The nation’s power grid recorded 21 collapses in the first half of the year, industry data obtained by The Punch showed. The national grid completely collapsed 16 times in the first six months of the year, while five partial collapses were recorded in the period. In the...

The World Bank, the Nigerian Economic Summit Group and other stakeholders have highlighted the need to improve Nigeria’s competitiveness in a bid to accelerate economic development. They stated this in Lagos at a workshop on economic competitiveness in Nigeria organised by the NESG in collaboration...

The naira fell to 360 against the United States dollar at the parallel market on Wednesday as the supply of the greenback waned at the foreign exchange market. The local currency had closed at N354 against the greenback on Tuesday. The naira has been experiencing high...

The Federal Government has not been remitting the pension contributions of most of its workers into their Retirement Savings Accounts under the Contributory Pension Scheme since October last year. This revelation was contained in the 2016 annual report of the Pension Fund Operators Association of...

The federal government wednesday said its earnings had declined by 40 per cent as a result of the drastic fall in oil prices, as well as the persistent attacks on oil installations in the Niger Delta. Against this backdrop, it said the N6.06 trillion budget...

...Waits on Buhari to reconsider stance on dialogue …ExxonMobil lied about Qua Iboe crude export pipeline attack—Avengers A militant group, Niger Delta Revolutionary Crusaders, NDRC, based in Bayelsa State, yesterday, declared a two-week ceasefire within which it urged President Muhammadu Buhari to review his hard-line stance...