Economic Hardship and Population Growth are Increasing The Unemployment Situation.
The head of the CPPE emphasized the necessity of fostering an atmosphere that would allow micro, small, and medium-sized firms…
Month: March 2023
FG Investigates a $1.1bn Oil Well Robbery
Oil Mining Licence 17 has been linked to an illegal oil bunkering operation, and individuals responsible for the oil theft…
Polaris Encourages Women’s Empowerment In The Workplace.
The country’s institutions have been urged by Polaris Bank Limited and other financial sector players to offer opportunities that would…
NSIA Introduces a Technology Competition Portal.
A site for applications has been made available by the Nigeria Sovereign Investment Authority for the first award for innovation…
Pfizer To Pay $43 billion to Buy Seagen
The multinational biotechnology business Seagan Inc. and the pharmaceutical behemoth Pfizer have agreed to combine for $43 billion, or $229…
Court Sentences Yobe State Auditor-General to Five Years in Prison for N19 million Fraud
Alhaji Idris Yahaya, the Yobe State Auditor General for local government, was given a five-year jail term for misappropriating N19.9…
E-payment Declines to N37tn as Unsuccessful Transactions Increase
Cashless gateways were utilized 901.46 million times in February compared to 638 million times in January. Despite a rise in…
FG Closes Lagos Airport’s Runway and Redirects all Foreign Flights
The Murtala Muhammed International Airport in Lagos will be closed for eight weeks for repair, according to a statement from…
Nigerians to Pay N1,000 NIN Fee For Passports
Nigeria will charge N1000 to verify a Nigerian’s National Identity Number when they apply for a passport.The commission claims that…
Emefiele Eventually Gives in to Pressure and Declares Old Naira Notes to be Legal Currency.
Godwin Emefiele, the governor of the Central Bank of Nigeria, succumbed to pressure on Monday and formally ordered commercial banks…
The Chairman Of Vitafoam Board Retires.
The Chairman of Vitafoam Nigeria Plc, Bamidele Makanjuola, has retired after 10 years of service, in line with the company’s…
Indian Prateek Gupta Steals $600m From Trafigura In Nickel Shipment Fraud
According to court records from London, the global commodities trader Trafigura has accused Indian businessman Prateek Gupta of committing “systematic…
PAPSS will Promote Capital Market Diversity – SEC
The execution of the Securities and Exchange Commission’s agreement with the Pan-African Payment Settlement System is expected to promote intra-African…
US Bank Failure Might Have an Impact on Nigerian Businesses – Operators
Iyinoluwa Aboyeji, the founder and CEO of Future Africa, claims that the failure of SVB may have an effect on…
Residents of Abuja are Cautioned by FCTA to avoid Unlawful Estates.
Residents in the nation’s capital have been made aware of the spread of unlawful housing estates and other projects by…
Edo Refinery Receives a Fresh Order for 150,000 Barrels of Oil
A few weeks after commencing production, the Edo Modular refinery, which is supported by the Edo State government, has ordered…
Imports of Raw Materials Jump to N2.4tn in Nigeria – NBS
The report also revealed that Nigeria exported raw commodities worth N1 trillion, resulting in a N1.4 trillion imbalance over the…
New Substations and Transformers Push Power Above 4,000MW
With the installation of transformers, substations, and other accessories to increase supply, power generation on the national grid has remained…
N20tn Economy Loses Due to CBN’s 70% Cash Mop-up
According to a recent analysis by the economic think tank Centre for the Promotion of Private Business, the Federal Government’s…
Commuters Face Hard Times as Old Notes Rejection Continues
During the weekend, a number of bank clients, employees, and commuters were left stranded in different regions of the nation…
The Electoral Commission of Nigeria Postpones the Gubernatorial Elections.
In order to give itself more time to recalibrate the electronic voting equipment at the center of last month’s contentious…
Shell Reported a Substantial Decrease in Oil spills in Nigeria Following the Shutdown.
In 2022, Shell (SHEL.L) reported a substantial decline in the amount of oil spilled due to sabotage in Nigeria’s oil-rich…
Wakanow Hires A New Finance Manager
Olubayode Okubanjo has been named the new group chief financial officer of Wakanow. “Bayode takes this new job with a…
Nigeria’s First Women’s Capital Markets Publication, Bourseladies, Debuts
The World Economic Forum, or WEF, estimates that it will take more than 100 years to close the gender gap…
Revenue From VAT And CIT Increased By 33% To N4.92 trillion in 2022.
Value Added Tax and Business Income Tax revenues increased by 33% YoY to N4.92 trillion in 2022 from N3.68 trillion…
Stanbic IBTC Bank Is Listed By PenCom For Financing RSA-backed Mortgages.
The Pension Commission has designated Stanbic IBTC Bank, a division of Stanbic IBTC Holdings, as one of the institutions to…
NEMA Warns Nigerians To Be Prepared For Major Floods
Mustapha Ahmed, the director general of the National Emergency Management Agency, has issued a warning about impending catastrophic floods this…
An Electric Vehicle Company Receives Recognition
The COO claimed that manufacturers of electric vehicles in the nation anticipate federal initiatives encouraging consumers to purchase EVs and…
How BVAS And IReV Failed The Stress Test In The First Election.
Questions have been raised concerning the effectiveness of the Bimodal Voter Accreditation System and Election Result Viewing Portal used by…
NNPCL Fires Eroton, Takes Over JV Operation Of OML18.
Oil Mining Lease 18’s operator, Eroton Exploration and Production Ltd, has been fired by NNPC Limited, and its subsidiary, NNPC…