Court Orders Forfeiture of $4.7m, N830m, Assets Linked to Emefiele
A Federal High Court sitting at Ikoyi, Lagos has ordered an interim forfeiture of the sums of $4,719,054 million USD, N830,875,611 million, and several properties linked to the embattled former Governor of the Central Bank...
IOCs to Invest $20bn in Petroleum Sector – Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Monday, announced that about $16.6bn investments had been committed to Nigeria’s oil and gas sector in the past one year.
He spoke in Abuja while providing...
Foreign Exchange: 136% of 2023 Inflows Recorded in QI – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the foreign exchange inflows recorded in the first quarter of 2024 into Nigeria were about 136 per cent of the...
REA Signs MoU to Generate 500MW Electricity in Rural Communities
The Rural Electrification Agency (REA) has signed two Memoranda of Understanding to generate 500 megawatts of renewable energy to electrify rural communities across the nation.
The 500MW would be delivered through various min-grids to be constructed...
NNPC, Others Deploy Electric Vehicle Charging Stations
The Nigerian National Petroleum Company Limited (NNPCL), Shafa Energy, and Nigus, on Thursday, commenced the deployment of electric vehicle charging points at filling stations in Nigeria.
Partners in the deal signed a tripartite Memorandum of Understanding during the flag-off...
DisCos Generate N1.1tn in 2023
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed.
An analysis...
