May 2023

NERC to cancel KAEDCO’s licence over N51bn underpayment

The Nigerian Electricity Regulatory Commission (NERC) has expressed its intention to cancel Kaduna Electricity Distribution Company, KAEDCO’s licence after 60 days over N51 billion energy underpayment, among others. Dafe Akpeneye, the Commissioner, Legal, Licencing and Compliance, in a published notice…

Nigeria Air to fly before May 29 — Aviation Minister

By Seun Ibiyemi Minister of Aviation, Hadi Sirika says the national carrier, Nigeria Air, will commence operations before the present administrations winds down. Sirika made this clarification while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided…

Crude oil prices hover below $75 per barrel 

The price of Brent Crude, Nigeria’s spot oil benchmark, has consistently maintained a decline below $75 per barrel for weeks, since Thursday, May 4, 2023, due to worries in the United States over possible debt defaults as well as the…

Elumelu tasks State Governors on youths entrepreneurship

Mr Tony Elumelu, a Nigerian industrialist, has advised State Governors to place high priority on promoting youths’ entrepreneurship for self employment. Elumelu, also the Chairman, Heirs Holdings Group, said this at the Nigeria Governors’ Forum (NGF) 2023 induction for newly…