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Day: April 11, 2023

NPC will Spend Roughly N3 billion on Transmitting Census Data.
Local

NPC will Spend Roughly N3 billion on Transmitting Census Data.

The NPC said in January that 786,741 functionaries would be educated for the census of 2023. However, the NPC recently…

byakintundeApril 11, 2023April 11, 2023
Bitcoin Surpasses $30,000 as Speculators Anticipate an End to Rate Increases.
Currency

Bitcoin Surpasses $30,000 as Speculators Anticipate an End to Rate Increases.

As investors increased their bets that the U.S. Federal Reserve will soon halt its aggressive monetary tightening campaign, major cryptocurrency…

byakintundeApril 11, 2023April 11, 2023
NCAA Increases Airlines Penalty to N10 Million.
Local

NCAA Increases Airlines Penalty to N10 Million.

The maximum penalty for airlines is N10 million, while the minimum is N1 million, according to the Nigerian Civil Aviation…

byakintundeApril 11, 2023April 11, 2023
SEC Moves to Prioritize the Updated Capital Market Master Plan.
BusinessLocalMarket

SEC Moves to Prioritize the Updated Capital Market Master Plan.

The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master plan of…

byakintundeApril 11, 2023April 11, 2023
Experts Stomp as 40 Presidential Panels Gulp N20bn
Local

Experts Stomp as 40 Presidential Panels Gulp N20bn

Between 2015 and April 2023, research revealed that over N20 billion was set aside for presidential committees under the Office…

byakintundeApril 11, 2023April 11, 2023
According to NPA, Port Renovation will Cost $800 million.
Business

According to NPA, Port Renovation will Cost $800 million.

Mohammed Bello-Koko, the managing director of the Nigerian Ports Authority, has provided an explanation for why the organization may spend…

byakintundeApril 11, 2023April 11, 2023
PFAs Lower Pension Funds’ Bank Investments to N1.6 trillion.
Local

PFAs Lower Pension Funds’ Bank Investments to N1.6 trillion.

The Contributory Pension Scheme’s funds invested in fixed deposits and bank acceptance were lowered by the Pension Funds Administrators to…

byakintundeApril 11, 2023April 11, 2023
NBS: 5G Increased Foreign Investment in Telecoms by 325%.
Local

NBS: 5G Increased Foreign Investment in Telecoms by 325%.

Foreign investments in the telecom sector increased by 325.12% in 2022 as a result of increased 4G and 5G rollout.…

byakintundeApril 11, 2023April 11, 2023
Nigerian Unemployment to Reach 41% in 2023, According to KPMG.
Local

Nigerian Unemployment to Reach 41% in 2023, According to KPMG.

According to KPMG, the continued influx of job seekers into the labor market will cause Nigeria’s unemployment rate to soar…

byakintundeApril 11, 2023April 11, 2023
Notwithstanding its 2060 Carbon Emission Pledge, Nigeria Resumes Coal Exploration.
Business

Notwithstanding its 2060 Carbon Emission Pledge, Nigeria Resumes Coal Exploration.

The federal government has indicated that coal mining would resume in the nation despite its goal to achieve net-zero carbon…

byakintundeApril 11, 2023April 11, 2023
The Petroleum Ministry Seeks Closer Cooperation with NIPSS for Knowledge Sharing.
Local

The Petroleum Ministry Seeks Closer Cooperation with NIPSS for Knowledge Sharing.

The National Institute of Policy and Strategic Studies (NIPSS) and the Ministry of Petroleum Resources have committed to working together…

byayotilewaApril 11, 2023April 11, 2023
Russia Declares a 700,000 Bpd Reduction in Oil Production in March.
BusinessCommodities

Russia Declares a 700,000 Bpd Reduction in Oil Production in March.

According to Bloomberg, Russia claims to have reduced oil production by 700,000 barrels per day in March, significantly more than…

byakintundeApril 11, 2023April 11, 2023
NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.
BusinessCommodities

NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.

According to Mr. Joseph Ajanaku, President of the National Cashew Association of Nigeria (NCAN), Nigeria could earn about $2.7 billion…

byakintundeApril 11, 2023April 11, 2023
Nigerians are to Grow Interest in Digital Payment Methods.
Local

Nigerians are to Grow Interest in Digital Payment Methods.

The implementation of the cashless policy may have had its problems, but the rising use of digital and electronic payment…

byakintundeApril 11, 2023April 11, 2023

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