To commemorate World Water Day 2024 with the theme “Water for Peace,” Nestlé Nigeria, the Ogun State Government and the Ogun-Osun Water Basin Authority organised an event to raise awareness about the importance of water conservation and responsible water management practices. The event which took place in Abeokuta, highlighted the …

The International Finance Corporation (IFC) has announced a $1.25 billion financing support for Indorama Eleme Fertiliser and Chemicals Limited, Nigeria. The investment will allow Indorama to ramp up its fertiliser production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while …

Governor Gboyega Oyetola (right) and Interior Minister, Rauf Aregbesola. The long-standing feud between the camps of the Minister of Marine and Blue Economy, Adegboyega Oyetola, and former Governor Rauf Aregbesola has escalated further and reignited hostilities within the All Progressives Congress (APC) in Osun State. The conflict dates back to …

Nnamdi Kanu (middle) ..Says SEDC Bill At Conference Committee Stage Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu has revealed that frantic efforts are ongoing to secure the release of the leader of the Indigenous Peoples of Biafra (IPOB), Mazi Nnamdi Kanu. He said that while the court …

The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has said it welcomed the release of the circular of the Central Bank of Nigeria (CBN) on the banking sector recapitalisation. Recall that at the first announcement of the planned recapitalisation by the CBN Governor, Dr. Olayemi Cardoso, ACAMB, …

Dauda Lawal, governor of Zamfara state, says his administration never borrowed N14.26 billion as disclosed in the Debt Management Office (DMO) report. According to him, the debt reported by DMO was part of the proceeds from a N20 billion loan floated by the previous administration in the state. The governor disclosed …

A video of the incident seen captured the moment some of the shop owners were mourning as they watched their properties destroyed by the fire. Several shops were razed by a fire outbreak which started in the early hours of Tuesday at Owode Market in Offa, Kwara State.  A video …

Crude oil prices, on Monday, increased to a five-month high. Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent, to $83.83 percent, at 20.00 WAT. Consequently, the development puts both crude benchmarks on track for their highest closes since …

Electricity Grid Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms …

  The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. …