The Federal Government of Nigeria will need the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, this was disclosed by the Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba in Abuja on Thursday. While speaking at a stakeholders meeting convened by the House of Representatives Committee on Power, Garb ... Read more

Dr Maureen Tamuno has been appointed as the Group Managing Director of the Abuja Investments Company Limited. The company, in a statement on Wednesday, expressed that it was pleased to welcome Tamuno, who assumed duties as the group managing director of AICL, effective April 8. The was made following the announcement made by the Minister of t ... Read more

FG has disclosed its plans to criminalize the destruction of broadband fiber cables in response to ongoing grievances from major telecommunications companies like MTN Nigeria Communications Plc. According to a Bloomberg report on Thursday, sources familiar with the situation report that the Works Ministry, responsible for overseeing federal road ... Read more

The World Bank Group and the African Development Bank Group have disclosed partnership on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group seeks to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid, while the Af ... Read more

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has shut down Heritage Bank’s head office in Lagos following the sack of over 1000 personnel by th ... Read more

According to the latest data by the Joint Organisations Data Initiative showed on Wednesday, the world’s crude oil production dropped by 1.2 million barrels per day in February compared to the same month last year as steep output declines in Saudi Arabia and Iraq were partially offset by a large annual production gain in the United States. ... Read more