Tinubu, Edun have no Stake in OVH Acquisition – NNPC The Nigerian National Petroleum Company Limited (NNPCL) says neither President Bola Tinubu nor Mr Wale Tinubu of Oando Plc has an interest in the acquisition of OVH by NNPC. NNPC, in a statement by its spokesperson,...

Saudi Arabia is set to host the third edition of the Global Artificial Intelligence Summit (GAIN) on September 10-12, 2024, in Riyadh. This was announced on Wednesday by Saudi Arabia's Press Attache, Mohammed Al-Sahabi, at a press conference in Riyadh. 

Dollar Bond: Nigeria Economy Profitable, Secure for Investment, Says Edun  Wale Edun, minister of finance and coordinating minister of the economy, says that Nigerians’ rights to own assets, whether in naira or in any other currency, are protected under the law. Edun, who disclosed this at...

Aviation: Aircraft Shortage Delays Delivery as Cargo Piles Passengers are experiencing constant cargo delays across Nigerian airports due to the shortage of planes to move goods from one state to another. There are fewer planes to feed several passengers on domestic routes as Nigerian airlines struggle...

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,...