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Rhoda Onuzulike

2024 Forecast To Set New Record For Electric Car Sales

Sales of electric cars are surging and expected to break another record in 2024, the International Energy Agency said on Tuesday, with China a...

Minister, Ex NCDMB Boss, Disagrees Over $500m Funds

The Minister of State for Petroleum Resources, Heineken Lokpobiri, has reiterated claims that the Nigerian Content Development and Monitoring Board (NCDMB), under the leadership...

Nigerian Govt. Recovers N57bn Debt From 10 MDAs

The Federal Government of Nigeria has announced the recovery of N57 billion from the N5.2 trillion liabilities owed the Federal Inland Revenue Service (FIRS)...

Poor Financing Reason for Poor Power Supply-Minister

The Minister of Power, Adebayo Adelabu, has blamed inadequate financing and insufficient gas supply as some of the factors responsible for the energy deficit...

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US And Saudi Arabia Sign Landmark Civilian Nuclear Agreement

The United States and Saudi Arabia have announced a landmark agreement to establish a civilian nuclear programme in the kingdom, a move expected to strengthen bilateral ties while drawing scrutiny over its potential impact on regional security. The agreement, unveiled on Wednesday, is expected to create billions of...

Nigeria’s External Reserves Hit $52.5bn As Import Cover Improves

Nigeria’s gross external reserves have climbed to $52.52 billion, enough to cover approximately 11 months of imports, according to the Central Bank of Nigeria (CBN). CBN Governor Olayemi Cardoso disclosed this on Tuesday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. The announcement came as the committee...

DSS To Appeal Life Sentences For Oriire Abduction Convicts

The Department of State Services (DSS) has announced plans to challenge the life imprisonment sentences handed to three men convicted over their involvement in the abduction of school pupils and teachers in Oriire Local Government Area of Oyo State. The DSS said it is dissatisfied with the judgment,...