Customs To Check Illegal Importation Of Firearms With Advance Ruling System
The Comptroller General of Customs (CGC), Wale Adeniyi, announced that the new Advance Ruling System by the Nigeria Customs Service…
Day: July 16, 2024
PH Refinery Takes Delivery Of 1m Barrel Of Crude, Gets License For Take-Off
The Old Port Harcourt Refinery has received one million barrels of crude oil from the Nigerian National Petroleum Company Ltd…
Jaiz Bank Targets N70bn Capital Base By End 2024
Jaiz Bank, an Islamic and non-interest financial institution, is expected to achieve a N70 billion capital base by the end…
Inflation Soars to 34.19% in June, Food Prices Drive Increase
The National Bureau of Statistics reported that the headline inflation rate in Nigeria rose to 34.19% in June. Food inflation…
FG Inaugurates More CNG Conversion Centres In Abuja
The Presidential Compressed Natural Gas (CNG) Initiative has opened conversion centres in Abuja to accelerate the switch from petrol and…
Nigeria Loses N13.7trn To Illegal Mining Annually – Reps
The House of Representatives Committee on Solid Minerals announced that Nigeria loses $9 billion annually due to illegal mining activities.…
FIRS Seals AEDC Headquarters Over Tax Dispute
The Federal Inland Revenue Service (FIRS) sealed the headquarters of the Abuja Electricity Distribution Company (AEDC) yesterday, causing an emergency…
Jumia Connects Over 11,000 SMEs to Millions of Consumers Across Africa
Jumia, an e-commerce platform, has connected over 11,000 Small and Medium Enterprises (SMEs) to millions of consumers in Nigeria and…
FG, USAID partner on $75 million for energy transition
The U.S. Agency for International Development (USAID) and the Federal Ministry of Power have signed a memorandum of understanding (MoU)…
Cornerstone Embraces Technology, Restructures to Achieve Significant Growth
Cornerstone Insurance Plc has implemented a series of reforms aimed at enhancing service delivery, including process reorganization and technology adoption.…
Naira’s stability pinned on sustained dollar sales by CBN
Analysts predict that the stability of Nigeria’s currency, the naira, will hinge on the Central Bank of Nigeria (CBN) sustaining…
China plans low-carbon upgrades for coal power sector
China has unveiled a government plan aimed at significantly reducing carbon emissions from its coal-fired power industry by implementing low-carbon…
Oil falls on lingering demand concerns in China
Oil prices retreated on Tuesday amid concerns over a slowing Chinese economy impacting demand, despite expectations of an upcoming interest…
Thailand’s Energy Absolute share prices plunge after resumption of trading
Energy Absolute (EA.BK), a leading Thai renewable energy firm, saw its share prices plummet by nearly 30% during Tuesday morning…
Deutsche Bank’s profit streak at risk as Postbank lawsuit looms
Deutsche Bank (DBKGn.DE) is anticipated to report a loss for the second quarter, marking an end to its streak of…