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Energy Sector

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CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
News

Peter Obi Cleared to Contest NDC Presidential Primary Ahead of 2027 Election

KEY POINTS Peter Obi was cleared by the NDC screening committee to contest its...
News

Petrol Imports from Malta Surge 342% Amid Dangote, NNPC Rift

Nigeria's petrol imports from Malta have surged by 342% amid a rift between Dangote and NNPC. The increase underscores the need for reforms in the energy sector.
News

Nigeria Finalizes Bid Process to Sell Five Power Plants for $1 Billion

Nigeria takes a significant step towards revitalizing its energy sector with the privatization of five power plants, aiming to attract investment and improve reliability.
News

Tinubu Set to Inaugurate Three Gas Infrastructure Projects

In a significant development for Nigeria's energy sector, prominent political figure Tinubu is poised...
News

Vessels Trapped in Escravos: Fuel Shortage Looms in Nigeria

A looming fuel shortage in Nigeria has been attributed to vessels trapped in the...
News

Federal Government Plans to Offload Banks’ Managed Discos

In a move aimed at restructuring Nigeria's energy sector, the federal government has announced...
News

Nigeria Wastes Gas Equivalent to Powering 4 Million Homes Amid Power Outages

LAGOS – Nigeria, Africa’s largest economy, is burning off vast quantities of natural gas...

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Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
News

Peter Obi Cleared to Contest NDC Presidential Primary Ahead of 2027 Election

KEY POINTS Peter Obi was cleared by the NDC screening committee to contest its...
Politics

Desmond Elliot Withdraws from Lagos APC Primary, Alleges Intimidation of Supporters

KEY POINTS Desmond Elliot withdrew from the APC primary for Surulere 1, citing intimidation...
Politics

Tonye Cole Withdraws from Rivers APC Governorship Primary Ahead of 2027 Election

KEY POINTS Tonye Cole withdrew from the Rivers APC governorship primary after consultations with...