'Tinubu Should Agree to Our Demands Else Protest Continues'  Protesters of the #EndBadGovernanceInNigeria have said the protests would continue unless President Bola Tinubu meets their demands. They called on the president to do the needful and the protests would be immediately called off. Addressing journalists in Abuja,...

Senate Raises Ways And Means Advance to 10% The two chambers of the National Assembly yesterday passed a bill to raise ways and means advances to 10 per cent. The existing law provides that the advance by the Central Bank of Nigeria (CBN) must not exceed...

New Energy in Namibia, Ivory Coast, Others Dim Nigeria's Oil Investment - Report  In a report by African Energy Chamber, Nigeria's spot on investors' radar screens has dimmed significantly as investors attention is increasingly drawn to new and emerging developments in Namibia, Ivory Coast, Angola,...

Power Subsidy Rises 151% to N211bn in Q1, 2024 The Nigerian Electricity Regulatory Commission has disclosed that the electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024. The NERC report said the electricity subsidy skyrocketed to N211.10bn...

Bearish Trend: NGX Ends July Trading with N32bn Loss The Nigerian Exchange continued its bearish trend for the third consecutive day this week, as investors lost N32bn due to losses suffered by Berger, Cutix, and Nigerian Aviation Handling Company. Berger, Cutix, and Nigerian Aviation Handling Company...

FX Gain: Otedola Backs FG on 70% Windfall Tax from Banks Nigerian Billionaire, Femi Otedola, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. In a statement he issued on Wednesday, Otedola, who is the chairman...