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...

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...