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Inflation Hits 33.20% in March – NBS

Inflation Hits 33.20% in March - NBS The National Bureau of Statistics (NBS) Monday, April 15, said the inflation rate increased from 31.70% in February 2024 to 33.20% in March 2024. According to the Bureau in its Consumer Price Index (CPI) and Inflation Report March 2024,...

National Grid Collapses Again

National Grid Collapses Again Nigerians have been plunged into darkness again as the nation’s power grid experienced yet another collapse for the fifth time this year. The data obtained from the Nigerian System Operator’s portal (niggrid.org), revealed that grid collapse in the early hours of Monday. The...

NCC Seizes N300m Worth of Counterfeit Books at Onne Port

NCC Seizes N300m Worth of Counterfeit Books at Onne Port The Nigerian Copyright Commission (NCC) has made a significant stride in combating intellectual property piracy by seizing three shipping containers of pirated books with a conservative market value of over N300 million. In a press statement...

Humanitarian Scandal: EFCC Recovers N32.7bn, $445,000

Humanitarian Scandal: EFCC Recovers N32.7bn, $445,000 In a bid to allay public concerns and provide clarity on the ongoing investigations into the alleged financial improprieties at the Ministry of Humanitarian Affairs, Disaster Management and Social Development, the EFCC has issued a statement detailing the progress...

Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report

Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024. Also, the country’s inability to ramp up production in these...

NNPCL, NIPCO Partner to Expand CNG Network

NNPCL, NIPCO Partner to Expand CNG Network NIPCO Gas Limited has partnered with the Nigeria National Petroleum Company Limited to expand the AutoCNG infrastructure nationwide by providing an alternative fuel option for motorists. The Managing Director, NIPCO Gas, Nagendra Verma, announced this on Sunday while giving...