Electricity supply has been partly restored in Nigeria hours after the national grid collapse. Emeka Ezeh, Head of Corporate Communications at Enugu Electricity Distribution Company confirmed this in a statement on Saturday. DAILY POST reports that there was a nationwide blackout in Nigeria around 3 pm on Saturday. However, Ezeh, […]

CAC and CBN has approved and extended deadline for registration by two months. This is to enable those who haven’t done so to comply.

Vice President Kashim Shettima has called for a significant shift from dependence on oil to other critical sectors with attractive investment returns in Nigeria. He identified agriculture, manufacturing, renewable energy and digital innovation, among other sectors, as potential investment grounds to explore, saying they align with the nation’s development priorities […]

CBN faults Binance for carrying out banking services through Naira P2P feature in Nigeria by Nnaemeka Onyekachi Story highlights The Central Bank of Nigeria (CBN) criticized Binance for unauthorized deposits and withdrawal services, typically reserved for banks and licensed financial institutions. Binance and its executives face allegations of money laundering, […]

The Federal Government has increased the rates and charges for all activities in the mining sector. Dele Alake, the Minister of Solid Minerals Development, who disclosed this while briefing newsmen on the new charges on Thursday in Abuja, expressed concerns over non-remittance by some operators. Alake said that mining operators […]

Travellers and motorists have been groaning following fuel scarcity across various filling stations in the nation’s capital, Abuja. This is just as the Major Energy Marketers’ Association of Nigeria (MEMAN) blamed the situation on supply chain disruption even as the situation is a little bit calm in Lagos except pockets […]

The Abuja Electricity Distribution Company has commenced the implementation of a fresh electricity tariff hike for Band A customers, getting 20-24 hours power supply. AEDC disclosed this in a notice to customers on Friday, stating its implementation took effect from July 1, 2024. According to the disco, electricity customers under band […]

The Naira has appreciated in the parallel market to N1,530 per dollar from N1,535 per dollar on Thursday. Similarly, the Naira appreciated to N1,509.67 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,509.67 per dollar from […]

Ekiti State Governor, Mr Biodun Oyebanji on Thursday commissioned a new privately owned 200 metric tons per day capacity palm kernel oil (PKO) crushing plant in Ado-Ekiti with the assurance that the industrialization plans of the administration would reduce unemployment, hunger and poverty in the state. Performing the commissioning of […]

The use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Company Limited announced on Thursday. NNPC also announced that 100 CNG stations would be functional nationwide in 12 months, as it simultaneously inaugurated 11 CNG stations across […]