OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility
Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil...
NCoS partners with REA to tackle power challenges in correctional centres
The Nigeria Correctional Service (NCoS) and the Rural Electrification Agency (REA) have signed a Memorandum of Understanding (MoU) to deploy...
Tinubu manipulating statistics to downplay Nigeria’s economic woes, says Peter Obi
Former Anambra State Governor and Labour Party presidential candidate in the 2023 elections, Peter Obi, has accused President Bola Ahmed...
Africa’s commodity exports drop by 5.6% amid oil price slump in Nigeria, Angola, others – UNCTAD
Africa recorded a 5.6% decline in the value of its commodity exports between 2021 and 2023, largely due to falling...
Fitch affirms Kogi, Oyo’s credit outlook as Stable, flags overreliance on federal allocations
Credit rating agency Fitch Ratings has affirmed the Long-Term (LT) Issuer Default Ratings (IDRs) of Kogi and Oyo States at...
President Tinubu backs N4 trillion bond to resolve power sector liabilities
President Bola Tinubu has given anticipatory approval for a N4 trillion bond initiative aimed at addressing the liquidity shortfall in...
Naira strengthens in parallel market, closes week at N1,520/$1, stronger than CBN rate
The Naira closed the week on a high note in the parallel market, reaching N1,520/$1, making it the strongest performance...
EERC defends tariff review, projects 700MW power demand for Enugu by 2031
The Enugu Electricity Regulatory Commission (EERC) has defended the recent review of electricity tariffs in the state, emphasizing that the...
FG to states: You lack power to slash electricity tariffs – NERC warns Enugu, others
The Nigerian Electricity Regulatory Commission (NERC) has declared that state governments and their regulatory agencies lack the authority to unilaterally...
Moody’s upgrades Ecobank’s rating outlook from ‘negative’ to ‘stable’
Credit rating agency Moody’s has upgraded Ecobank Transnational Incorporated’s (ETI) outlook from “negative” to “stable”.
