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 […]

All the bad looking and mutilated naira notes that rejected in the Southern part of Nigeria, are used for business transactions in the North. You will be given mutilated naira notes as change in the North and you will also use the same money to buy something. People don’t reject […]

  By Samuel Ajayi One of the beauties of Advertising regulation mechanism in Nigeria has been its consistent reliance on support and advice from the industry’s sectoral bodies. The bodies include: Association of Advertising Agencies of Nigeria (AAAN), Advertisers Association of NIgeria (ADVAN), Media Independent Practitioners Association of Nigeria, (MIPAN) […]

The steady increase in petrol prices commenced after the subsidy removal by President Bola Tinubu on May 29, 2023. The National Bureau of Statistics (NBS) has reported that the average retail price of petrol in May 2024 was ₦769.62 per litre, with Jigawa State recording the highest price of ₦937.50 per litre. […]

The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production. It said this was a move towards increasing Nigeria’s crude oil production and growing its reserves. Group Chief Executive Officer of NNPCL, Mele Kyari, disclosed this in a keynote address at the opening […]