Nigeria May Triple Energy Tariff To Spur Investment, Price May Hit N200/kWh
Nigeria’s government plans to cut power subsidy for consumers in the coming weeks. It is likely to triple electricity tariffs.
Nigeria’s government plans to cut power subsidy for consumers in the coming weeks. It is likely to triple electricity tariffs.
“Products are being evacuated by sea and road,” a Dangote Refinery executive says as it’s petroleum products hit Nigerian market.
Transcorp Hotels’ audited results reveal profit for the year at N6.1bn in December 2023, up from N2.6bn in December 2022.
44-year-old pan-Africanist leftwinger, Bassirou Faye, has assumed Senegal’s presidency without any prior elected office experience.
As the price of gas purchased by Gencos increases, a hike in electricity tariff payable by Nigerian consumers seems inevitable.
A $175m bond payment will temporarily spare Trump the potential humiliation of seeing Trump Tower and Mar-a-Lago estate seized.
Nigerian manufacturers have bemoaned the negative impact of unverified social media statements about their businesses, and are seeking protection.
Consoling soldiers on recent losses, Nigeria’s Army Chief Lagbaja urged steadfastness, diligence, and commitment to duty amid ongoing operations.
Despite Syrian air defences intercepting some missiles, others struck the consulate, destroying “the entire building, killing and injuring everyone inside.”
Recent endorsements add to the support Rwanda’s Kagame has garnered from other political parties already aligned with the ruling RPF.
“We should promote our ‘Nigerianness’ rather than ethnicity or culture,” First Lady Remi Tinubu told visiting youths.
“We went there as human beings, as friends of Russia,” Fani-Kayode said on visit to Russian embassy.
Nigeria seeks to transform its auto industry through strategic infrastructure development and local manufacturing support, reveals Trade Minister Doris Anite.
Following the launch of his airline’s Lagos-London service, Allen Onyema reveals Air Peace plans for more international destinations in 2024.
In Q1 2023, the overall market performance measured by NGX ASI rose by 5.11% to close at 54,232.34 basis points.
Atiku has called on Nigerian opposition political parties to learn from Senegal and form a coalition ahead of 2027 election.
Palestinian Ambassador Shawesh says the US’ failure to call for an immediate ceasefire in Gaza indicates bias.
Despite withdrawing impeachment notice, lawmakers assert readiness to act if Governor Fubara continues flouting state laws and the Constitution.
Kaduna Governor Uba Sani says he can’t pay salaries without borrowing because El-Rufai left $587m, N85bn and N115bn “contractual liabilities.”
Aviation Minister Festus Keyamo says the commencement of Lagos-London flights by Air Peace will ease foreign exchange demand by Nigerians.
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