The 6 Division of the Nigerian Army in Port Harcourt has reported a major crackdown on illegal refineries across the Niger Delta, deactivating three artisanal […]
Category: Economy
Economy
FG’s New Jet for Presidential Fleet is Refurbished, Not Newly Acquired – Onanuga Clarifies
Presidential spokesperson Bayo Onanuga has clarified that the Federal Government recently acquired a refurbished jet, not a new one, for the presidential fleet. Speaking on […]
Nigeria’s Public Debt Rises to N134.3tn Amid Naira Devaluation, Oversubscribed Domestic Dollar Bond
Nigeria’s public debt stock surged by N12.6tn in the second quarter of 2024, reaching N134.3tn ($91.3bn), largely driven by the naira’s devaluation, according to a […]
Dangote Refinery Begins Direct Petrol Supply to Marketers, Bypasses NNPC
The Dangote Petroleum Refinery has started supplying Premium Motor Spirit (PMS), popularly known as petrol, directly to oil marketers, bypassing the Nigerian National Petroleum Company […]
Nigeria’s Power Woes: National Grid Collapses Despite Billions in Loans
Nigeria’s national grid has collapsed 105 times in recent years, despite significant investments and multiple loans aimed at revamping the power sector. Under both President […]
Four Vessels Deliver 123.4 Million Litres of Petrol to Boost Nigeria’s Fuel Supply
No fewer than four vessels carrying a combined 123.4 million litres of Premium Motor Spirit (PMS), commonly known as petrol, arrived at Nigeria’s seaports between […]
Nigerian Air Force Airlifts Relief Materials to Flood Victims in Borno State
The Nigerian Air Force (NAF) has reaffirmed its commitment to supporting civil authorities by completing a crucial airlift mission on 16 October 2024. This mission […]
Henry Akinduro Sues EFCC for N5 Billion Over Unlawful Declaration as Wanted
Dr. Henry Akinduro, CEO of Global Signature Hotel and Total Grace Group Limited, has filed a N5 billion lawsuit against the Economic and Financial Crimes […]
World Bank Urges Nigerians to Back Economic Reforms, Warns Against Reversal
The World Bank has called on Nigerians to support the country’s ongoing economic reforms, warning that reversing them could have dire consequences. Speaking at the […]
Chief Dr. Tony Amechi Showcases Delta State’s Investment Opportunities at Ireland-Nigeria Investment Partnership Conference 2024
The Ireland-Nigeria Investment Partnership Conference 2024, held on October 15 at the Hilton Dublin Airport Hotel, Dublin, marked a pivotal moment in fostering deeper bilateral […]