GLORIA AKUDORO

Electricity Distribution Companies (DisCos) in Nigeria generated total revenue of N630.93 billion in the fourth quarter of 2025, out of N795.06 billion billed to customers. The Nigerian Electricity Regulatory Commission (NERC) stated in…

The Nigerian government and an Indian Conglomerate, Rashmi Metaliks Group, have signed a $1 billion investment Memorandum of Understanding (MoU) on steel production, set to span three years. The MoU, signed by the Minister of Steel…

Consumption of Premium Motor Spirit (PMS), otherwise known as Petrol, dropped to 47.3 million litres per day in March 2026, compared to 56.9 million litres per day in February. Even though consumption dropped, PMS imports rose to 5.9…

The President of the Dangote Group, Aliko Dangote, over the weekend, asked federal lawmakers to probe the claims that petroleum products from the Dangote Refineries and other modal refineries are sub-standard to imported products. Farouk…

The federal lawmakers have agreed on stiffer consequences for crude oil thieves and vandals of the nation's critical hydrocarbon infrastructure in support of measures by the NNPC Limited to boost Nigeria’s crude oil production and grow its…

Oando Plc has acquired 100 per cent equity in Nigerian Agip Oil Company Limited (NAOC Ltd) and all the paperwork will be finalised in days to come. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Regulatory Commission in an…

This year's Eid-el-Kabir may be on a low key following the increasing inflation that has caused a hike in the prices of food items and transportation fares, causing many to shelve celebrations. Eid-el-Kabir is the main festival of the…