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Business and Economy

NNPCLtd records 134.8% profit growth, earns N674bn PAT in 2021

THE Nigerian National Petroleum Company Limited (NNPCLtd) has disclosed it made a profit after tax of N674 billion for 2021. The Group Chief Executive Officer,...

Ogoni Oil Spill: Floundering Clean-up roadmap and tales of anguish of oil communities

THE Hydrocarbon Pollution Remediation Project, HYPREP, under the Federal Ministry of Environment, was charged with the responsibility "to ensure full environmental recovery and restoration...

Shell acquires Nigerian solar firm, Daystar

OIL giant, Shell has today acquired Daystar Power, a Lagos and West African provider of hybrid solar power solutions to commercial and industrial (C&I)...
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Lagos State takes delivery of trains for red line

THE Lagos State government has taken delivery of trains for its red line rail system. This was disclosed by the senior special assistant (SSA) to...

Again, CBN raises interest rates to 15.5%

THE Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again voted to increase the benchmark interest rate (monetary policy...

Blackout as national grid collapses again

NIGERIA has been plunged into darkness following a fresh collapse, today, of the national electricity grid. According to a notice by the Abuja Electricity Distribution...
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PenCom allows workers to pay mortgage with pension

THE National Pension Commission (PENCOM) has allowed workers to use their pensions to pay for mortgage. In a statement on Friday, September 23, PENCOM said workers...

FIRS warns government agencies over contracting collection of taxes to consultants

THE Federal Inland Revenue Service (FIRS) has warned Ministries, Departments and Agencies of Government (MDAs) over the appointment of consultants and concessionaires to collect...

Flight Delays: FCCPC directs passengers to complain, seek redress

THE Federal Competition and Consumer Protection Commission (FCCPC) has directed air passengers to seek redress, and complain whenever they experience flight delays. Executive Commissioner (Operations),...
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