Economy

By John Ikani In a move seen as challenging Western influence in Africa, Russia is reportedly seeking control of uranium assets currently held by a French state-owned company in Niger. Sources familiar with the situation, speaking...

By John Ikani The Nigerian Exchange (NGX) kicked off June with a cautious mood as investors reacted to the nationwide strike. The All-Share Index closed at 99,118.86 points, reflecting a slight dip of 0.13% compared to...

By Enyichukwu Enemanna Major cities in Nigeria are currently witnessing power outage following the shutting down of the National Grid by organised Labour that commenced a nationwide strike on Monday, pushing for minimum wage increase from...

By John Ikani Nedogas Development Company Limited (NDCL), a Joint Venture company between Xenergi Limited and NCDMB Capacity Development Intervention Company, has in collaboration with the NNPC Gas Infrastructure Company (NGIC), a subsidiary of the Nigerian...

By John Ikani In a move designed to prop up oil prices amidst economic unease and geopolitical tensions, the OPEC+ alliance of oil-producing nations agreed on Sunday to extend existing production cuts. The decision, reached during...

By Emmanuel Nduka Foremost Nigerian power generation solutions provider, Geregu Power Plc, has entered a pact with Siemens Energy to jointly develop solutions for capacity expansion at the Geregu 1 power plant. The aim of partnership...