Business

The Transmission Company of Nigeria (TCN) has explained that the national power grid collapse on Thursday was a result of ongoing repair works in the power sector. In a statement, TCN spokesperson, Ndidi Mbah, said the disturbance occurred around 11:29 AM when the national grid experienced a sudden rise in …

The Central Bank of Nigeria (CBN) has announced that the old N200, N500, and N1,000 banknotes will remain valid indefinitely. This clarification comes amid rumors that these notes would no longer be accepted as legal tender after December 31, 2024. In a statement released on Thursday by Acting Director of …

Controversy is brewing over the supply of petrol from Dangote Refinery to the Nigerian National Petroleum Company Limited (NNPCL). Recent documents indicate that the refinery was unable to fulfill NNPCL’s request for 1.065 billion litres between September 15 and October 20, supplying only 317 million litres during this period. In …

The cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has surged dramatically from N700 per kilogram in June 2023 to N1,500 per kilogram as of October 2024. This represents a staggering 114% increase in just 16 months. This hike is largely attributed to the increasing exchange rate, …