Federal High Court sitting in Lagos, has annulled the increment in electricity tariff recently announced by the Nigerian Electricity Regulatory Commission, NERC. Trial judge, Justice Mohammed Idris in his judgment in the suit by a human rights lawyer, Mr. Toluwani Adebiyi, challenging the increment, described...

Unless something urgent is done, Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAGPCo, is set to go down the drain as management of the company has raised an alarm that it was in a precarious financial situation that is threatening...

The Niger Delta Avengers, NDA, which vowed on Monday to continue to obstruct all avenues by President Muhammadu Buhari to export crude oil because of his refusal to address its demands, blew up the Qua Iboe 48-inch oil crude oil export line belonging to...

The Federal Airports Authority of Nigeria has said the new terminals being constructed at four international airports located in Lagos, Port Harcourt, Kano and Abuja are at advanced stages of completion. The General Manager, Corporate Communications, FAAN, Yakubu Dati, said in an interview with our...

The Nigerian Ports Authority has gotten its first female Managing Director with the appointment of the ‘Bring Back Our Girls’ campaigner, Ms. Hadiza Usman to the position. President Muhammadu Buhari had approved her appointment as a replacement for Habib Abdullahi who was sacked from the...

Some banking sector analysts have expressed concern over banks’ exposure to the upstream oil and gas sector. It was gathered that of the top five banks’ $4,882 million exposure to the upstream oil and gas sector, at least 15 per cent is exposed to the...