FG Targets 30GW Power Supply by 2030, Outlines Measures Put in Place The Minister of Power, Adebayo Adelabu, has said Nigeria is committed to achieving universal energy access by 2060, with a short-term target of attaining 30 gigawatts of grid energy supply by 2030. He disclosed...

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...

FG Begins Sale of Subsidised Rice The Federal Government has commenced the sale of 30,000 metric tonnes of subsidised milled rice to Nigerians at the rate of N40,000 per bag. It started the subsidised rice sale at a ceremony that took place in Abuja on Thursday. The...

Why 150-day Duty-free Food Importation is yet to Commence The Nigeria Customs Service (NCS) on Thursday, said the suspension of customs duties and taxes on imported food items will be implemented as soon as the service receives the list of beneficiaries from the Ministry of...

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...

FG Assures Adequate Petrol Supply Amid Scarcity The Nigerian government has cautioned Nigerians not to engage in panic buying of petrol, saying it has sufficient product in the country. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) disclosed this in a statement posted on his...