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Day: May 12, 2023

The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.
BusinessCommodities

The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.

A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British university…

byakintundeMay 12, 2023May 12, 2023
PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.
Local

PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.

According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for better electricity supply…

byakintundeMay 12, 2023May 12, 2023
Nigeria’s April Oil Production Fell Below 1mln bpd.
BusinessCommodities

Nigeria’s April Oil Production Fell Below 1mln bpd.

Following a strike at Exxon Mobil’s local facilities, Nigeria’s oil production dropped below 1 million barrels per day (bpd) in…

byakintundeMay 12, 2023May 12, 2023
FEC Authorizes Additional N129 billion for the Ogoni Remediation.
Business

FEC Authorizes Additional N129 billion for the Ogoni Remediation.

The Federal Economic Council authorized the expenditure of N129.8 billion for a number of projects within the Ministry of the…

byakintundeMay 12, 2023May 12, 2023
NDDC Supports the Senate’s Proposal to look into N1tn Spending.
Local

NDDC Supports the Senate’s Proposal to look into N1tn Spending.

The Niger Delta Development Commission applauded the Senate for taking action to investigate the agency’s account from 2021 to 2022…

byakintundeMay 12, 2023May 12, 2023
Nigeria Leaders Receive N651m Hardship Allowance.
Local

Nigeria Leaders Receive N651m Hardship Allowance.

According to research, state governors, including vice president Yemi Osinbajo, may have received around N651.2 million in hardship payments over…

byakintundeMay 12, 2023May 12, 2023
CBN: Debt Servicing Hits $112m Monthly.
Business

CBN: Debt Servicing Hits $112m Monthly.

The Federal Government spent $112.35 million in January 2023 repaying external debt. According to information from the Weekly International Payments…

byakintundeMay 12, 2023May 12, 2023

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