A considerable number of the over 44 million micro and small medium enterprises (MSMEs) in Nigeria have shut down due to the challenging operating environment, […]
Category: Economy
Economy
Nigeria’s Crude Oil Production Declines for Third Consecutive Month
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 […]
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 […]