Discos’ Revenue Collection Efficiency Rises to 79.31% in Q2 2024
The Nigerian electricity distribution companies (Discos) achieved a revenue collection efficiency of 79.31% in the second quarter of 2024, according
Naira Depreciates to N1,635.15 in Autonomous Foreign Exchange Market
The Naira has depreciated further to N1,635.15 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), reflecting a N3.94
Federal High Court Stops VIO from Confiscating Vehicles and Imposing Fines
Justice Evelyn Maha of the Federal High Court in Abuja has ruled that the Directorate of Road Traffic Services (commonly
FG Introduces New Tax Reliefs for Oil and Gas Sector
The Federal Government has announced new tax reliefs aimed at boosting investments in Nigeria’s deep offshore oil and gas production.
Nigeria Secures $1.57 Billion World Bank Loans to Boost Healthcare And Education
Nigeria has obtained three new loans from the World Bank totaling $1.57 billion to improve healthcare, education, and climate resilience.
Nigeria’s Forex Market Surges to N15.74tn as Naira Faces Continued Depreciation
The value of foreign exchange turnover in Nigeria’s Autonomous Foreign Exchange Market surged to N15.74tn ($9.90bn) in August 2024, according
Keystone Bank Appoints New Leadership as CBN Reconstitutes Board
The Central Bank of Nigeria (CBN) has restructured the board of Keystone Bank Limited to bolster its operations. In a
Ngozi Okonjo-Iweala Seeks Second Term as WTO DG
Former Nigerian Finance Minister, Ngozi Okonjo-Iweala, has announced her intention to pursue a second term as Director-General of the World
NNPC to Sell Dangote Refinery Petrol Above N1,000 Per Litre in Northern Regions
The Nigerian National Petroleum Company Limited (NNPC) has announced plans to sell petrol from the Dangote Refinery at over N1,000
Nigeria to Kickstart Petrol Supply from Dangote Refinery by September 15
The Nigerian government has revealed that petrol supply from the Dangote Refinery in Lagos will commence on September 15, following