Nigeria’s crude oil and condensate production experienced a downward trend for three consecutive months, falling to 1,438,129 barrels per day (b/d) in March 2024, as […]
Category: Economy
Economy
Federal Government Plans Tolling for Lagos-Calabar Coastal Highway Project to Recoup Investment
The Federal Government plans to recover its investment in the Lagos-Calabar Coastal Highway project through tolling over 15 years, according to Works Minister Dave Umahi. […]
Electricity Supply Struggles to Meet New Tariff’s 20-Hour Benchmark, Raises Concerns
Shortly after the implementation of a new tariff regime that increased electricity prices by 231 percent for category A consumers, concerns have arisen regarding the […]
Dangote’s Diesel Price Slash Aims to Tackle Inflation, States Aliko Dangote
Dangote Group’s President, Alhaji Aliko Dangote, announced a significant cut in diesel prices by the Dangote Refinery, a move expected to impact inflation positively. With […]
Oil Prices Slide as US Crude Stockpiles Surge!
Oil prices fell on Wednesday as new data from the United States government revealed a larger-than-expected increase in crude oil and fuel inventories. The report […]
NERC: Over 20% of Band A Consumers Without Prepaid Meters
After one week under the new electricity tariff regime, reports from the Nigerian Electricity Regulatory Commission (NERC) indicate that over 20 percent of consumers in […]
Lagos Assembly to Probe Alleged Funds Mismanagement in Eti-Osa East LCDA
The Lagos State House of Assembly, through its member representing Surulere Constituency, Desmond Elliot, has announced plans to investigate allegations of misappropriation of funds against […]
Lagos State Ministry of Environment Demolishes Restaurant
The Lagos State Ministry of Environment’s Monitoring, Enforcement, and Compliance Department demolished a restaurant structure located on a drainage setback along Ademola Tokunbo Street, Victoria […]
Amnesty International Urges Nigeria to Halt Evictions in Lagos Waterfront Communities
A human rights organization, Amnesty International, has urged the Federal Government to retract a 21-day eviction notice issued to waterfront communities in Oworonshoki, Lagos, by […]
EFCC Probes 50 Bank Accounts, Recovers N30 Billion in Ministry Scandal
The Economic and Financial Crimes Commission (EFCC) is investigating 50 bank accounts in connection with alleged scandals in the Ministry of Humanitarian Affairs and Poverty […]