OPEC+ Compliance Jumped To 136% In February, Say Delegates
Compliance among deal-bound members of the Organisation of Petroleum Exporting Countries (OPEC) and allies OPEC+ rose to 136 per cent…
Year: 2022
Stakeholder: CBN’s $250m Intervention in Discos’, TCN Interface Will Stabilise Power Grid
The intervention of the Central Bank of Nigeria (CBN), in the rehabilitation of interfaces between Nigeria’s transmission and distribution infrastructure…
FAAC meets today as NNPC deductions threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited…
CBN to meet NNPC, finance ministry over petrol scarcity
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Monday said that the management of the apex would…
Massive oil thefts threatening external reserves, revenue – MPC
The Monetary Policy Committee of the Central Bank of Nigeria on Monday decried the negative impact of the increasing oil…
Buhari inaugurates Lagos intl airport terminal today
The President, Major General Muhammadu Buhari (retd.), is to inaugurate the newly built international terminal of the Murtala Muhammed Airport,…
Pinterest Unveils a Range of Shopping and Advertising Updates
Pinterest has announced a range of new updates and additions as part of its second annual Pinterest Presents’ global advertiser…
Tennessee State expanding technology program in Africa
Tennessee State University is expanding a technology program for underserved students in Africa to four additional countries. Ghana, Malawi, Nigeria…
Nigerian companies shun IPOs, raise N111bn via CPs
investigations reveal that the value of CP issuances in recent times has risen to N128.25 billion thus far in 2022…
FG commends SON for topping the rating index in ease of doing business
The Federal Ministry of Trade and Investment has commended the Standards Organisation of Nigeria, SON, for coming as the topmost…
Nigeria: Reforms in Agro-Export, Proceed Repatriation Take Shape Albeit At Slower Pace
The federal government’s drive to provide a conducive environment for businesses appeared to have gained traction but at a slower…
Malaysian comms official calls the state to legalize crypto and NFTs
The Malaysian Ministry of Communications and Multimedia is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the…
How Ukraine embraced cryptocurrencies in response to war
Ukraine’s digital transformation deputy has instructed his officials to set up official government wallets that could accept payments in cryptocurrency.…
FG’ll tap $2.2bn Eurobond for fuel subsidy funding– Minister
Crude oil production drops as Nigeria misses OPEC quota again The FG is planning to tap $2.2bn by this month…
Reps go after 77 oil firms over unremitted N2.6tn revenue
The House of Representatives commenced an investigative hearing on the N2.6tn owed the Federal Government by 77 oil companies operating…
CBN to Introduce Bank Cash Hubs, Releases Guideline
The Central Bank of Nigeria has released a draft guideline for the registration and operation of Bank Neutral Cash Hubs…
Ukraine and the west’s double standard
Multilateralism did not die with the invasion of Ukraine by Russia. It died a long time ago. It died when…
Lagos airport, three others to get concessionaires next week
The Federal Government has finalized plans to announce approved concessionaires for the quadrupling of Lagos, Abuja, Port Harcourt, and Kano…
Nigeria borrowed N6.64tn, serviced debt with N2.93tn in 2021, says DMO
The debt management office announced on Thursday that Nigeria’s total public debt stock will rise to N39.56 trillion in 2021…
Nigeria Pays Price for First Eurobond Since Start of Ukraine War
Nigeria raised $1.25 billion in foreign debt to become one of the first sovereigns to tap the Eurobond market since…
NUPENG cries out as cooking gas price rises again
On Wednesday, the Nigeria Union of Petroleum and Natural Gas Workers’ Liquefied Petroleum Gas Retailers Branch expressed concern about the…
Telcos mull tariff hike as diesel price skyrockets
Telecommunica-tions services providers under the aegis of the Association of Licensed Telecoms Operators of Nigeria have said a tariff review…
FG plans new trade policy, 24-hour port operations
Three weeks after the war between Russia and Ukraine began, the Federal Government says it is working on a new…
Federal Government to auction NIMEP to fund mineral exploration
Following the sale of its National Integrated Mineral Exploration Project, the Federal Government has announced plans to conduct additional exploration…
FG Urged to Suspend Tax, Levies on Fuel Imports to Curb Inflation
Dr Muda Yusuf, Chief Executive of the Centre for Promotion of Private Enterprise (CPPE) and former Director General of the…
AfDB secures $15.6bn for Lagos-Abidjan highway corridor
Dr. Akinwumi Adesina, President of the African Development Bank, announces that the bank has secured $15.6 billion for the construction…
Russia Exits Council Of Europe Over Ukraine Invasion
Russia ceased to be a member of the Council of Europe on Wednesday, after more than a quarter-century membership in…
COVID-19: UK Removes All Travel Restrictions
The United Kingdom has announced that the remaining COVID-19 international travel restrictions for all passengers will be lifted at 4…
Deep Blue Project: House Queries NIMASA over Arms’ Procurement
The House of Representatives Committee on Navy is currently investigating the legality of the federal government’s $195,300,000 Deep Blue contract with…
EU, IOM Facilitate Return of 500 Stranded Nigerians from Libya
The European Union (EU) and the International Organization for Migration (IOM) have announced that they have assisted in the return…