Newscenter Media News Nigeria has increased its electricity generation capacity by 2,000 megawatts (MW) in just two years, a feat that previously took nearly four decades to achieve. The Minister of Power, Adebayo …
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CPPE kicks against FG’s plan to ban solar panel importation
The Centre for the Promotion of Private Enterprise (CPPE) has kicked against the plan by the Federal Government to ban the importation of solar panels into the country. The economic …
Read More »NGX: Equities market still in holiday mode as investors shed N59bn
The Nigerian equities market returned from the Eid-el-Fitr holiday with a N59 billion loss for investors at the close of trading on Wednesday. This followed a dip in the share …
Read More »END OF AN ERA! Kyari out as Tinubu approves sweeping changes in NNPC
In a move akin to a midnight coup d’etat, President Bola Ahmed Tinubu in the early hours of Wednesday sacked the Group Chief Executive Officer of the Nigerian National Petroleum …
Read More »FG urges IOCs to raise investments in Nigeria
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Tuesday urged International Oil Companies (IOCs) in Nigeria to increase investments in the oil and gas sector. Lokpobiri, according …
Read More »NIPSS predicts petrol price drop as local refineries boost supply
The National Institute for Policy and Strategic Studies (NIPSS) has projected a significant reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, as local refineries, including …
Read More »SA, Egypt, Nigeria lead as Africa’s exports, imports surge to $682bn, $719bn in 2024
South Africa, Egypt and Nigeria have emerged in the top three positions as Africa’s exports rose to $682 billion while imports also surged to $719 billion in 2024 despite slower …
Read More »Mutual Benefit, Sunu Assurance, Royal Exchange top stocks to watch this week
The Nigerian equities market recovered from four consecutive bearish weeks to post N437 billion gain at the close of trading last week. The equities market gained in three of the …
Read More »Reps recover additional N21.4bn owed Nigerian govt by Aradel, Midwestern oil, others
The House of Representatives Public Accounts Committee (PAC) has disclosed the additional recovery of $14.2 million (N21.4 billion) from four oil firms in its ongoing probe into financial discrepancies in …
Read More »Tinubu assents to Investments and Securities Act 2025
President Bola Tinubu had given assent to the the Investments and Securities Act (ISA) 2025, which repeals the Investments and Securities Act No. 29 of 2007. This was made known …
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