The Federal Government has strengthened its collaborative initiative with the Japan International Cooperation Agency (JICA) to bolster food security in the country
Nigeria, Africa’s leading producer of crude oil, has increased its imports of U.S. WTI crude due to the Dangote Oil Refinery’s growing appetite for the hydrocarbon, according to a Bloomberg report.
Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite a rise in electricity billing across the country, an analysis of official industry data.
Firms Blame Soaring Energy Cost for High Inflation
The Central Bank of Nigeria has reported that the majority of Nigerian firms identify high energy costs, particularly fuel, diesel, and electricity, as the leading cause of inflation in the country.
This was disclosed in its May 2025...
Tinubu Inaugurates 180MW Power Plant in Rivers State
President Bola Tinubu on Wednesday inaugurated the 180MW Afam II Power Plant located in Oyigbo, Rivers State.
The plant was completed by Africa’s largest private power business, Sahara Power Group, in partnership with Crescendough Nigeria Limited, reinforcing the...
Minister Lunches First LCNG Plant in North-East
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has inaugurated the first Liquefied to Compressed Natural Gas hub in the North-East of Nigeria in Yola, Adamawa State.
The minister, in a speech at the event on Tuesday, described the...
