Nigeria leads Africa investability gains
•Up four places in Bloomberg’s ranking By Yinka Kolawole Nigeria has emerged as the biggest climber among major African economies in Bloomberg Economics’ 2026 Investment Risk-O-Meter, rising four places to eighth position on the back of improved economic and fiscal fundamentals. The latest scorecard released yesterday, which assesses the relative investability of 19 African economies, […]
Marginal fields produce 2.26% of Nigeria’s crude
Marginal fields’ operators are yet to make significant impact on Nigeria’s crude oil production, as they accounted for 2.26 per cent of Nigeria’s total crude production in December 2013, dropping by 12.53 per cent from November’s crude production.
FG explains fixed charges on electricity bills
The Federal Government has cleared the air over the misconception by electricity consumers on the Multi-Year Tariff Order, MYTO, saying that the amount has been benchmarked under a five year tariff arrangement.
EKEDC targets 400MW embedded power supply
Eko Electricity Distribution Company (EKEDC), said it was targeting 400 megawatts, MW, of embedded power supply to its consumers within the next one year.
Non-passage of PIB threatens Nigeria content development
The non-passage of the Petroleum Industry Bill, PIB, by National Assembly has been viewed by industry players as a major threat to the growth and development of the Nigeria Content Act.
Stop giving customers mutilated notes, CBN warns banks
THE Central Bank of Nigeria, CBN has warned that it would no longer tolerate complaints from commercial bank customers over payment of mutilated notes whereas mint notes found their way to the black marketers who sell them out for spraying at social functions.
