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.
Dangote Refinery Begins Supply of Petroleum Products To Nigerian Market
“Products are being evacuated by sea and road,” a Dangote Refinery executive says as it’s petroleum products hit Nigerian market.
Hospitality Giant Transcorp Hotels Reports Remarkable 36% Revenue Growth in 2023
Transcorp Hotels’ audited results reveal profit for the year at N6.1bn in December 2023, up from N2.6bn in December 2022.
From Prison To Presidency: Bassirou Faye Sworn In As Senegal’s Youngest President
44-year-old pan-Africanist leftwinger, Bassirou Faye, has assumed Senegal’s presidency without any prior elected office experience.
Gas Price Increase Raises Fears of Electricity Tariff Hike in Nigeria
As the price of gas purchased by Gencos increases, a hike in electricity tariff payable by Nigerian consumers seems inevitable.
Trump Posts $175m Bond In New York Civil Fraud Case To Stave Off Asset Seizures
A $175m bond payment will temporarily spare Trump the potential humiliation of seeing Trump Tower and Mar-a-Lago estate seized.
Nigerian Manufacturers Call for Fair Regulatory Framework to Protect Against Social Media Trial
Nigerian manufacturers have bemoaned the negative impact of unverified social media statements about their businesses, and are seeking protection.
Nigeria’s Army Chief Lagbaja Vows To Defeat Insurgents, Bandits
Consoling soldiers on recent losses, Nigeria’s Army Chief Lagbaja urged steadfastness, diligence, and commitment to duty amid ongoing operations.
Israeli Airstrike Destroys Iranian Consulate In Syria, State Media Reports
Despite Syrian air defences intercepting some missiles, others struck the consulate, destroying “the entire building, killing and injuring everyone inside.”
Seven Political Parties Endorse Kagame As Presidential Candidate In Rwanda
Recent endorsements add to the support Rwanda’s Kagame has garnered from other political parties already aligned with the ruling RPF.
Remi Tinubu To Youths: Align Yourself With Government Programs and Vision
“We should promote our ‘Nigerianness’ rather than ethnicity or culture,” First Lady Remi Tinubu told visiting youths.
Russian Embassy Visit Not Government Mission But Gesture Of Humanity, Fani-Kayode Clarifies
“We went there as human beings, as friends of Russia,” Fani-Kayode said on visit to Russian embassy.
Nigeria Unveils 10-Year Plan to Build Own Vehicles, Revitalise Auto Industry
Nigeria seeks to transform its auto industry through strategic infrastructure development and local manufacturing support, reveals Trade Minister Doris Anite.
Onyema: Air Peace Ready To Fly Abuja-London Route If Government Allows, Houston, New York in the Works
Following the launch of his airline’s Lagos-London service, Allen Onyema reveals Air Peace plans for more international destinations in 2024.
Nigerian Stock Market Records 39.84% Gain, Emerges Second Best Performing In Africa Amid Economic Reforms
In Q1 2023, the overall market performance measured by NGX ASI rose by 5.11% to close at 54,232.34 basis points.
Atiku Calls For Opposition Coalition, Cites Senegal’s Election As Example for Nigeria
Atiku has called on Nigerian opposition political parties to learn from Senegal and form a coalition ahead of 2027 election.
Palestinian Envoy To Nigeria Accuses US Of Bias In Failed Gaza Resolution, Highlights Israeli Aggression
Palestinian Ambassador Shawesh says the US’ failure to call for an immediate ceasefire in Gaza indicates bias.
Again, Rivers Lawmakers Threaten To Oust Governor Fubara Over Alleged Misconduct
Despite withdrawing impeachment notice, lawmakers assert readiness to act if Governor Fubara continues flouting state laws and the Constitution.
Kaduna Governor Uba Sani Laments Huge Debt Burden By El-Rufai Administration
Kaduna Governor Uba Sani says he can’t pay salaries without borrowing because El-Rufai left $587m, N85bn and N115bn “contractual liabilities.”
Nigeria’s Aviation, Trade Ministers Hail Air Peace as Inaugural Lagos-London Flight Lands in Gatwick
Aviation Minister Festus Keyamo says the commencement of Lagos-London flights by Air Peace will ease foreign exchange demand by Nigerians.
