Business

Dangote Refinery Set to Receive 400,000 Barrels of Crude Daily Under New Agreement

The Federal Government has initiated a transformative naira-for-crude agreement that will supply Dangote Refinery with up to 400,000 barrels of Nigerian crude oil daily. This significant deal, which aims to…

August 14, 2025

Business

Nigeria’s Revenue Surges by N9.1tn in Six Months

Nigeria's revenue has soared by N9.1 trillion in the first half of 2024, coupled with a savings of N900 billion from the Federation Account Allocation Committee (FAAC) deductions. This significant…

August 14, 2025

Business

National Grid Crisis: Transformer Explosion Causes Third Collapse – NERC

•Promises Investigative Hearing as Power Outages Disrupt States The Nigerian Electricity Regulatory Commission (NERC) has confirmed that a current transformer explosion triggered the latest collapse of the national power grid,…

August 14, 2025

Business

BREAKING: Court Halts CBN Fund Disbursement to Rivers State

The Federal High Court in Abuja has issued a restraining order preventing the Central Bank of Nigeria (CBN) from releasing monthly financial allocations to the Rivers State government, citing constitutional…

August 14, 2025

Business

Why Nigeria’s National Grid Collapsed Again – TCN

The Transmission Company of Nigeria, TCN has revealed why the national grid collapsed again. Recall that we had reported that the grid collapsed around 1:52 pm on Tuesday due series…

August 14, 2025

Business

Bitcoin Soars 28% to Record High After Trump’s US Election Win

Bitcoin has surged to an all-time high, jumping 28% to close at $88,701 on Monday, following Donald Trump’s victory in the United States presidential election last week. The digital currency’s…

August 14, 2025

Business

Nigeria’s Economic Reforms Fail to Work –IMF

Nigeria’s ongoing economic reforms have yielded disappointing results, according to the latest report from the International Monetary Fund (IMF), presented at the Lagos Business School on Friday. Despite over a…

August 14, 2025

Business

Reps Approve 2025 Budget Framework, Sets N1400 Exchange Rate for Dollar

The House of Representatives has approved the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), setting the stage for the presentation of the 2025 federal budget. The framework,…

August 14, 2025

Business

Marketers Reject N1,030 per Litre Petrol Price as Port Harcourt Refinery Resumes Operations

The Port Harcourt Refining Company (PHRC) has confirmed that its operations were temporarily scaled down to facilitate necessary upgrades, quelling fears that the refinery had halted production entirely. This clarification…

August 14, 2025

Business

Aba Power Seeks 123% Electricity Tariff Increase to Offset Operational Losses

Aba Power Limited (APLE) has proposed a significant hike in electricity tariffs for its franchise area, seeking an increase of 123.33% from January 1, 2025. The request, made during a…

August 14, 2025