FG Secures $791.5m CNG Investments in Two Months – Report The Federal Government attracted over $791.49 million in investments between May and June 2025, as part of its ongoing efforts to deepen the adoption of Compressed Natural Gas (CNG) as an alternative transport fuel. It has...

NNPCL Rules Out Sale Of P’Harcourt Refinery The Nigerian National Petroleum Company Limited has declared that the Port Harcourt Refining Company is not for sale and also confirmed its intention to raise additional funding to complete the rehabilitation of PHRC and the other two refineries...

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

Senate Gives NNPC Three Weeks to Respond to N210tn Audit Query The Senate on Tuesday gave the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, three weeks to respond to queries raised in audit reports covering the period from 2017...

FIRS Stops Issuance of Tax Exemption Certificates The Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations, and free zone entities. In a public notice signed by its Executive Chairman, Zacch Adedeji,...

Consumers Owe Discos N70bn in May - Report Electricity consumers across Nigeria failed to pay N70.25bn in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission. The 12 electricity distribution companies billed a total of N261.82bn during the month...