The Abuja Electricity Distribution Company (AEDC) has commenced a mass retrenchment exercise affecting about 800 employees, even as Nigerians continue to grapple with soaring inflation, escalating living costs, and erratic power supply.The layoffs, which began on Wednesday, November 5, 2025, are part of an ongoing rightsizing and internal restructuring programme
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The Nigerian Senate Wednesday passed for second reading the Electric Vehicle Transition and Green Mobility Bill, 2025, sponsored by Senator Orji Uzor Kalu (Abia North), which seeks to establish a comprehensive national framework for the transition to electric vehicles (EVs), promote local manufacturing, ensure environmental sustainability, and position Nigeria as
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The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to raise its equity in the 650,000 barrels per day Dangote Refinery to 20 per cent.Its Group Chief Executive Officer, Engr Bayo Ojulari, broke the news at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).The report said: “Speaking
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President Bola Tinubu has requested that the National Assembly approve a new ₦1.15 trillion loan from the domestic market to help cover part of the deficit in the 2025 national budget.The request, contained in a letter from the president, was read by Senate President, Godswill Akpabio, during Tuesday’s plenary.Tinubu stated
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Vice-President Kashim Shettima on Tuesday departed the nation’s capital, Abuja, for Brazil to represent President Bola Tinubu at the 30th session of the United Nations Climate Change Conference tagged COP 30 holding in the South American country.The summit convened by Brazil’s President Luiz Inácio Lula da Silva, in collaboration with
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The Nigeria Railway Corporation (NRC) has confirmed that one of its trains along the Warri-Itakpe route has derailed, leading to an immediate suspension of operations along the route. The incident occurred just four days after services resumed on the corridor, according to a statement issued on Sunday, November 2, by the
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Dangote Petroleum Refinery has reaffirmed its commitment to ensuring a steady and uninterrupted supply of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) nationwide, with a daily production capacity exceeding the domestic demand.Speaking on the development, Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, said that
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Changpeng Zhao, Binance co-founder, has accused Nigeria of abduction and detention of its staff for several months by government authorities.Mr Zhao made this call in a post on X, reporting that U.S. secretary of war Pete Hegseth announced plans to invade Nigeria to kill off rampaging bandits and terrorists over
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The federal government of Nigeria has signed three landmark agreements with the European Union (EU) and ECOWAS, on Thursday, to boost local manufacturing and investment in medicines.These agreements, which are part of the EU Global Gateway Manufacturing and Access to Vaccines, Medicines, and Health Technologies (MAV+) initiative and SRHR flagships,
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President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.In a letter dated October 21, 2025, reported publicly on October 30, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory
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