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FG increases price of petrol to N143.80 per litre

All marketers are advised to operate within the indicative prices as advised by the PPPRA The Petroleum Products...

NASS leadership halts DisCos planned hike in electricity tariffs

During the meeting, the DisCos too admitted that they were not well prepared for the planned hike in tariffs even though...

Eko Electric (EKEDC) announces date to commence new tariff

The new tariff will be strictly service reflective, as customers are expected to pay tariff, based on the electricity supply available...

World Bank approves $750m for Nigeria’s power sector recovery

This is ultimately what is needed to lift 100 million Nigerians out of poverty. The World Bank has...

New electricity tariff starts in July, FG tells Senate

The Federal Government told the Senate on Tuesday that the new increment on electricity tariff would take off next month, July.

FG removes petrol price cap, gives marketers freedom to fix price

The Petroleum Products Pricing Regulatory Agency, PPPRA, has removed the cap on the price of Premium Motor Spirit (PMS), also known as...

FG reduces petrol pump price to N121.50

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new pump price band of N121.50 to N123.50 per litre for Premium...

Expect 11,000 MW of electricity by 2023 – Lai Mohammed

Electricity supply is expected to rise to 11,000 megawatts by 2023 under an agreement with the German firm Siemens, Information and Culture...

DisCos ask court to stop FG’s forensic audit

Electricity distribution companies (DisCos) have dragged the federal government to court over alleged undue interference in their business operations.

Malabu Oil Deal: Nigerian govt’s $1bn lawsuit against Shell, Eni struck out by UK court

The Nigerian government's $1 billion lawsuit against oil giants; Royal Dutch Shell and Eni, has been dismissed by a UK court on...

FG fires MD of power transmission company, appoints replacement

Usman Gur Mohammed (pictured) has been relieved of his appointment as the managing director of the Transmission Company of Nigeria (TCN).

NNPC reduces ex-depot price of petrol to N108 per litre

The Nigerian National Petroleum Corporation (NNPC) has announced a downward review of the ex-depot price of petrol from N113.28 per litre to...
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Tanker drivers to begin strike in Lagos

The National Union of Petroleum and Natural Gas Workers (NUPENG) has said that the planned strike by Petroleum Tanker Drivers in Lagos...

COVID-19: African economies may lose $79bn in 2020 – World Bank

Following the ravaging effect of the coronavirus pandemic, economies in sub-saharan Africa stand the risk of losing between $37 billion and $79...

#RevolutionNow: Bakare, other Protesters regain freedom from DSS

Department of State Services (DSS) has released Bakare and 2 other Protesters who took to the streets to lament the perceived maladministration...

COVID-19: Nigeria records 437 new cases as total infections now 46,577

The Nigeria Centre for Disease Control (NCDC) has confirmed 437 new cases of the coronavirus (COVID-19), bringing the total number of infections...