Rice Prices Drop 40% in Nigerian Markets
Nigerian consumers rejoice as rice prices plummet from N95,000 to N55,000 per bag due to increased local production and imports. Traders face losses while experts warn the relief may be temporary.
Category : Search result: industrial power prices
Teen Dies After Workplace Air Hose Prank Goes Wrong
15-year-old Muhammed Kendirci died after colleagues forced high-pressure air hose into his rectum during workplace prank in Turkey. Investigation ongoing.
Stakeholders Seek Urgent Fix for Nigeria's Power Grid
Industry leaders warn Nigeria's power infrastructure needs immediate upgrade as states decentralize electricity market. Regulatory harmony and investment crucial for energy stability.
Reps Launch Probe Into Power Sector Failures
The House of Representatives vows to fix Nigeria's electricity crisis, launching a major investigation into 17 years of sector failures and proposing a new bill to combat energy theft.
Nigeria to earn $1bn from electricity exports
Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.
Reps Probe 17 Years of Power Sector Investments
Nigerian House of Representatives launches a full-scale investigation into all power sector investments and reforms from 2007 to 2024, vowing to correct 17 years of failure.
Memory Chip Crunch to Increase Gadget Prices
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
Ogun State Advances Sustainable Waste Management
Ogun State government reaffirms commitment to building cleaner, safer industrial ecosystem through stakeholder workshop on waste management standards and solutions.
ASUU rejects FG salary increase as inadequate
Nigerian university lecturers reject government's proposed salary increment, describing it as insufficient to address 15-year-old challenges. Union warns of impending strike action.
Inflation Falls to 16.05% Amid Food Price Drop
Nigeria's inflation rate declines to 16.05% in October 2025 as food prices drop and naira strengthens. Farmers lament crashing prices while government nears 15% target.
UK Returnee Shocked by Nigeria's High Living Costs
A Nigerian lady who returned from the UK shares her shock at Nigeria's high cost of living, car repairs, and monthly budget struggles. Discover why she questions her spending.
Inflation falls to 16.05% in October 2025
Nigeria's inflation rate drops to 16.05% in October 2025, marking the lowest level since 2017. Discover how food prices and policy changes are driving this positive trend.
Dangote Refinery: We Caused Fuel Price Cut, Not Government
Dangote Petroleum Refinery clarifies it initiated recent pump price reductions, not government tariff reversals. Learn how their November 6 price cuts impacted market dynamics across Nigeria.
Oborevwori blames BEDC for Delta power outage
Delta State Governor accuses BEDC of deliberately plunging communities into darkness despite adequate power supply from Transcorp Power. Read the full story and its impact.
Build-to-Sell Strategy Takes Over Nigerian Property Market
Nigerian developers shift to build-to-sell model amid rising construction costs and economic volatility. Learn how this affects housing affordability and market dynamics.
Reliability: Nigeria's New Oil - NoteOpX Revolution
Discover how Nigerian startup NoteOpX is transforming industrial reliability with African-built asset management systems, saving millions and preventing failures across oil, gas and power sectors.
New LAUTECH Council Chairman Reveals Development Vision
Professor Oyelaran-Oyeyinka outlines plan to transform LAUTECH Teaching Hospital into a hub for healthcare excellence and rural industrial growth, inspired by China's poverty reduction model.
Trump Lowers Tariffs on Beef, Coffee, Other Goods
President Trump signs order to lower US tariffs on beef, coffee, and other goods, aiming to address rising living costs. Learn about the new exemptions and their economic impact.
Stocks Struggle on US Rates, Tech Rally Fears
Global markets faced pressure as doubts over US Fed rate cuts and tech bubble fears grew. Oil prices rallied on Russian output risks. Get the full analysis for Nigerian investors.
Germany approves €98 billion debt for 2026 budget
German parliament approves revised 2026 budget with €98 billion borrowing for economic relief and military spending. Chancellor Merz unveils industrial power price cuts.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
AGRA: Food Prices Rise & Fall Across Africa
AGRA's Food Security Monitor reveals mixed food commodity prices in Africa. Maize prices ease in Nigeria & East Africa, while rice costs rise in coastal West Africa. Discover the full analysis.
China Retail Sales Growth Slowest in Over a Year
China's retail sales grew at just 2.9% in October 2025, the slowest pace in over a year, highlighting persistent consumer challenges. Discover the economic implications.
Asian Markets Fall on Fed Rate, Tech Worries
Asian markets declined, mirroring Wall Street's selloff amid uncertainty over the Federal Reserve's December rate decision and growing speculation of a tech bubble.
Gas Shortage Halts Geometric Power in Aba After 60 Days
Aba faces power outage after historic 60-day uninterrupted supply. Gas shortage from Heirs Energies disrupts Geometric Power operations. Learn how this affects Nigeria's industrial hub.
Amazon Expert Casts Doubt on Humanoid Robots
Amazon's chief roboticist challenges the practicality of humanoid robots for labour, highlighting the company's focus on functional automation. Discover the future of robotics.
Nigeria suspends 15% import tax on fuel
Federal government suspends 15% import duty on petrol and diesel through NMDPRA. Move aims to prevent price hikes and ensure adequate supply during peak demand period.
Lagos Cuts Food Prices 25% for Christmas
Lagos State introduces 25% subsidy on rice, beans, garri and other essentials ahead of Christmas. Governor Sanwo-Olu's initiative aims to ease cost of living during festive season.
Dangote, German Firm Build 4 New Fertiliser Plants
Dangote Fertiliser Limited partners with Germany's thyssenkrupp to construct four new urea plants in Lagos, boosting Nigeria's fertiliser output to over 8 million tons annually and strengthening export earnings.
Cooking Gas Prices Drop by Over N900 per Kg
Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.
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