Why we Moved Corporate Headquarters to Lagos - FAAN The Federal Airports Authority of Nigeria (FAAN) has explained the relocation of its cooperate headquarters from Abuja to Lagos. In a statement issued by the Director, of Public Affairs and Consumer Protection, Obiageli Orah, the Authority noted...

DisCos Now Granted Access to Buy Electricity Directly From Producers Power distribution companies (DisCos) in Nigeria have been given the green light by the regulator to buy electricity directly from producers of the commodity after over 10 years of relying on an intermediary called the...

Non-oil Export Revenue Falls 6% to $4.5bn in 2023, Says NEPC Nigeria’s non-oil export revenue recorded a marginal decrease in the value of exports to $4.5bn in 2023. This represents a $300m or 6.3 per cent decline from the $4.8bn revenue accrued to government coffers in...

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...