How Vandals Destroyed 63 TCN Towers in Eight Months Latest industry data from the Federal Ministry of Power has revealed that a total of 63 power transmission towers were destroyed by vandals between January and August this year. Most of the towers were destroyed in the...

BoI Secures €1.42bn Loan from International Finance Market The Bank of Industry (BoI) has received €1.425 billion from the senior phase of its global loan syndication- representing a 42.5 per cent oversubscription from international financial markets. BOI made this known in a statement, saying that this...

Daily Gas Production Rises 12 billion cubic feet – FG The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, says gas production in Nigeria is growing from 7.5 billion cubic feet per day and is inching to 12 bcf per day. He disclosed this to...

One of the most significant challenges confronting President Bola Ahmed Tinubu's administration is the pervasive issue of oil theft, which has led to a drastic decline in crude oil production and a scarcity of premium motor spirit (PMS) supplies. This has, in turn, caused a surge in prices across the country, exacerbating the current economic hardships faced by citizens.

Alhaji Aliko Dangote envisioned ending Nigeria’s reliance on fuel importation and making Sub-Saharan Africa self-sufficient in energy. This vision led to the construction of the world’s largest single-train refinery, a 650,000-barrel-per-day facility located in Lagos State. 

Zenith Bank Records 117% Half-year Gross Earnings Zenith Bank Plc has recorded a 117 per cent increase in its gross earnings from N967.3bn reported in H1 2023 to N2.1tn in H1 2024 on the back of appreciation in both interest income and non-interest income. In its...