Metered Electricity Consumers Rise 48% to 5.9million – NBS The National Bureau of Statistics has disclosed that the number of metered electricity consumers in Nigeria increased by 48.5 per cent between 2019 and 2024. An analysis of data from the NBS, an agency of the Federal...

Ajaokuta Steel Company Energy Debt Up N1.27bn, Risks Disconnection The moribund Ajaokuta Steel Company Limited risks being disconnected from the power grid over its failure to pay the N1.27bn electricity debt it incurred in the first three months of the year. Described as a special customer,...

Dangote Refinery Banks on FG, Reduces Crude Imports from Us A report by Bloomberg has revealed that the Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for processing. The report stated that the 650,000 refinery is...

FG to Invest $100bn Annually to Curb Economic crisis The Minister of Budget and Economic Planning, Atiku Bagudu, says the Federal Government is planning to invest $100bn annually to tackle the economic challenges in Nigeria. Bagudu said this on Wednesday that the recent nationwide protest against...

CBN Projects 30points Business Improvement in Six Months  Business owners are optimistic that the conditions for doing business in Nigeria will improve in August 2024, and the following six months, the Central Bank of Nigeria has stated. According to the Business Expectations report released by the...

FG Hikes Nigerian Passport Fees to N50,000, N100,000 The Federal Government has approved an upward review of the fees for the Nigerian passport effective from September 1, 2024. This was disclosed in a statement issued on Wednesday by the spokesman for the Nigeria Immigration Service, Kenneth...