AKK Will Crash CNG Price – CIL A partner of the Nigerian National Petroleum Company Limited (NNPCL), CleanEnergy Innovation Limited (CIL), has said that the price of Compressed Natural Gas (CNG) will crash when the Ajaokuta Kaduna Kano (AKK) Gas pipeline begins production. The state-owned NNPCL,...

FG Grounds 10 Private Jets’ Operations The Nigeria Civil Aviation Authority (NCAA) has suspended the permits of 10 private jet operators over illegal operation. The affected operators which had their Permit for Non-Commercial Flight (PNCF) suspended had failed to undergo a recertification process as directed by...

NNPC Disagrees as Report Puts Petrol Debt at $6bn Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump...

NGX Confirms Jude Chiemeka CEO The Nigerian Exchange Group (NGX) has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited. Chiemeka’s appointment is to take effect from July 1, 2024. This was disclosed in a statement made available by the Head...

Nigeria to Host $5bn African Energy Bank Nigeria has been granted the hosting right for the $5bn African Energy Bank after beating Ghana, Benin Republic, Algeria, South Africa and Cote d’Ivoire in a keenly contested bidding. The Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, told...

Tinubu Unveils N2trn Economic Revival Plan, Inaugurates PECC President Bola Ahmed Tinubu has presented a N2 trillion stabilization and advancement plan to the Presidential Economic Coordination Council (PECC). The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this to State House...