The Federal Government, through the Rural Electrification Agency (REA), has revealed that its clean energy programmes have attracted over ₦5.8 billion in private sector investment, significantly boosting energy access for …
Energy
- EconomyEnergyEnvironmentGOVERNMENTInfrastructureINVESTMENTNigeria
- CrimeEconomyEnergyGOVERNMENTNigeria
AMCON, BPE, NERC Dragged to Court Over Alleged Undervalued Sale of Ibadan Disco Shares
A civil society organisation, the African Initiative Against Abuse of Public Trust, has taken the Asset Management Corporation of Nigeria (AMCON), the Bureau of Public Enterprises (BPE), and the Nigerian …
- BusinessBusiness InsightsEconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaOil & Gas
CSCS Pays N8.8 Billion Dividend to Shareholders for 2024 Financial Year
The Central Securities Clearing System (CSCS) Plc has confirmed the payment of N8.8 billion to its shareholders as dividends for the 2024 financial year. The approval for the payment was …
- BusinessBusiness InsightsDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & Gas
Dangote Refinery Slashes Petrol Price to N825, Spurs Fierce Competition in Downstream Market
The Dangote Petroleum Refinery has quietly reduced the ex-depot price of petrol to N825 per litre, intensifying the price war with fuel importers and private depot owners in Nigeria’s deregulated …
- BusinessBusiness InsightsEnergyMarketsNigeriaTechnologyWestern Africa
Itel Solar Energy Opens First Nigerian Hub at Alaba Market, Targets Affordable Power for Homes, Businesses
Itel Solar Energy has launched its first official sales and service hub in Nigeria, setting up shop at the popular Alaba International Market in Lagos. The company said the move …
- Banking, Finance & InvestmentEconomyEnergyGOVERNMENTInfrastructureNigeria
Kebbi Govt, First Bank Partner on Industrialisation, Mining and Infrastructure
The Kebbi State Government has entered into a strategic partnership with First Bank Nigeria Plc. to boost industrialisation, mining, and infrastructure development in the state as part of its broader …
- EconomyEnergyGOVERNMENTInfrastructureNigeriaPolicies
FG Launches Reform Plan, Deploys Special Teams to Underperforming Discos
The Federal Government has begun a pilot programme to restructure underperforming electricity distribution companies (Discos) in a bid to overhaul Nigeria’s struggling power distribution sector. This marks the most decisive …
- AgricultureBusinessEconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaOil & GasTransportation & Logisitics
Nigeria’s Leasing Sector Grew by 23% in 2024, Hits N5.17tn – ELAN
Nigeria’s leasing industry recorded a strong growth of 23.2 per cent in 2024, pushing the value of outstanding leases to N5.17 trillion, up from N4.19 trillion in 2023. This was …
- EconomyEnergyGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
- BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & GasTrade and CommerceWestern Africa
Dangote Refinery, Marketers Clash Over Local Fuel Supply Claims
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …