It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
Economy
Most viewed
Popular
-
White House says Canada 'caved' to Trump on tech tax
-
EPA employees accuse Trump administration of 'ignoring' science
-
US judge orders Argentina to sell 51% stake in oil firm YPF
-
FG invites Nigerians to apply for N50k for their business, releases link
-
FG rolls out nationwide livestock empowerment programme, targets 1000 youths per state
Economy Latest News
Big boost for naira as dollar inflow surges to $7.4 billion in July
The Nigerian foreign exchange market experienced a massive dollar inflow in July to $7.4 billion or N11.01 trillion compared to the N10.01 trillion recorded in June.
Markets retreat after rally, oil dips but Middle East worries linger
Asian markets slipped Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil eased from a surge caused by Middle East tensions. Crude prices eased slightly but held most of Monday's gains of at least three percent that came on concerns the Middle East crisis could spiral.
Dozens of Colombian flights cancelled due to low fuel stocks
Airlines on Monday scrapped dozens of flights from Colombia, blaming dwindling fuel stocks -- the cause of which industry officials and the government disagree about. According to IATA, which represents more than 300 airlines, distributors suspended fuel supply to 11 terminals, while for many others they issued alerts for "critical" stock levels.
SpaceX Polaris Dawn mission to make history with first private spacewalk
SpaceX is poised to launch an all-civilian crew on a daring orbital expedition Tuesday, marking a new chapter in space exploration with a historic first spacewalk by private citizens. Isaacman declined to reveal his total investment in the project, though reports suggest he paid around $200 million for the SpaceX Inspiration4 mission in September 2021, the first all-civilian orbital mission.
ExxonMobil expects global oil demand near current levels in 2050
Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide.
IBM says will end research and development work in China
US computer giant IBM confirmed Monday it would close its research and development arm in China. Multiple employees told AFP they had been informed during a brief meeting with US executives on Monday that the company would gut its research and development team in China and move operations to another country.
Canada slaps 100% tariffs on Chinese electric vehicles
Canadian Prime Minister Justin Trudeau announced Monday 100 percent tariffs on Chinese electric car imports, matching US measures seeking to fend off a flood of Chinese state-subsidized cars into North America. The United States and the European Union in recent months imposed tariffs on Chinese EVs of 100 percent and 38 percent, respectively.
Bread prices, other food items to crash as Nigeria is set to receive N194 billion worth of wheat
Nigeria is about to receive about 400,000 tonnes of wheat worth N194 billion ordered by flour millers and biscuit makers as the import duty-free window begins.
Sri Lanka Marxists eye selective foreign capital if win presidency
Sri Lanka's main Marxist leader and a key presidential hopeful in elections next month pledged on Monday to selectively welcome foreign investors, especially in green energy, if he wins. Dissanayaka is pledging to scrap Sri Lanka's presidential system and revert the country to the British-style parliamentary democracy, which existed until 1978.
Economy
Load more