By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has unveiled special train service arrangements across its corridors to accommodate increased passenger traffic during the Easter holiday period. NRC’s Chief Public Relations Officer, Callistus Unyimadu made the announcement on Tuesday in Lagos. For the Lagos-Ibadan Train Service (LITS), three additional trips are scheduled on Thursday, April…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has increased the price of natural gas supplied to power generation companies to $2.18 per metric million British thermal units (MMBTU), effective April 1, 2026. The new rate represents a $0.05 increase from the previous price of $2.13/MMBTU, according to a circular issued by the regulator…
The Nigeria Labour Congress (NLC) on Tuesday staged a protest at the headquarters of the Abuja Electricity Distribution Company (AEDC) in Abuja over the alleged disengagement of about 900 workers. Speaking during the picketing exercise, NLC President, Joe Ajaero, described the mass sack as a “deceitful and dangerous trend” within the power sector. “A majority…
By Seun Ibiyemi The Nigerian Senate has approved the N68.3 trillion Appropriation Bill for the 2026 fiscal year, marking a significant step in the country’s budgetary process aimed at strengthening economic stability and development. The approval followed the consideration and adoption of the report of the Senate Committee on Appropriations during Tuesday’s plenary session. The…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public to the circulation of counterfeit and unregistered Cerelac Mixed Fruits and Wheat products in Lagos, warning of serious health risks to infants. In a statement posted on its official X handle on Tuesday, the agency disclosed that…
By Seun Ibiyemi The Nigerian stock market rebounded on Tuesday, gaining 0.40 per cent as investors added N516 billion, reversing losses recorded in the previous two trading sessions. Renewed interest in stocks including Multiverse Mining, International Energy Insurance, CHAMS, MTN Nigeria, and PZ Cussons, among 15 other gainers, helped the market close in positive territory….
By Seun Ibiyemi The Minister of Power, Adebayo Adelabu, has dismissed reports circulating on some media platforms claiming he had resigned his appointment, describing them as false and misleading. Adelabu’s Special Adviser on Media and Publicity, Bolaji Tunji, made the clarification while speaking with journalists on Tuesday in Ibadan. Tunji urged media practitioners to uphold…
By Seun Ibiyemi Power generation companies in Nigeria have raised fresh concerns over mounting operational challenges tied to a staggering N6.8 trillion debt burden, warning that the situation is putting increasing strain on electricity supply across the country. The concerns were expressed by Joy Ogaji, Chief Executive Officer of the Association of Power Generation Companies,…
By Seun Ibiyemi TotalEnergies Marketing Nigeria Plc has reported a significant decline in its financial performance for the year ended Dec. 31, 2025, posting both revenue contraction and a swing into losses. According to its audited financial statements released on the Nigerian Exchange Ltd. on Monday, the company’s revenue fell by 26 per cent to…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of ₦1.23 trillion for the financial year ended December 31, 2025, driven by sustained growth in its core earnings lines. The Group disclosed this in its audited consolidated and separate financial statements released to the Nigerian Exchange Group (NGX) and…
