Zamfara State in Nigeria Issues a Closure Decree for Media Covering Political Gathering.
In violation of a state-imposed ban on political activity, Zamfara state, Nigeria ordered five media outlets to shut down; after…
Year: 2022
The Majority Labour Union and Transnet of South Africa Reach a Three-year Salary Agreement.
Transnet, a state-owned logistics company in South Africa, announced that it had reached a three-year salary agreement with the union…
TCN to Increase Nigeria’s Electricity Supply by 817MW.
Plans to increase Nigeria’s electricity supply to the National Grid by 817 Megawatts have been made public by Transmission Company…
Oil Theft Becomes a Threat to Nigerian Naira.
90% of Nigeria’s foreign exchange revenues in the first quarter of 2022 came from oil and gas; which is a…
Sanwo-Olu Authorizes the Lagos Wealth Fund Bill.
The Lagos State Wealth Fund Bill and the Lagos State Civil Bill, which will be submitted to the Lagos State…
According to NMDPRA, Dangote’s 650,000bpd Refinery is 97% Finished.
According to announcement from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the 650,000 barrels per day Dangote refinery…
Despite a Market Sell-off, Payment-focused Cryptocurrencies Rally.
XRP, the token closely associated with Ripple Labs, and MKR, the lending platform Maker, are the only payment-focused cryptocurrencies that…
NBC Will Increase Its Investment In Online Banking.
NBC Bank committed to making more efforts in the field of online banking to improve customer convenience and experience. Managing…
EFCC Arraigns ex-Lagos Commissioner for Money Laundering.
A former Lagos State attorney general and commissioner for justice, is facing a money laundering accusation from the Economic and Financial Crimes Commission in front of the Lagos Federal High Court. In the fourcount complaint, the EFCC accused Shasore of pressuring Olufolakemi Adelore to take a $100,000 cash payment; without first going through a financial institution. On November 18, 2014, Shasore is accused to have committed the crimes in Lagos within the jurisdiction of this court; made a cash payment to Adelore of the amount of $100,000 through Auwalu Habu and Wole Aboderin; which sum exceeded the amount permitted by law and you so committed an offense,” the complaint reads. MoneyCentral.
The 2023 Budget is Read a Second Time.
For the construction of large-scale housing projects around the state, the Lagos State Government has sought a stronger relationship with…
Doctors Recruited From Nigeria To Work In UK Hospitals Lament Over Exploitation, ‘Slave Labour’.
A British healthcare company is hiring doctors from Nigeria with the expectation that they will operate in private hospitals; under…
Top 10 Employers in 2022 Seeking a Majority of Remote Positions.
This year, SAP has listed 282,62 remote jobs. SAP’s cloud ERP solutions, which is by technologies like the Internet of…
OPEC Reduces Oil Production In 2022 and 2023 as the Economy Sputters.
As a result of slowing economies, the revival of China’s COVID-19 control measures, and high inflation, OPEC reduced its projection…
“Japa”: The UK is Considering Stricter Regulations as Nigerians Bring The Most Relatives.
According to the UK, there may be a cap on the number of relatives immigrants are to bring to the…
In September 2022, PoS Transactions Reached a Record-breaking Monthly High of N735.6billion.
Nigerian Point of Sales (PoS) terminal transaction volume increased to N735.6 billion in September 2022. As more Nigerians use cashless…
First Public Flight of Chinese “Flying Car” Takes Place in Dubai.
In an effort to introduce its electric aircraft to global markets, Chinese electronic vehicle manufacturer Xpeng Inc.’ “flying car” performed…
United States Returns 23 Looted Items Back To Benin, Nigeria with Plans To Open an International Exhibition.
Through the National Gallery of Art, the Rhode Island School of Design, and the Smithsonian National Museum of African Art,…
In September, Nigeria’s Daily Crude Oil Production Decreased to 937,766bpd.
Due to theft, Nigeria’s crude oil production output for the year remained dismal in September, with an average of 937,766…
The Oil and Gas Industry Receives The Most Bank Credit Allocation in 2021.
According to data from the National Bureau of Statistics’ (NBS) October 2022 report, the oil and gas industry was one…
Nigeria Attracts $10.1billion Diaspora Remittance in Half of 2022.
Between January and June 2022, Nigerians received $10.11 billion in diaspora remittances, a 9.6% increase over the $9. 23 billion…
Foreign Medical Spending by Nigerians Falls by 65% In Q1 of 2022.
Nigerians spent $185 million on foreign (medical) health services in the first half of 2022; a 65% decrease from the…
51% of Finibanco Angola S.A. is purchased by Access Bank.
According to the bank’s company secretary, Access Holding Plc’s subsidiary, Access Corporation, completed the deal before announcing that Access Holding…
After US Interest Rate Increases, Safaricom’s Valuation Falls Below Sh1trillion – Kenya.
Due to the exodus of foreign investors following rate increases in the US, Safaricom’s valuation at the Nairobi Stock Exchange…
The Mining Industry Contributes 7.3% of Tanzania’s GDP.
The mining sector’s contribution to the GDP climbed to 7.3% last year from 4. 8% in 2018, getting closer to…
In Just One Week, Airtel Africa’s Market Value Declines by N752 billion.
Following persistent sell pressure on the equity, Airtel Africa Plc, one of the largest telecom companies listed on the Nigerian…
Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.
Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home…
Ghana’s Cedi Dropped 72% in Ten Months.
Since the beginning of the year, the Ghanaian cedi has lost 72% of its value relative to the US dollar.…
Nigerian Non-oil Exports Reach $2.6 billion in Six months
According to Dr. Ezra Yakusak, Chief Executive Officer of the Nigerian Export Promotion Council, Nigeria’s non-oil export sector generated $2.…
CBN Loans to Nigerian FG Hits N22trillion.
In August 2022, the Federal Government obtained a N1. 46 trillion loan through Ways and Means Advances from the Central…
76 People have Died as A Result of The Boat Capsize Catastrophe in Nigeria.
The president said that there have now been 76 fatalities; as a result of a boat accident in the state…