BUSINESS

  • FAAN Clears Bolt To Resume Operations At All Airports

    FAAN Clears Bolt To Resume Operations At All Airports1

    The Federal Airports Authority of Nigeria (FAAN) has approved Bolt to immediately resume operations at all FAAN-managed airports following an agreement reached between both parties on a new operational framework. The development comes after widespread complaints from passengers over increased transportation costs and inconvenience caused by the temporary suspension of e-hailing services at the airports.

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  • No More Free Power – FG Unveils Electricity Tariffs For Universities, Teaching Hospitals

    No More Free Power – FG Unveils Electricity Tariffs For Universities, Teaching Hospitals0

    The Federal Government is set to begin charging 25 federal universities and teaching hospitals for electricity generated from renewable energy projects deployed across the country. Minister of Power, Joseph Tegbe, disclosed this on Wednesday in Abuja during the unveiling of the Renewable Asset Management Company (RAMCO). He said the decision was aimed at ensuring the

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  • Dangote Moves To Acquire Vessels For Regional Exports

    Dangote Moves To Acquire Vessels For Regional Exports0

    Dangote Industries is set to acquire its own vessels as part of efforts to address persistent shipping challenges and reduce the cost of transporting its products to markets across West and Central Africa. The company said the decision followed difficulties in securing adequate shipping capacity for its exports, while transporting goods by road has proved

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  • Nigeria’s Petrol Consumption Dipped 25% In July

    Nigeria’s Petrol Consumption Dipped 25% In July0

    Nigeria’s daily petrol consumption fell by 25 per cent to 35.7 million litres in July 2026, down from 47.4 million litres recorded in June, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The figures were contained in the regulator’s “Factsheet: State of the Midstream and Downstream July 2026”,

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  • FG targets $21bn Investment, 175,000bpd From Bonga Southwest

    FG targets $21bn Investment, 175,000bpd From Bonga Southwest0

    Nigeria is targeting between $15 billion and $21 billion in investment from the development of the Bonga Southwest/Aparo deepwater oil project, with peak production expected to reach about 175,000 barrels of crude oil per day (bpd). The project moved closer to Final Investment Decision (FID) on Monday after the Nigerian National Petroleum Company Limited (NNPC

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  • FG, States And LGs Share N3.007 Trillion As July Revenue Rises By N658 Billion

    FG, States And LGs Share N3.007 Trillion As July Revenue Rises By N658 Billion0

      The Federal Government, the 36 states and the 774 local government councils have shared a total of N3.007 trillion as federation revenue for July 2026. The allocation was approved at the August 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Owerri, Imo State. I Had No Deal Or Partnership With ADC

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