Central Bank of Nigeria Affirms Continued Validity of Old Bank Notes as Legal Tender In a recent announcement, Nigeria’s central bank declared that old banknotes, originally scheduled for removal from circulation next month, will now continue to be considered legal tender. This decision brings an end to months of uncertainty, especially after a previous attempt…
Lagos Collaborates with Denmark and Allies to Address Environmental Challenges On Tuesday, Lagos State Governor, Mr. Babajide Sanwo-Olu, emphasized the significance of collaborative efforts, shared expertise, and the exchange of ideas between Nigeria and Nordic countries to effectively harness the power of innovation in addressing imminent environmental challenges. Represented by his deputy, Dr. Obafemi Hamzat,…
Lagos and the Necessity for Multi-Modal Transportation Solutions The significant road construction efforts undertaken by Governor Babajide Sanwo-Olu’s administration in Lagos State are aptly underscored by the words of two prominent British politicians. Sir Alok Sharma, a member of the British Conservative Party who has held various positions in the UK government, highlighted the crucial…
Nigeria Firmly Committed to 2060 Energy Transition Plan- Representative Nkwonta Chairman of the House of Representatives Committee on Climate Change, Hon. Chris Nkwonta, has affirmed his dedication to facilitating Nigeria’s attainment of the target to achieve net-zero greenhouse gas emissions by 2060, as outlined in the nation’s energy transition plan. During the committee’s inauguration on…
TCN Refutes Nationwide Blackout Reports, Affirms Active Operation of National Control Centre The Transmission Company of Nigeria (TCN) has denied reports suggesting a nationwide blackout due to the strike declared by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC). The Head of Public Affairs of TCN refuted the claims that there would be…
Maritime Workers Union Issues Directive for Port Shutdown The Maritime Workers Union of Nigeria (MWUN) has issued a directive for workers to close all port formations across the country starting from Tuesday. This decision aligns with the nationwide strike initiated by the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC). The…
FG Unveils Strategic Initiative to Revitalize Operations at the Zabazaba Oil Field The Federal Government is strategizing to rejuvenate production at the Zabazaba oil field, as disclosed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Over the weekend, executives from the Nigeria Agip Oil Company Limited (NAOC), led by Managing Director Mr. Fabrizio Bolondi, held…
REA Inaugurates Interconnected Hybrid Solar Mini-Grid Plant to Boost Sustainable Energy The Rural Electrification Agency, REA, has achieved yet another incredible milestone with the commissioning of Nigeria’s first Interconnected Solar Hybrid Mini Grid in Toto community, Nasarawa State. The Interconnected Solar Hybrid Mini-Grids developed by PowerGen is the outcome of the World Bank Funded Performance…
NLNG Refutes Misinformation, Clarifies No Total Shutdown in Operations The Nigerian Liquefied and Natural Gas (NLNG) has responded to a report in Thisday newspaper dated November 12, 2023, titled “Gas Supply Constraints May Worsen in Nigeria, Europe as NLNG Embarks on Plant Maintenance by February 2024.” NLNG expresses its concern regarding the inaccuracies in the…
Oil Prices Edge Up 1% Following OPEC Report Easing Concerns on Demand On Monday, oil prices experienced a more than 1% increase following OPEC’s monthly market report, which alleviated concerns about declining demand. Additionally, worries about potential supply disruptions emerged due to a U.S. investigation into suspected violations of Russian oil sanctions. Brent crude futures…
