Blackout Looms in Abuja, 3 States as Electricity Workers Threaten Strike
The electricity workers under the National Union of Electricity Employees (NUEE) and Senior Staff Association of Electricity and Allied Companies have declared their intention to embark on strike.
The two unions who work for the...
Six Depots Slash Fuel Cost as Competition Heightens
Six depot owners have reduced the prices of Premium Motor Spirit, PMS, also known as petrol as competition heightens in the downstream sector of Nigeria’s petroleum industry.
The depot owners, which slashed their prices yesterday included Emadeb, First...
Naira Holds Firm Against Dollar in Black Market Amid Forex Volatility
The naira held steady against the US dollar at the parallel market on Wednesday, June 4, underscoring continued volatility in Nigeria’s foreign exchange landscape.
Currency traders in Abuja told Economic Confidential that the naira exchanged...
NGX Bullish Trend Returns as Investors Gain N259bn
The Nigerian Exchange recorded a gain of N259bn at the close of trading on Tuesday, as improved investor sentiment pushed the market capitalisation higher to N70.9tn.
A total of 622,635,197 shares exchanged hands in 17,044 deals at the...
Reps Demand Implementation of 5% Petroleum Users’ Charge
The House of Representatives Ad hoc Committee has called for the full implementation of the 5% users’ charge on the pump price of petrol and diesel.
Chairman of the committee, Hon. Francis Waive, called for the move during...
Local Firms Now Produce 50% of Nigeria's Oil - Report
Nigeria’s oil and gas sector is entering a new era, with local oil companies now accounting for more than 50 per cent of the country’s crude oil production.
According to a report by Reuters on Tuesday,...
