NLC rejects N6tn power bailout, demands sector reforms
The Nigeria Labour Congress (NLC) has rejected the proposed N6 trillion bailout for Nigeria’s electricity sector, warning that repeated financial interventions have failed to improve power supply across the country.…
Nigerian cocoa farmers face massive debt as prices crash 70%
Cocoa farmers in Ondo, Osun, and Ekiti have expressed deep concern over a dramatic fall in cocoa bean prices, which they say has left many in financial distress and…
Airfares hike imminent as jet fuel price doubles
There are indications that airfares may jump in the coming weeks following the hike in the cost of aviation fuel, commonly referred to as Jet A1, a development that is…
IGP rationalises tactical teams to free more officers for regular duties
The Inspector-General of Police (IGP), Olatunji Disu, has ordered that tactical teams across Nigeria be limited to a maximum of five per state and three per division. The directive…
Iran threatens to close Strait of Hormuz if US attacks power plants
Iran says it will completely close the Strait of Hormuz if United States President Donald Trump carries out his threat to bomb Tehran’s power plants. On Saturday, Trump said he…
Dangote refinery exports 456,000 tonnes of petroleum products to Ghana, Togo
The Dangote Petroleum Refinery says it has successfully completed the sale of 12 cargoes of refined petroleum products, totalling 456,000 tonnes (456KT). Briefing journalists on Sunday, the organisation said the…
Chagoury Group to handle N1.4trn Lagos ports project
Indications have emerged that ITB Nigeria, a construction firm owned by a Lebanese-Nigerian businessman and President Bola Tinubu’s longtime associate, Gilbert Chagoury, will execute the renovation contract of Lagos Tin…
Buratai asks FG to move against terrorism financiers
A former chief of army staff, Lt Gen Tukur Buratai (retd) has called on the federal government to take action against terror financiers, adding that the military alone cannot rout…
Ghana, South Africa turn to Dangote refinery amid Middle East conflict
Some African countries that have long depended on large refineries in the Persian Gulf for fuel are now looking to Dangote refinery as an alternative source. According to a Bloomberg…
Two killed in Lagos gas truck explosion
Tragedy struck in the early hours on Saturday when two people, a tipper driver and his assistant, both male adults were burnt beyond recognition, and many others injured when he…
