Business
Air Peace hikes Lagos-Abuja ticket to N200,000 from November
From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace is to hit N200,000. The...
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IMF projects slower economic growth for Nigeria in 2024
The International Monetary Fund has revised its economic forecast for Nigeria, projecting a slowdown in the country’s growth for 2024....
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Dangote refinery denies filing fresh lawsuit against NNPC
Dangote Petroleum Refinery has denied bringing a new case against Nigerian National Petroleum Company Limited. According to reports, the Dangote...
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Bill to protect local manufacturers passes 1st reading at Senate
A draft legislative bill seeking to protect Nigeria’s raw materials processing and local production has passed the the first reading...
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NERC reveals September report on national grid collapse
The Nigerian Electricity Regulatory Commission has revealed a factsheet on its operational performance for September. PUNCH Online reported that for...
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Cooking gas price rises by 114% in 16 months
The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu...
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Katsina residents paid highest for petrol as price jumped by over 64% in Sept
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from ₦626.21 in...
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FG capital spending drops by 25% – CBN
Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn...
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FG orders Discos to replace phased-out meters
The Federal Government has declared that electricity distribution companies must replace any meter phased out due to a meter upgrade....
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Power grid collapse inevitable due to outdated infrastructure – Adelabu
Adebayo Adelabu, Minister of Power, believes frequent system failures on the national grid are unavoidable owing to antiquated infrastructure. Adelabu,...
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