Reps Query NCC Over Multi-billion Naira USPF Projects.
The Nigerian Communication Commission (NCC) has been questioned by the House of Representatives regarding 1014 projects funded by the Universal…
Author: akintunde
Transcorp Power Receives a Discharge Certificate from Osinbajo.
According to Vice President Yemi Osinbajo, meeting Nigeria’s growing energy needs would require “serious” private sector investment in the country’s…
Dangote Refinery Set to Launch May 22nd.
There is new hope for Nigeria to increase its capacity for domestically refined fuel by 103.34 million liters per day…
Eight Banks Report Loan Losses at N502 billion.
Eight banks reported N502 billion in net impairment charges in 2022, in an effort to lessen the adverse effects of…
Purchasing Power Falls as FG Slams New Tax Law.
The federal government recently adopted a new tax law that was included in the 2023 Fiscal Policy measures and has…
Nigeria is Ready for Cashless Policy Due to Mobile Transaction Increase.
Economists interpret the recent surge in mobile transaction volumes as a sign that Nigeria is poised for a cashless economy.…
Nigeria, Others Need $7.5 billion to Deepen LPG Usage.
According to the African Refiners and Distributors Association, replacing charcoal with clean cooking gas, also known as liquefied petroleum gas,…
Nigerian Oil Production Falls for First Time in Seven Months.
Nigeria’s crude oil production fell by 38,102 barrels per day in March, a cumulative monthly loss of about 1,181,162 barrels,…
FG Advances Biometric Technology to Stop Illegal Mining.
The federal government, through the Ministry of Mines and Steel Development, stressed that collecting biometrics of registered artisanal and small-scale…
NIMC: E-identity is Critical to the Digital Economy.
A strong and secure e-identity system is crucial, according to Aliyu Abubakar, Director-General of the National Identity Management Commission, in…
UN Mobilizes N38 Billion for Nigeria’s Agriculture Sector .
In order to enhance Nigeria’s agriculture industry from 2023 to 2027, the United Nations will work with the federal and…
Nigeria’s World Bank Borrowing Hits $14.34 Billion In Q1 – Report.
Nigeria’s borrowing from the World Bank has reached $14.34 billion as of March 31, 2023. This is up from its…
Guideliness for Contactless Payment Systems will be Released by the CBN.
According to the Central Bank of Nigeria (CBN), guidelines will soon be released to encourage the effective and safe usage…
CBN will Provide Rules for Contactless Payments.
According to the Central Bank of Nigeria (CBN), guidelines will soon be released to encourage the effective and safe usage…
Dangote Announces Date For Commissioning Of Multi-Billion Refineries
On May 22, President Muhammadu Buhari is anticipated in Lagos to officially open the Dangote Refinery.On Sunday, Bashir Ahmad, the…
Lagos-Ibadan Expressway: FRSC Issues Traffic Alert For Travellers
In response to a traffic accident that occurred on the Lagos-Ibadan expressway on Sunday, the Federal Road Safety Corps (FRSC)…
Housing Shortage Would be Resolved Through National Mortgage Policy – El-Rufai
Nasir el-Rufai, the governor of Kaduna State, claims that Nigeria needs a supportive mortgage policy to address its housing shortage.…
Stakeholders Attribute the Collapse of Buildings on Inadequate Regulations
Stakeholders in the built environment contend that the bulk of the nation’s building failures were caused by the failure to…
President Buhari Set to Commission Dangote Refinery.
According to a spokesperson for the president, Nigerian President Muhammadu Buhari will officially open the multibillion-dollar Dangote oil refinery in…
Fuel Prices might Increase by 250% to N8tn when Subsidies are Removed.
According to the latest intelligence and industry data, when the federal government stops subsidizing PMS in June, between July and…
Reps Increase Buhari’s Supplemental Spending to N23.7 trillion.
The Federal Government acquired Ways and Means Advances worth N23,719,703,774,306.90 from the Central Bank of Nigeria, and the House of…
HOSCON Aims to Invest US$5 billion in Member States.
The Host Communities of Nigeria Producing Oil and Gas (HOSCON) said that it is aiming to raise $5 billion in…
Access Bank Receives Regulatory Approval to Acquire Angola Company.
The Central Bank of Angola, Banco Nacional de Angola, has given its clearance to Access Bank, the flagship subsidiary of…
Carl Cruz is Appointed as MD and CEO of Airtel Nigeria by Airtel Africa.
Carl Cruz has been appointed as the Managing Director and Chief Executive Officer of Airtel Networks Limited (Nigeria), according to…
Naira Crisis, Elections Impact 2023 Revenue.
The Nigerian Exchanges Group said the recent general election and the Central Bank of Nigeria’s rebalancing policy had a negative…
Federal Roads: FG Pays State N860 billion in 8 Years.
The federal government has repaid N859.7 billion to various state governments to reimburse the costs of building federal roads over…
Nigerian Lawmakers Approve $52 billion Central Bank Loan Restructuring.
Nigeria’s House of Representatives approved a plan to restructure 23.7 trillion naira ($52 billion) of short-term central bank loans into…
Poverty Alleviation: FG Slates Budget Allotation for geograhic data.
State Budget and Regional Planning Minister Clem Agba announced that the federal government plans to include geospatial data allocations in…
FG Disconnects Discos from National Grid Over Debt.
Millions of electricity consumers could be plunged into darkness in the coming weeks as the federal government, through Nigeria’s transmission…
Nigeria, Iraq Drag OPEC Output Down.
Oil production by the Organization of the Petroleum Exporting Countries fell in April due to supply delays in Nigeria and…