Tinubu stops electricity tariff hike, insists on subsidy
President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on...
IATA’s September 2023 Global Air Cargo Data Shows Demand Recovery
The International Air Transport Association (IATA) has released data for September 2023 global air cargo markets, showing continuing demand recovery....
NEITI Submits $74.386bn 12-year Subsidy Expenditure Report to Reps
The Nigeria Extractive Industries Transparency Initiative (NEITI) has presented a detailed report on the expenditure of $74.386 billion in fuel...
Oil rises ahead of Fed meeting as Middle East conflict persists
Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including...
National Bureau of Statistics Initiates Third Phase of National Strategy for Statistical Development
The National Bureau of Statistics (NBS) has commenced the formulation of the third phase of the National Strategy for the...
NDIC refunds N1.2bn to depositors of liquidated MfBs
The Nigeria Deposit Insurance Corporation (NDIC) has reported that it is in the process of refunding more depositors of microfinance...
Asia Stocks Gain Before FOMC, Yen Rises on Warning
Shares in Asia in Asia traded broadly higher ahead of Wednesday’s Federal Reserve decision. The yen strengthened from near its weakest...
Elon Musk to do a live interview with UK PM Rishi Sunak on Thursday evening.
The tech billionaire is expected to attend the global summit on artificial intelligence ahead of this meeting. he summit, at...
BP posts profits of $3.3bn as oil prices rise again
Energy giant BP has reported lower than expected profits despite global oil prices rising again. The company posted profits of...
Nigeria’s Power Sector 10 Years After Privatization: Minister Threatens Sanctions Over Poor Performance
The Minister of Power, Adebayo Adelabu, has issued a stern warning, threatening to revoke the licenses of underperforming companies in...
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