NSITF Targets One Million Annual Registration, Settles Over 100,000 Claims
The Managing Director and CEO of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Oluwaseun Faleye, announced that the Fund…
Day: August 16, 2024
Dwindling Telecom investments: NIGCOMSAT proposes strategic partnerships to cushion effects
Nigeria’s telecommunications industry is facing a downturn due to the devaluation of the naira, which has significantly increased the cost…
Delay In Crude Supply To Dangote Refinery Poses Risk To Nigeria’s Economy — EIU Report
The Economist Intelligence Unit (EIU) has raised concerns that further delays in securing crude oil feedstock for the Dangote Petroleum…
SEC to set up special units as unclaimed dividends hit N215bn
The Securities and Exchange Commission (SEC) is launching a special unit and developing a mobile application to address the growing…
Consumer Goods Companies report reduced margins in the first half of 2024, blame higher production
In the first half of 2024, consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a significant surge…
Nigeria, Equatorial Guinea sign gas pipeline agreement
On Wednesday in Malabo, Nigeria’s President Bola Tinubu and Equatorial Guinea’s President Teodoro Mbasogo signed an agreement for the Gulf…
5,000MW power generation shameful, says minister
Minister of Power, Adebayo Adelabu, expressed strong discontent with Nigeria’s current electricity generation capacity of 5,000 megawatts, calling it “shameful”…
NUPRC sued in 70 cases this year – Official
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been involved in over 70 legal cases this year alone, according to…
GTB confirms hackers attempt to compromise website
Guaranty Trust Bank Plc (GTBank) has confirmed an isolated incident involving an attempt to compromise its website domain, which occurred…
Equity market extends loss to fourth consecutive day
The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of losses. Investors saw a…