N-Power and FG’s broken promises
SIR: Recent issues surrounding the operation of the federal government’s social investment programme especially, the N-power scheme, seem to further justify the position of those
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Nigeria’s trade deficit rises 49% to $2.5bn
*Capital importation drops 31% The nation’s trade deficit rose month-on-month by 49 percent to $2.5 billion in January from $1.69 billion in December last year
OPEC, others prepare to relax oil production quotas
Crude oil production by the Organisation of the Petroleum Exporting Countries and allies is scheduled to rise by a collective 350,000 barrels per day starting
US imports of Nigerian oil slumps to five-year low
The United States slashed its imports of Nigerian crude oil by 64.12 per cent in 2020 to the lowest in five years. The North American
Local content: Lawmakers probe ExxonMobil over contract splitting
The House of Representatives on Wednesday accused global oil giant, ExxonMobil, of breaching local content laws in Nigeria. The House is specifically investigating the IOC
Disco faces Reps query for 10-year outage in Bauchi communities
The House of Representatives has resolved to investigate Jos Electricity Distribution Company over its failure to supply electricity to some communities in Bauchi State in
NESG submits economy revival report to Buhari soon – Minister
The President, Major General Muhammadu Buhari (retd.), is to receive the recommendations of the Nigerian Economic Summit Group on how to revamp the economy soon,
Fire at Kano office will not affect our operations, says INEC
The Independent National Electoral Commission (INEC) has said that the fire incident at its Kano Office’ Data Processing Centre (DPC) would not in any way
Petrol landing cost hits N216, daily subsidy now N4.64bn
The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in
Court hasn’t ordered EFCC to recover money from Okorocha – Aide
An aide to a former governor of Imo State, Rochas Okorocha, on Tuesday said no court in Nigeria had ordered the Economic and Financial Crimes
