Tinubu signs Electricity Act 2023 into Law
President Bola Ahmed Tinubu has signed the Electricity Act 2023 just 10 days after taking office.
The Electricity and Power Sector Reform Act of 2005...
Nigeria’s oil industry income dropped by 60% in February to N308bn – CBN
In February 2023, Nigeria's oil-related revenue dropped by 60% to N308.07 billion. According to the Monthly Economic Report, or MER, released on Thursday by...
We didn’t devalue Naira – CBN
The Central Bank of Nigeria, CBN, has dismissed reports that it devalued the Naira.
Reports had earlier emerged that CBN devalued Naira from N631 to...
NNPCL clears $3.8bn Joint Venture cash-call debts to IOCs
The Nigerian National Petroleum Company Limited, NNPCL, says it has cleared the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies,...
Naira diminish to N464.42 against Dollar at official exchange market
Barely five days before the inauguration of the incoming government, the Naira on Tuesday depreciated at the Investors and Exporters window, exchanging at N464.42...
Buhari inaugurates Dangote refinery, says game changer for Nigeria’s economy
Buhari inaugurates Dangote refinery, says game changer for Nigeria’s economy
President Muhammadu Buhari has inaugurated the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos.
On Monday, Femi Adesina,...
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