77.1 million identity numbers issued as NIN-SIM registration ends today
The National Identity Management Commission (NIMC) has issued 77.1 million unique National Identification Numbers (NIN) in the country. This new…
Month: March 2022
US Embassy in Abuja begins interview waiver for visa renewals
The United States Embassy in Abuja says it will begin processing certain non-immigrant visa renewal applications without requiring an interview…
World Bank suspends Nigerian firm, MD for bribery
THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing…
Russia-Ukraine war: Oil hits $114, OPEC laments seven million bpd loss
Brent, the crude against which Nigeria’s oil is priced, moved up in price to $114/barrel as at 4.34pm Nigerian time…
Ogun launches N900m fund for business
OGUN State government has launched a N900m loan programme for Micro, Small and Medium Enterprises operating in the state. This…
Police salary increment: Reps summon minister, accountant general, others
The House of Representatives’ Committee on Police Affairs has invited the Minister of Finance, Budget and National Planning, Zainab Ahmed;…
NAICOM bars undercapitalised insurers from new businesses, orders claims settlements
The National Insurance Commission has stopped some insurance firms from taking new businesses. It also placed a limit on the…
Poor Nigerians to hit 95.1m in 2022, says World Bank
THE World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over…
Exports to India in Q4 2021 valued at N875 billion – NBS
In a statement obtained from the National Bureau of Statistics (NBS), the largest exported commodity to India was petroleum oils…
Marketers disagree with depot owners over petrol price hike
THE Independent Petroleum Marketers Association of Nigeria has criticised private depot owners over the recent increase in the pump price…
Ukraine resumes evacuations after Russian ‘provocations’
Ukraine said Tuesday it had reopened humanitarian corridors and evacuated civilians from war-scarred regions after a one-day pause over what…
In China’s Shanghai, Bankers And Traders Sleep In Offices To Beat Covid Lockdown
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai’s Lujiazui district as they…
JUST IN: NRC suspends train operations along Abuja-Kaduna route indefinitely
The Nigerian Railway Corporation has suspended train operations along the Abuja-Kaduna route indefinitely. The NRC made this known in a…
HURIWA condemns Buhari’s silence on Kaduna airport, rail attacks
The Human Rights Writers Association of Nigeria on Tuesday condemned what it described as the silence of the President, Major…
Buhari, govs, others congratulate Tinubu at 70
The President, Major General Muhammadu Buhari (retd.); the President of the Senate, Ahmad Lawan; Speaker of the House of Representatives,…
Russia-Ukraine war: Soaring shipping costs may worsen inflation in Nigeria, others, IMF warns
THE International Monetary Fund has said rising shipping costs as a result of the ongoing war between Russia and Ukraine…
Telcos warn of disruptions in 11 states over Kogi’s clampdown
THE Kogi State Government through its Kogi State Internal Revenue Service agency has shut down a number of critical telecommunications…
‘Infrastructure funding deficit to hit $100b
Nigeria’s infrastructure funding deficit will grow to $100 billion in the next five years, the Infrastructure Concession Regulatory Commission (ICRC),…
FG establishes SDGs innovation hubs to boost states’ social financing
The Vice President, Prof. Yemi Osinbajo, on Monday, announced the establishment of six Sustainable Development Goals innovation hubs by the…
Fed Govt to reduce wheat importation
The Federal Government (FG) plans to deploy measures to reduce wheat importation into the country. Government said it anticipated that…
Russia-Ukraine crisis: EU begs Nigeria to close gas supply gap
With oil exports from a critical pipeline on Russia’s Black Sea Coast fully halted last Wednesday, the United States and…
FG’s borrowing from CBN rises by 96.54%, hits N18.16tn
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has risen by 96.54…
Cross River decries N34m federal allocation for March
The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in…
Buhari mourns US Secretary of State Madeleine Albright
The President, Major General Muhammadu Buhari (retd.), has joined the world to mourn the passage of the United States’ first…
Nigerians need to consume, export what they produce -Emefiele
The Central Bank of Nigeria says Nigerians need to consume what they produce and export the surplus after adding value…
Customs, CBN disagree over e-valuation of imports, exports
THE Nigerian Customs Service has refuted media reports which claimed that the service has adopted the e-evaluator and e-invoicing for…
IOCs fear collapse as FG says N1.36tn crude stolen in 14 months
The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at…
Capital imports in Q4 2021 increases to $2.187m
According to a statement obtained from NBS website, when compared to the corresponding quarter of 2020, capital importation increased by…
Foreign Airlines’ Trapped Funds In Nigeria Hit N117bn
From $147 million (N61 billion) which the International Air Transport Association (IATA) said was the total foreign airlines’ fund trapped…
MTN Names New COO For Nigeria, Appoints Others
MTN Company President and CEO Ralph Mupita remarked, “Today’s announcement reflects the depth of ability within the group, as well as the strength of our succession planning.” Hassan Jaber takes over as MTN Nigeria’s Chief Operating Officer (COO) following Mazen Mroue’s recent appointment as MTN Group Chief Information and Technology Officer. Jaber moved from MTN Irancell where he serves as COO, bringing with him some 25 years of telecoms…