FG Adds Forgery, 13 Other Offences to Emefiele's Charges Fresh troubles appear to be in the offing for former Governor of the Central Bank of Nigeria CBN, Godwin Ifeanyi Emefiele as the Federal Government again amended the charges against him on offences allegedly committed while...

Again, NGX Sustains Rally as ASI Record Hits 90,000 Points The bullish party on the Nigeria Exchange Limited continued on Wednesday as the benchmark index of the bourse crossed 90,000 basis points to close at 90,063.25. Similarly, the market capitalisation appreciated by 3.78 per cent to...

FG to Pay N1.6tn Power Subsidy, Suspends Electricity Tariff Hike The Nigerian Electricity Regulatory Commission, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6tn subsidy this year to avert electricity tariff hike. In the tariff review applications of the...

Nigeria’s Crude Oil Production Rises 1.4mbd, Says OPEC  The Organisation of the Petroleum Exporting Countries said Nigeria’s crude oil production rose to 1.418mbpd in December 2023. OPEC, in its Monthly Oil Market Report for January 2024, said Nigeria’s crude oil production increased by 100mb/d, from 1.319mbpd...

FG Plans N5.1bn TETFund Grant to Fund 185 Research The National Research Fund grant cycle initiated by the Tertiary Education Trust Fund has received approval for N5,128,180,623 to fund 185 successful research proposals. The Minister of Education, Prof. Tahir Mamman, conveyed this approval, following the recommendation...

FG to Resume Payment, Clear N35,000 Wage Award Arrears The Federal Government has assured workers that it will clear the arrears of the N35,000 wage award just as it also said the government had resumed the payment of the wage award. The government also reiterated its...