Business News

NNPCL denies adjusting fuel pump prices

The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPCL spokesperson, Olufemi Soneye,...

FG to liberalise metering, allow consumers buy directly from approve vendors

The federal government is considering a new policy that would enable consumers to directly purchase pre-paid meters from approved suppliers as part of its...

Edo mineral deposits can sustain 20 mega plants, says commissioner

The Edo State Commissioner for Mining and Energy, Enaholo Ojiefoh, has stated that the state has enough solid mineral deposits to sustain more than...

FG reiterates plan to boost power supply to 6,500MW in 6 months

The Minister of Power, Mr Adebayo Adelabu, has reiterated the Federal Government’s plan to raise electricity generation from 3,500 Megawatts(MW) to 6,500MW within the...

CBN clears $1.5bn outstanding fx transactions, eliminates legacy backlog

The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled. This is according to a statement by CBN’s Acting...

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