Lagos seeks investors for 4,000 MW gas-fired power plants
November 7, 2024 Nigeria’s commercial capital Lagos on Thursday invited bids for construction of up to 4,000 megawatt (MW) gas-fired power plants to cover a national grid shortfall, seeking to…
Imported Rice Price Jumps By 114% In One Year – NBS
Nov. 5, 2024 The average price of imported high-quality imported rice has risen by 144.77 per cent over the past year, according to a report by the National Bureau of…
Price of beans Jumps By 281% In One Year – NBS
November 5, 2024 The average price of 1kg beans brown (sold loose) stood at N2,738.59 as at September 2024, according to a report by the National Bureau of Statistics in…
No more worries: iPower launches advanced all-in-one inverter
iPower, a leader in alternative energy innovation, has unveiled its latest product—the iPower All-In-One (AIO) Inverter. This cutting-edge inverter is set to transform energy management and accessibility with a complete,…
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
November 4, 2024 Oil prices climbed nearly 3% on Monday on OPEC+’s decision for a month’s delay in plans to increase output, while investors also focused on the U.S. presidential…
Nigeria rallies to end $1bn loss on importation of auto spare parts
The National Automotive Design and Development Council (NADDC) has taken further steps to address the over one billion dollars which the country lost due to importation of component parts of…
Up to 85% discount as Konga Yakata Black Friday sale begins
Konga, Nigeria’s leading e-commerce group, has officially kicked off its highly anticipated annual Konga Yakata Black Friday sale. Launched on Friday, November 1st, and running through November 30th, 2024. This…
Maida, Inuwa, Adeyanju, Alakija, others to Speak for AfriTECH 4.0
The organizers of Africa Tech Alliance Forum [AfriTECH 4.0] have announced the distinguished lineup of speakers for this year’s Forum themed: “Leapfrogging Digital Transformation for Future of Africa’s Economy”. Scheduled…
7 vessels to arrive with petroleum products – NPA
Nov. 1 2024 The Nigerian Ports Authority (NPA) has said that seven of tge expected nine ships would berth with crude oil on Friday at the Lagos ports. The NPA,…
Increased liquefied gas supply in Nigeria pushes up Shell Q3 profits
Shell’s profits surpassed market forecasts in the third quarter amid strong demand for liquefied natural gas (LNG) due to increased feed LNG supply in Nigeria and Trinidad and Tobago. Europe’s…