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News Update

Tinubu Backs AEF Report, Reinstates NTA DG, ED

Tinubu Backs AEF Report, Reinstates NTA DG, ED President Bola Tinubu has ordered the recall of Salihu Dembos, Director-General of the Nigerian Television Authority (NTA), and Ayo Adewuyi, Executive Director of News, to resume their tenures after recent management changes in the agency. This development follows...

Power Minister Reveals What 4trn GenCos Debt Means for Nigeria

The Minister of Power, Adebayo Adelabu, has warned that Nigeria’s power sector could face imminent collapse if urgent liquidity support is not provided to offset the N4tn debt owed to power generation companies.

JUST IN: Nigeria’s GDP Rebased to N205trn

The Statistician General of the Federation, Adeyemi Adeniran, said top five performing sectors include real estate, telecommunications and the oil and gas.

Arewa Economic Forum Raises Red Flags Over CBN’s New BDC Policy: National Security Implications

Arewa Economic Forum Raises Red Flags Over CBN's New BDC Policy: National Security Implications The Arewa Economic Forum (AEF), a leading northern Nigerian advocacy and think-tank, has raised serious concerns over the Central Bank of Nigeria’s (CBN) new Bureau De Change (BDC) recapitalisation policy, describing...

FG Inaugurates Committee on Sale of Emefiele’s 763 Duplexes

The Minister of Housing and Urban Development, Ahmed Dangiwa, unveiled a 12-member ministerial committee to oversee activities on the seized 753 houses linked to former Central Bank of Nigeria Governor Godwin Emefiele.

Port Harcourt Refinery Not Producing Petrol Prior to Shutdown – Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Nigerian National Petroleum Company Limited (NNPCL) had to shut down the Port Harcourt Refining Company to save its face.