Removal of Electricity Subsidy Imminent for Stable Power Supply - Adelabu The Minister of Power, Adebayo Adelabu, has expressed concerns over the poor electricity supply situation in the country caused by a multitude of issues including outstanding subsidy debts. He said Nigeria should migrate to a...

PH Refinery: Atiku Questions NNPCL Third Party Operation, Urges Transparency  Former Vice President Atiku Abubukar has faulted the plan to hire a third party to manage the Port Harcourt refinery after its rehabilitation, arguing that the federal government should have privatised it before the process...

Nigeria’s Container Traffic Falls 7% to 1.57m in 2023 – Report Container traffic in Nigeria has declined by 6.85 per cent to 1.57 million twenty-equivalent units, compared to 1.68 million TEUs handled in the previous year, a port performance report presented at the quarterly meeting...

ECOWAS Exit: Mali, B’Faso, Niger Risk Exclusion from $702bn Market - Report Burkina Faso, Mali, and Niger Republic are set to be cut off from the $702bn strong Economic Community of West African States economy following their planned exits. This potential exit could further worsen widespread...

Senate Summons Cardoso over Naira Free Fall The Senate has summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso, to appear before it on Tuesday next week for questioning. The Committee on Banking, Insurance and Other Financial Institutions issued the order to answer questions on...

Sell Excess Dollars in 24 Hours - CBN to Banks The Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024, amid its fresh moves to stabilise the exchange rate. The CBN, which made the disclosure in...