Uniterm Nigeria Limited Seeks Winding Up of Oriental Energy Resources over $1.45 Million Debt
Uniterm Nigeria Limited files a winding-up petition at the Federal High Court in Lagos against Oriental Energy Resources Limited over…
Day: July 27, 2023
Inadequate Bunkering Activities Cost Nigeria N200bn Monthly, Stakeholders Say
Stakeholders reveal that Nigeria is losing approximately N200bn monthly due to inadequate bunkering activities in the country. The President of…
NECA Warns of 25% Inflation Rate by End of 2023 Amid Rising Concerns
The Nigeria Employers Consultative Association (NECA) issues a warning that inflation could reach 25% by the end of 2023 if…
Ransomware Attacks Increase by 7% in Nigeria in H1 2023, Kaspersky Reports
Kaspersky reports a 7% year-on-year increase in ransomware attacks in Nigeria during the first half of 2023. Ransomware remains a…
Crude Oil Reaches $84/Barrel, Fueling Speculations of Petrol Price Hike in Nigeria
Brent crude oil, the international benchmark, surged to $84/barrel on Wednesday, raising concerns about a possible increase in the pump…
High Demand for Risk-Free Investments Despite Negative Real Returns in Nigeria
Investors bid N384 billion worth of one-year treasury bills at a rate of 12.15%, but only N255 billion was allotted…
Nigeria’s Debt Management Office Foresees Revenue Improvements Amidst Policy Changes
Nigeria’s Debt Management Office (DMO) expects improvements in government revenues through the work of the Committee on Revenues set up…