In its drive for a 100% renewable energy transition for two of its breweries, Lagos and Ama Brewery, Nigeria’s foremost brewing company, Nigerian Breweries Plc, has signed a historic power purchase agreement with Konexa, a UK-based energy developer and investor.

An Abuja-based master baker, Miss Faith Iwu, has threatened to sue the Guaranty Trust Bank (GTB) if alleged restriction placed on her account is not lifted.

Just last week, the Central Bank of Nigeria announced its decision to maintain 5% as the ceiling for ways and means advances to the Federal Government for the fiscal year 2024-2025, after a House of Representatives Bill had passed a Bill recently to increase it to 10%.

Following the recent decline in headline inflation as announced by the National Bureau of Statistics, many Nigerians have picked up a call for the Central Bank of Nigeria to suspend any further hike in the Monetary Policy Rate, seeing the decline as a positive signal that inflation was finally being reined in.

The Managing Director/Chief Executive Officer (MD/CEO) of Lafarge Africa Plc (LAP), Lolu Alade-Akinyemi, on Tuesday, said the company is working assiduously to contribute to Nigeria’s energy stability alongside providing power to sustain its operations.

…Invests $10m to convert municipal waste to energy in Calabar

Innovative building solutions company, Lafarge Africa Plc (LAP) has expressed commitment to ensure that its operations meet and exceed environmental standards in the country.

The Democratic Front (TDF) has hailed the influx of Foreign Portfolio Investments (FPIs) of nearly N600bn into the country as a welcome development, saying this was made possible through the inventive monetary policy of the President Bola Tinubu administration.

The NNPCL has reacted to comments credited to former Vice President Atiku Abubakar in which he expressed astonishment at how the NNPC “placed its retail division under the management of OVH", a company in which Oando, headed by Wale Tinubu, owns 49 per cent.

The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate decreased to 33.40 per cent in July 2024.

The movement of 10,000 containers by rail in the first half of 2024 from Lagos Sea ports to various destinations is an early sign of an emerging revolutionary trend that will ease transportation of goods.

The Central Bank of Nigeria (CBN) has been informed of a high-profile extortion attempt involving senior executives of Ecobank Nigeria against a UAE-based company.

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.