NERC threatens Discos with sanctions for rejecting power

The Federal Housing Authority has refuted reports that it was planning to demolish 1,500 houses in the Zhidu community, near ...

High population will raise housing demand – Stakeholders

The co-founder and Head of Business Development at Dukiya Investments, Lukman Shobowale, has said that Nigeria’s rising population and rapid ...

Airlines get $62m as CBN repays banks $2bn debt

The Central Bank of Nigeria has paid $2bn to clear a part of its backlog of matured foreign exchange obligations ...

Manufacturers may sack workers as naira loses 39%

The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central ...

CBN Releases $61.6 Million to Foreign Airlines in Ongoing FX Backlog Clearance

The Central Bank of Nigeria (CBN) has disbursed $61.64 million to foreign airline operators through various Deposit Money Banks (DMBs), ...

Dangote Refinery Welcomes Fifth Crude Oil Shipment, Anticipates Sixth Delivery

Dangote Petroleum Refinery has received its fifth crude oil shipment, consisting of one million barrels of Bonny Light, sourced from ...

PDP Calls for Immediate Removal of Betta Edu Over Alleged N585 Million Palliative Fund Misappropriation

The People Democratic Party (PDP) is demanding the swift dismissal of Betta Edu, the Minister of Humanitarian Affairs and Poverty ...

Nigeria Secures 22nd Spot for Most Affordable Petrol Globally – Recent Report

In a recent assessment of Premium Motor Spirit (PMS) costs worldwide, Nigeria emerged as the 22nd country with the most ...

NERC threatens Discos with sanctions for rejecting power

January 7, 2024