Forex Crisis: NERC to Deregulate Meters Prices The Nigerian Electricity Regulatory Commission on Monday released an order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme. It said the prices of meters were deregulated after Meter Asset Providers and other...

Naira Appreciates to 1,275/$ at Parallel Market The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded...

Maersk to Invest $600m for Expanding Port Infrastructure A.P Moller-Maersk, Danish shipping and logistics company, says it will invest $600m to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. This followed closed-door talks between President Bola Tinubu and the company’s Chairman,...

Currency Management Necessary in Expunging Corruption, Artificial Element in Naira Value President Bola Tinubu says currency management in the country is necessary to remove the artificial element of the value of the naira. Tinubu spoke on Sunday during the opening plenary of the World Economic Forum...

Fuel Subsidy Withdrawal Saved us from Bankruptcy – Tinubu President Bola Tinubu says the removal of the petrol subsidy was necessary to prevent Nigeria from going bankrupt. The president had announced the removal of the subsidy on May 29, 2023 — a development that immediately led...

Energy and Transition Realities, by Haitham Al Ghais   The energy transition as a concept is itself in need of a transition. We must move beyond the blinkered view that this is about substituting energy sources, that hydrocarbons should be consigned to the past and that recent...