Parliament to Conduct Headcount Vote on Approval of 2024 Budget
Parliament is scheduled to undertake a headcount vote on the approval of the 2024 budget on December 7, 2023. The…
Day: December 8, 2023
Safaricom Introduces Christmas Campaign Allowing Fuliza Loan Repayment with Bonga Points
Safaricom has launched a month-long Christmas campaign, “Sambaza Furaha,” which includes unique offers for customers. Notably, borrowers using Safaricom’s Fuliza…
Dangote Refinery Set to Receive First Crude Oil Cargo for Production of Petroleum Products
The Dangote Refinery, located on the outskirts of Lagos, is gearing up for the commencement of production as it prepares…
Equinor Sells Nigerian Business, Including Agbami Oil Field Stake, to Chappal Energies
Norwegian energy company Equinor has completed the sale of its Nigerian business, including its stake in the Agbami oil field,…
NIBSS Directs Banks to Disconnect Switches, Payment Solution Providers, and Super Agents from NIP Outward System
The Nigeria Inter-Bank Settlement System (NIBSS) has issued a directive instructing banks to disconnect Switches, Payment Solution Service Providers (PSSPs),…
Federal Allocation to States and Local Governments Projected to Increase by 109.74% to N14.04tn in 2024
The Federal Government’s revenue projections in its Revised 2024 – 2026 Medium-Term Fiscal Framework indicate that federal allocation to states…
Shale Oil Resurgence Sparks Concerns for Nigeria and OPEC Amid Budget Reliance on Oil Revenue
The resurgence of shale oil production in the United States is causing concerns for Nigeria and other oil-producing nations, reminiscent…
Nigerian Students Abroad Face Racism, Struggles, and Resilience in Pursuit of Education
Introduction: Nigerian students pursuing education abroad face challenges ranging from racism and hostilities to systemic biases. Despite encountering hardships, many…
Nigeria’s Economy Records Higher Net Foreign Exchange Inflow Amid Reserve Decline
Nigeria experienced a higher net foreign exchange (FX) inflow in August 2023, driven by increased autonomous sources. While the data…
Equinor Sells Nigerian Business to Chappal Energies in $2.85 Billion Deal
Norwegian energy company Equinor has finalized the sale of its Nigerian business, including its 53.85% ownership in the Agbami oil…