Power Generation struggles to stay at 4,000mw as darkness covers Nigeria
Nigeria’s power sector peak electricity generation continued to struggle to stay above 4000 megawatts, despite huge energy demand from Nigerians...
Read Elon Musk’s letter to Twitter calling off his $44 billion takeover deal
Elon Musk’s lawyers told the SEC he was terminating his offer to buy Twitter. Musk said in April he would...
Modular refinery to commence operation in Edo, Nigeria
BENIN CITY – THE Nigerian Content Development and Monitoring Board (NCDMB) has said that the Duport Midstream Company Limited (DMCL)...
Cryptoqueen joins most wanted fugitives list, after duping investors of $4bn
The United States Department of Justice has issued a $100,000 reward in a bid to arrest one of the ten...
CBN issues cybersecurity guidelines for financial Institutions amid MTN N22.3bn court case with banks
The Central Bank of Nigeria (CBN) has issued guidelines for improved cyber security in Nigerian financial sector, especially among the...
Russian billionaire, Vladimir Potanin, makes $12.8bn since Ukraine invasion
The wealth of Russia’s former Deputy Prime Minister and businessman, Vladimir Potanin, has grown significantly within the last four months,...
House of Reps accuses NNPC of padding fuel subsidy cost, diverting $7bn
The House of Representatives has revealed its plan to investigate subsidy payments, accusing the Nigerian National Petroleum Corporation (NNPC) of...
Nigerian government gives breakdown of N74bn subsidy payment to petroleum marketers in seven months
Amid scarcity, the Federal government has revealed that petrol marketers in the country in seven months received N74 billion subsidy...
Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices
Oil prices could surge to above $200 a barrel if the G7 decides to try to cap Russian prices, an...
Nigeria flares N4trn worth of gas in 10 years
Nigeria flared natural gas worth over $13.3bn (N4 trillion) within the last 10 years,Ikeanumba analysis show, volumes that could have...