NABTEB APPROVES BRIGHTENCE ELECTRONICS INTERNATIONAL COMPANY AS NATIONAL SKILLS QUALIFICATION (NSQ) TRAINING CENTRE
The National Business and Technical Examinations Board (NABTEB) has granted approval to Brightence Electronics International Company to operate as a National Skills Qualification (NSQ) Training Centre. According to a letter signed by Mr. Osaigbovo Pius, Director, Exams Development, the approval follows a comprehensive resource inspection that confirmed the centre’s compliance with NABTEB’s criteria for assessment […]
Tinubu writes Senate, seeks approval to borrow $5 billion
PRESIDENT Bola Tinubu has written the Senate seeking approval to borrow $5 billion. In a letter to the President of the Senate, Senator Godswill Akpabio, which was read on Tuesday during plenary, the loan will be obtained from Abu Dhabi Bank and it is aimed at covering budget deficit, debt financing, among others. In another […]
India slashes fuel taxes over Mideast war shortages — Finance minister
India has reduced taxes on diesel and petrol, the government announced on Friday, as the Middle East war continues to disrupt global energy supplies. “In view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced”, Finance Minister Nirmala Sitharaman said in a statement, referring to […]
CBN blacklists top loan defaulters
The Central Bank of Nigeria has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans. In a sweeping move to enforce credit discipline and safeguard the nation’s financial system, the apex bank issued a policy statement on Wednesday following remarks by CBN Governor Olayemi Cardoso at the 4th Annual IMF/AFRITAC West […]
Oil price rises to $108 as Iran describes US plan to end war one-sided
The price of crude oil in the international market continued to rise yesterday, with Iranian officials maintaining their criticism of the 15-point peace plan proposed by the United States to end the US-Israel war on the country, saying that it was one sided, unfair and skewed to favour US and Israel.Oil prices rose by 5.98 percent, […]
N9bn dispute: Petrocam seeks discharge of account freeze, court adjourns ruling
Justice Chukwujekwu, Aneke of a Federal High Court sitting in Lagos, yesterday, adjourned till April 30, 2026, to rule on an application by Petrocam Trading Nigeria Ltd, seeking to discharge an interim order freezing its bank accounts over an alleged N9.05 billion debt claimed by a commercial bank. The freezing order was earlier granted following […]
Power sector reforms have attracted $2bn investments – Adelabu
Minister of Power, Mr Adebayo Adelabu, says power sector reforms have attracted over two billion dollars fresh investments into the industry. Adelabu said this in Abuja on Thursday during the commissioning of the new headquarters of the Nigeria Electricity Liability Management Company (NELMCO). He said that the sector’s revenue grew by 70 per cent in 2024, […]
Dangote refinery slashes petrol gantry price to N1,200
The Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit to N1,200 per litre, while pegging its coastal price at N1,153 per litre, a development expected to reshape fuel supply costs across Nigeria’s downstream distribution chain. According to the spokesperson for the Dangote Group, Anthony Chiejina, the price adjustment represents […]
Nigerians to see better electricity supply within two weeks – Adelabu’s aide
The Chief Technical Adviser to the Minister of Power, Adebayo Olowoniyi, says Nigerians should begin to see gradual improvement in electricity supply as maintenance work on a major gas pipeline nears completion, with full restoration expected within two weeks. Olowoniyi stated this on Thursday while appearing on Arise TV, days after the minister, Adebayo Adelabu, […]
Airlines under pressure after jet fuel surges 100%
There are indications that airfares may jump in the coming weeks following the hike in the cost of aviation fuel, commonly referred to as Jet A1, a development that is already putting pressure on airline operations and signalling higher ticket costs for passengers. The spike in JetA1 price is largely due to the crisis in […]
