Nigeria has secured another major vote of confidence from the global energy industry, as Shell announced a $2 billion Final Investment Decision (FID) for a new offshore gas project in…
The federal government has finalized the implementation framework for the ₦4 trillion Presidential Power Sector Debt Reduction Plan. The framework, endorsed by President Bola Ahmed Tinubu and the Federal Executive…
The Central Bank of Nigeria (CBN) has announced that it will take direct control of the fixed income market's settlement and trading platform by December. The FMDQ Group currently operates…
Yemi Kale, former statistician-general of the National Bureau of Statistics (NBS), says approximately 89 million people, or 40 percent of Nigeria’s population, live below the poverty line. Kale, chief economist…
Dangote Petroleum Refinery has resumed petrol sales in naira a day after putting the initiative on hold. In an email to clients on Saturday, Dangote refinery stated that the resumption…
The National Union of Electricity Employees (NUEE) has urged its members to withdraw their services across the country. The decision was issued in a document on Wednesday, signed by Dominic…
A recent study by OpenAI and the National Bureau of Economic Research found that just 30% of consumers utilise ChatGPT for work-related tasks. According to the working paper, which was…
Festus Keyamo, minister of aviation and aerospace development, says Nigeria will receive its first set of dry lease aircraft on October 6. Keyamo spoke on Wednesday at the ground-breaking ceremony…
The Federation Account Allocation Committee (FAAC) says it shared a total of N2.22 trillion among the three tiers of government in August. The allotment is based on a gross total…
The first petrol shipment from Dangote refinery to the US has arrived. According to sources at the refinery, the "vessel left the refinery for the US about two weeks ago".…