Gencos loses N1.8tn as power generation crashes
The available generation capacity in Nigeria’s power sector dropped again in 2022, as it crashed from the 6,336.52 megawatts recorded...
Economy/Technology
World Bank projects Nigeria’s loan repayments to gulp 62% of revenue
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria (CBN)...
Scarcity: FG plans inspection of fuel stations’ tanks
Oil marketers have said the Federal Government should evacuate and dispense the products currently trapped in the depots which were...
New tax on soft drinks irks manufacturers
The Manufacturers Association of Nigeria (MAN) insists that the imposition of 20 per cent ad valorem tax on soft drinks...
States open Year with timely budgets
Some governors have unveiled their budgets to kick start activities in 2023, marking the beginning of normalising the year to...
Ajaokuta Steel to create additional 500,000 jobs
President Muhammadu Buhari, in the course of the week, said the Ajaokuta Steel Complex would provide 500,000 estimated jobs for...
Stakeholders urge NAICOM to reverse new policy on third party insurance
The Insurance Consumers Association of Nigeria (INSCAN) has called on the National Insurance Commission (NAICOM) to reverse its directive on...
Tanzania blames its trading partners for underperformance
The Bank of Tanzania has blamed high inflation on most of the country’s trade partners, and the high commodity prices...
Food and transport costs keep December inflation high
High food and transport prices continued to be the main pressing issues for households in December, even as inflation fell...
Full deregulation will curb fuel smuggling – Experts
Some oil and gas experts on Friday said full deregulation of the downstream sector of the petroleum industry was the...
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