IMF downgrades Nigeria’s economic growth projection to 3.1%
The International Monetary Fund has downgraded Nigeria’s Gross Domestic Product (GDP) growth for 2024 to 3.1 per cent as businesses...
Nigeria Economy
Zuba residents decry high cost of food items
Some residents of Yimi community in Zuba, Gwagwalada Area Council of the Federal Capital Territory (FCT) have decried the continuous...
Higher tariff worsens MDAs’ electricity backlog, threatens supply
Debt owed by Ministries Departments and Agencies to electricity distribution companies has spiked following the increase in electricity tariff for...
NiMet says there’ll be three days of thunderstorms, rainfall across Nigeria
The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and rainfall across the country from Monday to Wednesday. In its weather...
FG to boost power sector investment for economic development
The Federal Government on Monday, in Abuja expressed its commitment to engage with relevant stakeholders to boost power sector investment...
IOCs crude supply to local refineries based on willing buyer/willing seller basis — NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that, although the Petroleum Industry Act (PIA) mandates International Oil Companies...
Again, food prices push inflation to 34.19% in June – NBS
Omeiza Bilal Latest data from the National Bureau of Statistics has revealed that the headline inflation rate for June 2024,...
AEDC commits to job creation, upskilling for future power sector leaders
Omeiza Bilal The Abuja Electricity Distribution Company (AEDC) has announced its strategic initiatives aimed at actively contributing to and boosting...
Forget about price variation for 2024 projects, Umahi tells contractors
The Minister of Minister of Works, Senator David Umahi has told contractors handling the various federal road projects across the...
Provide monthly crude oil price quotes, NUPRC directs operators
Omeiza Bilal In a bid to ensure local refineries get adequate supply of crude, Nigerian Upstream Petroleum Regulatory Commission (NUPRC),...
