Scarcity trails subsidy removal as Tinubu begins ‘housecleaning’
President Bola Ahmed Tinubu, yesterday, kick-started the long, tortuous journey towards pulling the economy from the woods, declaring that the…
Category: Business
Power sector: Nigerians beam hopes on Tinubu as Buhari govt fails
The inauguration of President Bola Ahmed Tinubu on Monday heralds a new era for the country after an unsuccessful attempt…
As Bud slips, Heineken plots further shake-up of U.S. light beer
As investors try to assess the fallout on global brewing leader Anheuser-Busch InBev (ABI.BR) from a backlash against Bud Light, rival Heineken (HEIN.AS) is…
High expectations as Dangote breaks NNPC’s monopoly, shrinks EU supply to Africa
President Muhammadu Buhari, who did not bring to reality his pledges of overhauling state-owned refineries in Port-Harcourt, Warri and Kaduna,…
Dangote Refinery For Launch May 22, To Refine 103.34m Litres Daily
With the much awaited 650,000 barrels per day Dangote Refinery scheduled for launch by President Muhammadu Buhari on May 22,…
Subomi Balogun: Life and times of the celebrated Nigerian Banker
The late Otunba Subomi Balogun bestrode the nation’s banking ecosystem as a colossus, where he ruled the roost for several decades. Born…
Nigerian Government approves Ondo Deep Sea Port, grants operating licence
The federal government on Wednesday approved the establishment of a deep sea port in Ondo State. The Federal Executive Council,…
Uncertainty over $2.3b Siemens deal as Nigeria grid collapses 99th time under Buhari
Less than two weeks to the end of President Muhammadu Buhari’s administration, the failure of the much-hyped Nigeria-Germany electricity deal, expected…
South Africa faces massive prepaid electricity problem
A problem affecting every STS-compliant prepaid electricity meter in the world will stop them all from vending electricity on 24…
Metering:Corruption, weak regulation keep 8 million Nigerians under arbitrary billing
Alleged high-level corruption, weak regulation, and the inability of the National Assembly to criminalise arbitrary billing of electricity consumers may continue…