Despite promises from the Ministry of Power that President Bola Ahmed Tinubu would meet with electricity generation companies over the N4.7 trillion debt owed to them, nearly two months have …
Nigeria
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EconomyELECTRICITYEnergyGOVERNMENTNigeria
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BusinessDevelopmentManufacturingNigeria
Lifemate MD Decries Forex, Inflation Challenges as Firm Celebrates 19th Anniversary
The Managing Director of Lifemate Furniture, Mr Liu Lihua, has expressed deep concern over the persistent fluctuations in Nigeria’s foreign exchange market and the rising rate of inflation, saying both …
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AviationInfrastructureNigeriaTransportation & Logisitics
NCAA Grounds Rano Air Aircraft After In-Flight Engine Failure
The Nigeria Civil Aviation Authority (NCAA) has grounded a Rano Air aircraft with registration number 5N-BZY after it suffered an in-flight engine failure and cabin smoke incident during a Kano …
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EconomyFinance & ServicesNigeriaTechnology
Access ARM Pensions Urges Civil Servants to Make Voluntary Contributions
Access ARM Pensions has advised Nigerian civil servants to start making small but steady voluntary contributions to their Retirement Savings Accounts (RSAs) to help secure their financial future after retirement. …
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The Federal Government has introduced a major plan to change the Value-Added Tax (VAT) system in Nigeria. This new reform is aimed at giving states more control over VAT revenue …
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AfricaDevelopmentDigital EconomyEducationInformation TechnologyNigeriaScience
MERN Stack Development: Nigerian Digital Revolution’s Engine Room
In the bustling landscape of Nigeria’s burgeoning digital economy, a powerful quartet of technologies is quietly, yet profoundly, reshaping how web applications are built. This formidable alliance, affectionately known as …
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BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
Shell Buys 12.5% Bonga Oil Stake From TotalEnergies in $510m Deal
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
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EnvironmentHealthcareInfrastructureNigeriaPolicies
Nigeria Moves to Protect Coastal Areas with New Policy as Flooding Worsens
The Federal Government has taken steps to address the growing threats of flooding, erosion, and environmental degradation in Nigeria’s coastal regions through the development of a new Integrated Coastal Zone …
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BusinessEconomyGOVERNMENTNigeriaPolicies
Tinubu Suspends Controversial Financial Reporting Council Levy on Private Companies
President Bola Ahmed Tinubu has ordered a temporary suspension of the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which introduced new annual regulatory dues on large private …
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BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …