Power firms are pushing for a fresh 100 percent increase in electricity tariff, the second in six months, Daily Trust investigations have shown. The electricity distribution companies (DisCos) raised tariff by over 45 percent in February. The DisCos had written to the regulatory authority, the Nigerian...

...Firm says FG responsible for hike Barely few weeks after NIPCO Plc reopened its seven Compressed Natural Gas (CNG) Filling Stations in Benin, Edo State, after they were shutdown for several days by aggrieved motorists in protest against the hike in price of gas, the...

The Minister for Finance, Mrs. Kemi Adeosun, has said that the Federal Government will enforce the compulsory insurance policies and ensure that the cost of insurance is included in its expenditure. She said this during the second edition of the National Insurance Conference in Abuja,...

The meeting between representatives of the Federal Government and oil workers in Abuja on Monday was inconclusive as both groups agreed to continue deliberations today. As a result, the ongoing industrial action embarked upon by members of the Petroleum and Natural Gas Senior Staff Association...

Shell Petroleum Development Company of Nigeria Limited on Monday shut the Trans Niger Pipeline, one of the two major pipelines transporting the nation’s reference crude oil grade, Bonny Light, for export. This is coming one month after the oil major was forced to shut the...

Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output, the International Monetary Fund has said. “I think there is a high likelihood that 2016 as a whole will be a contractionary year,” the IMF Country Representative...