USAID to Invest N115bn in Nigeria’s Power Sector
The United States Agency for International Development and the Federal Ministry of Power signed a memorandum of understanding on Wednesday to secure Nigeria’s commitment to electricity sector reforms, market transparency, liquidity, and expanding access to affordable power.
The...
Tinubu Commends Supreme Court Ruling on LG Autonomy
President Bola Tinubu has welcomed the decision of the Supreme Court of Nigeria affirming the spirit, intent, and purpose of the Constitution of the Federal Republic of Nigeria on the statutory rights of local governments.
The President states...
FG, IOCs State Commitment Towards Crude Oil Supply to Local Refineries
The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system.
Both parties said the aim of the...
FX Market: Senate Rejects Bill Seeking Review of Regulations
The Senate has on Thursday rejected a bill seeking to review foreign exchange market regulations in Nigeria.
The piece of legislation sponsored by the Chairman, Senate Committee on Finance, Senator Sani Musa, (APC Niger East), also seeks...
I’m Committed to Just, Realistic Minimum Wage for Nigerian Workers - Tinubu
President Bola Tinubu has said Nigerian workers deserve improved welfare, better wages, as well as safe and enhanced working conditions as the driving force of the nation.
Speaking with the leadership of the Nigeria...
Oil Production Increases by 25,000 barrels per day – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s daily oil production rose by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276mbpd in July.
It disclosed this in...
