Telecom: Data, Airtime Subscriptions Rise 32.5% to N2.6tn in Nine Months The amount spent on airtime and data by Nigerian telecom subscribers rose to at least N2.59tn in the first nine months of 2023. This is according to the financial statements of MTN Nigeria and Airtel...

Cooking Gas Crisis: FG Sets Up Committee to Crash Price   To arrest the escalating price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, the Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo, has constituted a committee with the mandate to come up...

Banking Consolidation: Mega Banks Boast N10trn Capital Base   As the Central Bank of Nigeria’s proposal to initiate a new banking sector consolidation raises concerns among some industry operators, findings indicate that major banks with foreign subsidiaries currently control N9.6 trillion capital base. This is just data...

Nigeria Investors Provide 30% Return on Investment – NEXIM   The Nigeria Export-Import Bank (NEXIM) has disclosed that investors in Nigeria earn about 30 per cent return on their investments. The Executive Director of Business Development, NEXIM, Stella Okotete, disclosed this while playing host to the Mexican...

Port Harcourt Refinery will Start Operation in December - Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has confirmed that the Port Harcourt refinery will start working in December 2023. Kyari made the confirmation on Thursday during his...

TCN Begins Installation Of New 60MVA Birni Kebbi Transformer Transmission Company of Nigeria (TCN) has commenced the installation of a brand new 60MVA 132/33kV power transformer in Birni Kebbi. The company recently took steps to restore power at substation when it moved the transformer to Kebbi,...