The national electricity grid has sustained 3,000 megawatts (mw) daily generation for 20 days in July to the delight of consumers. However, while the grid maintained a range of 3,000mw to 3,300mw for those days, generation dipped to as low...

Global Steel Holdings Limited may have abandoned the arbitration process that it instituted at the Court of International Arbitration, London to reclaim the Ajaokuta Steel Complex from which it was sacked by the Federal Government. The Director-General, Bureau of Public...

The Federal Government’s Economic Management Team has held what it called a consultative forum with a team of economic and financial experts across the country. The meeting was meant to enable the team, which consists of government officials only, to...

The Central Bank of Nigeria has released four new guidelines for the banking industry, top of which was an approval for bank customers to make cheque deposits into their savings accounts. Prior to this development, bank customers could only make cheque...

The Nigerian National Petroleum Corporation (NNPC) says it is unaware of any increase in the official ex-depot price of kerosene. The Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC, was reportedly said to have increased the ex-depot...

The Federal Government took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with Global Steel Holdings Limited for the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe. The new agreement also reverted...