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Category: Business
2,000MW electricity generation capacity stranded due to N600bn debt – NDPHC
The management of Niger Delta Power Holding Company has lamented that its 2,000-megawatt electricity generation capacity is stranded due to N600 billion in gas debts…
Naira appreciates against dollar across official, black markets
The naira on Wednesday appreciated against the dollar across official and parallel foreign exchange markets. Central Bank of Nigeria (CBN) official exchange rate data showed…
Dangote refinery commits to petrol price stability, reduction in Nigeria
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to premium motor spirit price stability despite the fluctuations in global crude oil prices. The 650,000…
FG to sell 753 housing units estate recovered from Emefiele
The Ministry of Housing and Urban Development has officially taken delivery of a 753-unit housing estate formerly owned by embattled ex-Central Bank Governor, Godwin Emefiele….
Nigerian economy stabilising — CBN Gov, Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the Nigerian economy has stability. He disclosed this at the press briefing…
N4.7tn debt: Gencos demand date to meet Tinubu
Electricity generation companies want President Bola Tinubu to hasten the plan of meeting with the firms over the N4.7tn power sector debt to the Gencos….
Air Peace spokesman resigns
The Head of Corporate Communications at a Nigerian carrier, Air Peace, Dr. Ejike Ndiulo has resigned barely six months after his appointment. His sudden departure…
Naira records highest depreciation against dollar at official market
The Naira depreciated against the dollar at the official foreign exchange market on Friday to end the week on a negative note. The Central Bank…
Nigeria’s external reserves grew by 5.6% to $38.8bn in 2024 — CBN
The Central Bank of Nigeria (CBN), has reported that the country’s external reserves grew by 5.6 per cent (approximately $2.2 billion) to reach $38.8 billion…
NNPCL reduces fuel price to N910 per litre
Nigerian National Petroleum Company Limited (NNPCL), has reduced its retail price of Premium Motor Spirit. Our correspondent observed on Saturday that NNPCL retail outlets along…