypto billionaires in 2024 The crypto winter has officially come to an end, marking a significant turnaround for the cryptocurrency market. Bitcoin, the flagship cryptocurrency, has experienced an impressive surge, more than doubling in value over the past 12 months. In March, it reached an all-time high of […]

The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The Comptroller General (C-G) of NCS, Adewale Adeniyi, said this while briefing newsmen on its activities in the first quarter of 2024, on Wednesday in Abuja. “The total revenue collected during this […]

In a move sparking immediate backlash, the Nigerian government, through the Nigerian Electricity Regulatory Commission (NERC), announced a significant increase in electricity tariffs for Band A customers. This category, representing roughly 15% of the nation’s power users and promised up to 20 hours of daily supply, will now pay N225 per kilowatt-hour (kWh), […]

The vice president of NERC said said that the Commission is empowered by its Act to ensure that the licenses operating efficiently are allowed to recover sufficient revenue for the capital invested, The vice president of the Nigeria Electricity Regulatory Commission (NERC), Musiliu Oseni, has explained the reasons behind the […]

Tinubu Government Raises Electricity Tariff For Nigerians From N66 To N225 Kilowatt Per Hour The President Bola Tinubu-led Nigerian government has approved N225 ($0.15) per kilowatt-hour tariff increment for Band A electricity consumers in the country. The Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musliu Oseni, who made this known at […]