According to President Bola Tinubu, Nigeria must remain committed to a balanced approach to energy transition that supports the vulnerable members of society. 

The tightening of the Central Bank of Nigeria’s (CBN) monetary policy has lead to a lack of liquidity in the banking system. As a result, in just three weeks in June 2024, several Nigerian banks and merchant banks have borrowed an estimated N3.76 trillion from the CBN to cover their daily obligations. 

Motorists in North-east Stranded as Over 1,800 Filling Stations Shut Down - IPMAN The Independent Petroleum Marketers Association (IPMAN) says nearly 2,000 petrol outlets in North-east were shut yesterday in protest of an anti-smuggling operation that targeted some operators, forcing motorists to buy from the...

NGX Slams N76.8m Fine On Nine Firms The Nigerian Exchange Limited (NGX) has imposed a N76.8 million fine on nine quoted companies for failure to file their audited financial statements after the regulatory due date. A report by Nairametrics indicated that the companies were sanctioned for...

EU to Invest €150bn in transport Infrastructure to Boost Intra-African trade The European Union Commission said it has concluded plans to invest €150bn in trade and transport infrastructure across West Africa with a special focus on the Lagos- Abidjan corridor. According to the EU Commission, the...

Standard Chartered Bank Pledges $3bn to Finance NLNG Dividend Initiative The Standard Chartered Bank has indicated interest to finance key infrastructure projects in Nigeria, including the Lagos-Calabar coastal highway, Port Harcourt-Maiduguri rail line rehabilitation, as well as the provision of $3 billion in innovative financing...