The National Council on Power has agreed to introduce a cost-reflective tariff for electricity in Nigeria. This move is aimed at reducing the N200 billion monthly electricity subsidy being paid …
Infrastructure
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EnergyGOVERNMENTInfrastructureNigeriaPolicies
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AfricaDevelopmentEconomyFinance & ServicesInfrastructureManufacturingTrade and Commerce
RMDB Boss Says Lack of Early Capital, Data and Infrastructure Slowing Africa’s Mining Growth
The President and Chief Executive Officer of the Regional Maritime Development Bank, Mr. Adeniran Aderogba, has said that Africa’s mining sector is still facing major problems that are stopping it …
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BusinessEastern AfricaEnergyEnvironmentGOVERNMENTInfrastructureNigeriaWestern Africa
FG Commissions First LCNG Hub in North-East, Targets Cheaper and Cleaner Energy for Nigerians
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has officially commissioned Nigeria’s first Liquefied to Compressed Natural Gas (LCNG) hub in Yola, Adamawa State. The project, developed by …
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AfricaDevelopmentEconomyEnergyInfrastructureNigeriaOil & Gas
Nigerian Oil Companies Now Lead Nation’s Crude Production as Indigenous Firms Surpass 50% Output Share
Nigeria’s oil and gas industry is undergoing a major transformation as local oil companies now produce more than half of the country’s total crude oil output. This development marks a …
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BusinessEconomyEnergyInfrastructureINVESTMENTOil & Gas
Local Oil Firms Drive New Growth Phase in Nigeria’s Energy Sector
Nigeria’s oil and gas sector is undergoing a major transformation, driven by local companies stepping into roles traditionally held by international oil majors. With a wave of asset divestments by …
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Business and EconomyCorruptionGOVERNMENTInfrastructureTransportation & Logisitics
Port Stakeholders Clash Over E-Call-Up System as Protests, Allegations Intensify in Lagos
Stakeholders in Nigeria’s maritime and logistics sector are sharply divided over the continued use of the electronic call-up system introduced to manage truck movement in and out of the Apapa …
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Cyber securityEconomyEducationGOVERNMENTInfrastructureTechnology
Nigeria’s Cybersecurity Market Set to Hit $345.43 Million by 2029 as Digital Economy Booms
Nigeria’s cybersecurity industry is on the rise, and experts say the best is yet to come. The Director General of the National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa …
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AfricaDevelopmentFinance & ServicesInfrastructureInternational RelationsINVESTMENTLeadership
Mauritania’s Dr. Sidi Ould Tah Elected as New President of African Development Bank Group
Former Mauritanian Minister for Economic Affairs and Finance, Dr. Sidi Ould Tah, has been elected as the ninth president of the African Development Bank Group (AfDB). The announcement was made …
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Finance & ServicesGOVERNMENTInfrastructureNigeriaTransportation & Logisitics
FG Needs ₦880bn Annually to Maintain Roads, but Key Funding Law Ignored Since 2007
The Federal Government needs to spend around ₦880 billion every year to maintain the country’s federal road network properly, according to Minister of State for Works, Mohammed Goroyo. However, the …
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BusinessDangote IndustriesEconomyInfrastructureOil & GasWestern Africa
Fuel Cheaper in Nigeria Due to Low Taxes and High Consumption – MEMAN, Dangote Say
The Major Energies Marketers Association of Nigeria (MEMAN) has said that low taxation is one of the main reasons why petrol is cheaper in Nigeria than in other West African …