Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.

Amidst the backdrop of foreign exchange challenges, telecom giants MTN and Airtel have reported...

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...

Nigeria unveils new mobile power stations in Lagos and Kebbi states, adding 625MW to the national grid. The project is part of a government initiative to improve power supply and could lead to economic growth and better living standards.

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

Pipeline Infrastructure Nigeria Limited (PINL), responsible for safeguarding oil pipelines in Delta State, Nigeria, is under scrutiny for its performance. Despite accusations of underperformance, PINL receives backing from local experts, government officials, and community leaders who tout the company's success in reducing pipeline vandalism and boosting the regional economy.

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

Nigerian civil society organizations (CSOs) are demanding stronger action against corruption in the government. The groups are urging political parties to denounce members facing corruption charges and calling for increased transparency and accountability within government institutions.

In a strategic move aimed at wooing global investment, former Lagos State Governor and...

In a surprising turn of events, former Benue State Governor Samuel Ortom urged Yahaya Bello, the immediate past governor of Kogi State, to surrender himself to the Economic and Financial Crimes Commission (EFCC) amid ongoing corruption investigations. Ortom's statement comes after Bello's recent absence from court hearings related to the EFCC probe.

Lagos Governor Babajide Sanwo-Olu and Senator Adetokunbo Abiru are advocating for the urgent dualization of the Ikorodu-Itokin Road, a vital artery for economic activity in the region. The road's rehabilitation and planned dualization are expected to significantly improve traffic flow and boost economic growth in Lagos State and beyond.