Imports choke textile industry, rise to N1.1trn in two years
Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
Epileptic power in Nigeria is shameful – Ribadu
The former Chairman of the Economic and Financial Crimes Commission, EFCC, Mallam Nuhu Ribadu, has slammed the epileptic nature of power supply in the country in spite of the billions of naira spent over the past 12 years.
GTBank unveils new current account for senior citizens
Guaranty Trust Bank ( GTBank) Plc, has introduced a new current account for Senior Citizens called ‘The GTBank Seniors Account’.
‘Clean power can transform electricity sector’
As Nigeria’s domestic gas market is expected to grow at a projected annual rate of 25 per cent, experts in the oil and gas sector has expressed confidence that clean distributed power generation can transform the country’s electricity sector.
Electricity: Eko spends N2bn on equipment rehab
To ensure stable power supply, the Eko Electricity Distribution Company, said it has expended about N2billion to resuscitate power equipment within its zone.
PHCN warns against building structures under power lines
The Power Holding Company of Nigeria, PHCN, Molete and Akaran Business Units, in Ibadan, Oyo State has warned the public against building structures, and engaging in social and economic activities under the High and Low Tension lines of the two Business Units.
