Federal Council Greenlights $3.45 Billion Loan for Game-Changing Projects
In a significant move, the Federal Executive Council has granted its nod for a substantial $3.45 billion loan, set to
Naira Continues Downward Spiral Amid Dollar Scarcity, Prompts Concerns
In an ongoing trend, the Nigerian naira remains on a downward trajectory due to a growing scarcity of the U.S.
Nigeria’s Inflation Rate Rises to 26.72% in September 2023- NBS
In its recently released Consumer Price Index (CPI) and Inflation Report for September, the National Bureau of Statistics (NBS) has
Nigeria’s Crude Oil Production Surges to 1.7 Million Barrels per Day, Boosting Revenue Prospects
The Federal Government made a significant announcement on Friday, revealing that Nigeria’s oil production has experienced a remarkable uptick, reaching
Indigenous Oil Firms Secure 26 Oil Licenses in the Niger Delta, Paving the Way for Prosperity
Over the past decade, Nigerian oil companies have successfully obtained approximately 26 oil mining licenses within the Niger Delta basin
Naira Continues Its Downward Slide: Concerns Mount as Exchange Rates Soar To About N1,025/$1
The Nigerian naira witnessed a further decline on Tuesday, with exchange rates at the parallel market ranging between 1,005 naira
Federal Government Faces Rising Subsidy Bill as Crude Oil Prices Surge to $97 Per Barrel
The Federal Government of Nigeria is set to grapple with increasing subsidy costs on Premium Motor Spirit (PMS), commonly known
Cooking Gas Prices May Reach N18,000 by December
Gas retailers issue a stern warning that the price of a 12.5kg cooking gas cylinder could surge to N18,000 by
Federal Government Implements Price Hike for Electricity Meters
In an official announcement made on Wednesday, the Federal Government has decided to raise the prices of both single-phase and
Nigerian Power Users Urged to Update Prepaid Meters Ahead of Critical Deadline
The Nigerian Electricity Regulatory Commission Advises Immediate Prepaid Meter Updates to Prevent Loss by November 2024 The Nigerian Electricity Regulatory