Economy
Benue sees revenue boost as crackdown on Illegal mining toughens
…Profiles prospective licensed miners to weed out criminals In spite of efforts of governments at various levels to diversify the economy, earn foreign exchange and create jobs, reports on illegal mining of solid minerals across many states of the federation have continued. Data from the Ministry of Solid Minerals and Development show that illegal…
Nigeria Removed from List of Countries Indebted to IMF
Country now better placed to strengthen fiscal credibility, says presidential aide, O’tega Ogra, -Obinna Chima, Thisday Newspapers International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement from May 01, 2025 to May 06, 2025,” obtained on the multilateral institution’s website yesterday,…
Bellazir Energy officially launches with bold vision to transform Nigeria’s downstream sector
Bellazir Energy Ltd., a forward-looking player in Nigeria’s downstream petroleum industry, was officially launched today at a landmark event held at the Radisson Blu Hotel, Victoria Island, Lagos. The company, led by Christabel Aniemeka, is poised to revolutionize fuel distribution in Nigeria through innovation, reliability, and a strong commitment to sustainability. “Today, we…
CCAC Disowns Matazu, Alleges Bribery Plot to Shield Ex-NNPC Boss Mele Kyari From Probe
The Concerned Citizens Against Corruption (CCAC) has officially disowned its convener, Comrade Kabir Matazu, following his sudden withdrawal of allegations and calls for the investigation of the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. In a strongly worded statement released on Thursday and signed by the…
Ado Local Government Chairman Mourns Losses from Devastating Ukwonyo Fire
Hon. Engr. Sunny Oche, Chairman of Ado Local Government, has expressed deep sorrow over the significant losses incurred in a recent fire incident that destroyed several business premises in Ukwonyo community. The fire, which broke out in the late hours of April 28, 2025, consumed the shops of Mr. Mathew Echi-Igelle, Sunday Unachi,…
The Disturbing Disconnect: Unpacking the Unbelievable 3.9 Billion Naira monthly Electricity Bill
By Abayomi Odunowo. Tuesday 29th April 2025. In an era where transparency and honesty are the bedrocks of governance, it is profoundly disturbing to witness how some factions within the government resort to spinning narratives that defy logic and fiscal comprehension. Take, for instance, the staggering claim that an entity consumes an astounding…
SPE Nigeria calls for technology, policy, and supply chain optimization in energy sector
By Emmanuel Uduara The Society of Petroleum Engineers (SPE) Nigeria Council has called for technology, policy, and supply chain optimization in energy sector. Reaffirmed the Forum’s continued role as a premier platform for dialogue and innovation in Nigeria’s oil and gas industry. The Chairman of SPE Nigeria Council, Engr. Amina Danmadami, in a welcome address…
EFCC Vows Justice For Scam Victims of CBEX, Clarifies ST Technologies, Not CBEX Registered With SCUML
The Economic and Financial Crimes Commission (EFCC) has expressed the commission’s commitment to ensuring justice for victims of the CBEX scam, said the the commission’s stand underlines the agency’s ongoing efforts to address financial crimes. The EFCC’s statement comes amid growing concerns over the CBEX digital trading platform, which was embroiled in a…
Power Sector Privatization:A Colossal Misstep Plunging Households into Darkness and Economic Despair… Chief Ameh
…From Bad to Worst : Arbitrary Tariff Hikes Crush Nigerian Households Amid Power Sector Privatization Disaster. Chief Peter Ameh has reacted against the catastrophic fallout of what he described as a deeply flawed and hastily executed privatization of the Nigeria power sector. Chief Amen in a press release he personally e-signed said… “The…
BALANCE OF PAYMENT SURPLUS: EVERYDAY NIGERIANS NEED TO FEEL THE DIRECT IMPACT IN MORE PRACTICAL TERMS – SDP
On Wednesday, April 9, 2025, the Governor of Central Bank of Nigeria, Olayemi Cardo, released some fantastic and cheering statistics regarding Nigeria recording its first balance of payment surplus in three years, on account of the effectiveness of the ongoing economic reform agenda, which are anchored on “boosting of oil and gas production, fuel…