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FG, NARTO meeting ends in deadlock

Nigeria, Feb. 20 -- The meeting between the Nigerian Association of Road Transport Owners (NARTO) and officials of the federal government over the suspension of petroleum product loading activities en... Read More


Fuel scarcity looms as NARTO directs members to withdraw services

Nigeria, Feb. 19 -- The Nigerian Association of Road Transport Owners (NARTO) has directed its members to withdraw their trucks from petroleum product loading activities with effect from Monday, 19 Fe... Read More


BUA Foods invests $200 million in sugar project

Nigeria, Feb. 17 -- The Managing Director of BUA Foods, Ayodele Abioye, on Wednesday revealed that the company has invested over $200 million in its integrated sugar estate project. Mr Abioye, who di... Read More


EU to invest €37 million in Nigeria's power sector

Nigeria, Feb. 17 -- The European Union (EU) is set to invest €37 million in the Nigerian power sector. Bolaji Tunji, special adviser on strategic communication and media relations to the Minist... Read More


Cost of Living Crisis: NLC to embark on nationwide protest

Nigeria, Feb. 17 -- The Nigeria Labour Congress (NLC) has declared a two-day nationwide notice for 27 and 28 February to protest against the economic hardship being experienced in the country. The NL... Read More


Why there is poor electricity supply in Abuja - AEDC

Nigeria, Feb. 16 -- The Abuja Electricity Distribution Company (AEDC) has attributed the unstable power supply experienced in Abuja to insufficient power allocation. The management of AEDC made this ... Read More


NUPRC set to relocate departments to Lagos

Nigeria, Feb. 16 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it is exploring the possibility of relocating some of its units from Abuja to Lagos. The commission disclosed th... Read More


UK economy slips into recession

Nigeria, Feb. 15 -- The United Kingdom (UK) economy slipped into recession at the end of 2023, figures released by the Office for National Statistics (ONS), officially confirmed Thursday. According t... Read More


BREAKING: Nigeria's inflation hits 29.90% amid high food prices

Nigeria, Feb. 15 -- Nigeria's annual inflation rate rose to 29.90 per cent in January from 28.92 per cent in December 2023, the National Bureau of Statistics (NBS) said Thursday. The statistics offic... Read More


UPDATED: Nigeria's inflation hits 29.9% amid high food prices

Nigeria, Feb. 15 -- Nigeria's annual inflation rate rose to 29.90 per cent in January from 28.92 per cent in December 2023, the National Bureau of Statistics (NBS) said Thursday. The statistics offic... Read More