Here is my rewritten version of the report:Nigeria’s Crude Oil Production Continues Downward Spiral, Now at 1.23 Million Barrels Per Day Nigeria’s crude oil production has experienced its second consecutive monthly decline since the start of 2024, according to the latest Monthly Oil Market Report for April released by the Organization of Petroleum Exporting Countries…
Minister of Power, Adebayo Adelabu, discussed potential reductions in electricity tariffs during his appearance on Channel Television’s Politics Today. He indicated that the N225 per Kilowatt-Hour paid by Band A consumers could decrease if the exchange rate improves to below N1,000 to a dollar. This statement follows the Federal Government’s recent decision, announced through the…
Lagos State Government is taking decisive action to enhance fire safety in markets across the state. This move comes in response to a recent fire outbreak at Dosunmu market on Lagos Island, prompting Governor Babajide Sanwo-Olu to conduct an on-the-spot assessment and issue directives for stringent safety measures. The Lagos State Fire and Rescue Service,…
The World Bank has expressed concerns that Nigeria’s sluggish growth will impede economic progress in the surrounding sub-region. In its analysis of Western and Central Africa’s economic outlook, the institution predicts a rise in regional activity from 3.2 per cent in 2023 to 3.7 per cent in 2024, accelerating to 4.2 per cent between 2025…
Air Peace’s entry into the London route and the strengthening of the local currency have ignited heightened competition in international air travel, according to Justice Okamgba’s report. The Nigerian carrier, Air Peace, faces stiff competition from established foreign airlines following its London debut. Analysts and industry insiders, speaking to Entrepreneur TV, emphasize the need for…
