Sectors

Nigeria must accelerate reforms to reach 2.7mbpd by 2030 – Society of Petroleum Engineers

August 1, 2025

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Sectors

News about Companies, SMEs, Startups

The Nigerian Electricity Regulatory Commission (NERC), National electricity grid collapses again, as NUEE suspends strike action , FG to increase electricity tariffs in order to improve power supply, Power: Liquidity crisis-same old story in 2020?, GenCos urges NBET to pay up N1 trillion debt, Electricity Tariff: FG, electricity stakeholders to work on equitable rate , Power: NERC applies "brakes" on hike in tariffs, NERC to sanction 7 DisCos over uncapped estimated billing

President Buhari reportedly approves electricity tariff increase from September 1st 2020

by Abiola Odutola

Electricity Tariff hike is set to go live on September 1, 2020.

Manufacturing

GDP: Nigeria’s manufacturing sector on tight ropes

by Omokolade Ajayi

Only two sub-sectors in the manufacturing space reported real growths.

Tech News

Can 5G change the face of remote work?

by Jewel Banks

Between better Internet connectivity and more security, 5G is a boon for every remote worker.

PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

Electricity: FG approves one year waiver of import levy on meters

by William Ukpe

The new regulations would be in line with its commitment to support Nigeria’s electricity reforms.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Financial Services

CBN urges banks to ‘support’ media, aviation industries to avert growing job losses

by Emmanuel Abara Benson

The media and aviation sectors are among the hardest hit by the pandemic, hence CBN's call.

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

NNPC reveals survival strategies to cope with oil sector downturn and new normal

by Chike Olisah

Kyari also disclosed that NNPC is also investing in domestic gas utilization projects.

Hospitality & Travel

Airline operators will pay $3,500 per passenger if they break protocols – PTF COVID-19

by Ruth Okwumbu-Imafidon

Airlines would pay a fine of $3,500 on every passenger lifted without presenting a negative COVID-19 test result.

TikTok to relocate headquarters to London following approval by UK ministers

Tech News

TikTok has 700 million monthly active users, up by 800% since 2018

by Olumide Adesina

This month, TikTok surpassed 2 billion global downloads and reported nearly 700 million monthly active users in July.

CBN moves to ring-fence Disco collections

by Abiola Odutola

The apex bank instructed all DisCo collections and remittances of the DisCos to both NBET and TCN will now be...

There is fuel in the country but it is in the wrong locations – Mele Kyari