After the removal of the wasteful fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass transit.
The House of Representatives committee on public petition has lambasted the Enugu Electricity Distribution Company for not distributing electricity to some affected communities in Abia State in five years yet generated an estimated bill/debt to the tune of 2.1 billion Naira.
The Federal Ministry of Housing and Urban Development has concluded the allocation for the first batch of completed houses across the states of the Federation, for successful applicants under the National Housing Programme (NHP).
Nigerians have been thrown into darkness as the nation’s power grid experienced another collapse in the early hours of Monday, April 15, 2024.
Rabiu Abdulsamad, the CEO of BUA Group, recently expressed optimism about Nigeria's economic prospects following his visit to Asiwaju Bola Tinubu for Sallah homage in Lagos. in his remarks, Abdulsamad highlighted key areas of collaboration between the government and the private sector, emphasising the strides made in addressing the challenges facing the economy.
Wema Bank has announced its full Year 2023 Audited financial statement, recording profit before tax growth of 196 per cent from ₦14.75bn to N43.59 billion.
The Nigerian Electricity Regulatory Commission (NERC) has slammed a fine of N200 million on the Abuja Electricity Distribution Plc (AEDC) over the Disco’s non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for power distribution companies (DisCos).
A Federal High Court, Abuja, on Thursday, fixed April 8 for ruling on an objection raised by Tigran Gambaryan, a Binance Holdings Limited executive, challenging the competence of the Economic and Financial Crimes Commission (EFCC)’s charge.
Despite Nigerians lamenting about the high cost of living in the country since the coming of the present administration, the Nigerian Electricity Regulatory Commission (NERC) has gone ahead to approve the increase of electricity tariff for customers under the B and A classification.
Transmission Company of Nigeria (TCN) notes that it remains committed to managing the grid and ensuring grid stability amidst ongoing challenges such as the persistent low gas supply affecting power generation into the nation's grid.
UNDP on Tuesday 19th March, 2024 launched the Human Development Report 2023/2024 alongside the Minister of Finance of the Federal Republic of Nigeria, Honourable Wale Edun.
Cryptocurrency traders in Nigeria were at the weekend thrown into more suspense after the Federal Government slammed a $10 billion fine on Binance, the cryptocurrency trading platform over the free fall of the naira.
Members of Civil Society Organisations (CSOs) have poured into the streets in Edo and Osun states over the economic hardship in the country.
