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$265million In Promised Airline Funds Remain Unpaid By FG.
Out of the N465 million owing to international airlines operating in the nation, the federal government has not…
The Insurance Industry Experiences A 17.28% Q2 Growth.
Using data from the National Bureau of Statistics' second quarter 2022 Gross Domestic Product report, it can be…
Angola Becomes Africa’s Biggest Crude Producer.
Nigeria's productivity has been progressively declining since 2020, and this year it struck multi-decade lows.
…
We Invested $7.6billion In The Forex Market- CBN.
The CBN said that in January and February, respectively, it invested $1.65 billion and $1. 39 billion in the…
The Difference Between The Official and Black Market Values Of Naira Grows To…
It is important to note that on September 6th, when it was trading at N434/$, the official exchange rate fell to…
In Q2 2022, Nigeria’s Foreign Trade Will Reach N12.8trillion.
Nigeria reported total international trade of N12. 84 trillion in the second quarter of 2022, up 32.2% from the…
Crude Oil Refiners Association Of Nigeria Has Appealed To The CBN.
The Central Bank of Nigeria (CBN) urged to establish a crude refinery intervention fund; in order to promote…
NASA’s Artemis Moon Rocket’s Initial Launch Will Be Delayed Due To A…
NASA postponed an effort to launch its enormous, next-generation rocketship for the second time in a week. Blaming…
Airlines Selling Tickets In Dollars Will Be Fined By The Nigeria FG.
The Minister of Aviation, Hadi Sirika, claimed several airlines rejected naira and instead charged ticket prices…
Nigeria FG To Collaborate With Qatar On Cultural Promotion.
Yakubu Ahmed, the Extraordinary and Plenipotentiary Ambassador of Nigeria to the State of Qatar; has asked for…
Even with Dangote and NNPC Refineries, Petrol Will Sell Above N400/Litre.
An analysis of oil prices, import duties, and refinery contracts shows that even if the Dangote Refinery and those…
Capital Inflows Were 23% Lower Due To Insecurity And The FX Crisis.
Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis.
The…
Foreign-owned Operators Demand For Dollar Payments Is Putting Local Telecoms…
Smaller and domestic players are allegedly being prevented from expanding; because foreign telecoms companies…
Currency In Circulation Decreases To N3.24 trillion
Currency in circulation refers to the amount of cash–in the form of paper notes or coin within a country; that is…
In Q2 2022, Nigeria’s GDP Was Boosted By The ICT Industry By 18.44%.
The second quarter of 2022 saw an increase in Nigeria's gross domestic product (GDP) growth from the first…
Nigeria’s 1.826mb/d Output Has Been Approved By OPEC.
The Organization of Petroleum Exporting Countries has given Nigeria permission to produce 1.826 million barrels…
Liz Truss Wins Vote To Be Next British Prime Minister.
UK Foreign Secretary Liz Truss is the next prime minister and leader of the ruling Conservative Party. Truss…
Nigeria’s Foreign Reserves Decrease To $39billion In August 2022 Due To…
The decline in foreign reserves comes amidst over $100 crude oil average price in August; against a benchmark of…
PenCom Revises The Regulations Governing Retirement And Gratuity benefits.
The Revised Regulation includes a new pension augmentation to address the problems associated with its…
98.75 million SIM Cards Are Not Used By Subscribers.
According to recent industry statistics from the Nigerian Communications Commission, 98. 75 million registered…
We Are Prepared For Audit, According To Petrol Supply Data, Says NNPC.
A forensic examination of the import and supply of Premium Motor Spirit has been welcomed by the Nigerian National…
Lufthansa To Cancel 800 Flights Due To Pilots’ Strike.
Germany's Lufthansa (LHAG. DE) said it will have to cancel 800 flights on Friday, likely affecting 130,000…
Gas Price Rises By 122%, Household Incomes Shrink.
Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan; which intends to…
High Cost Of Living Takes Toll On Nigerians
Nigerians are passing through difficult times as the cost of living continues to rise, Daily Trust reports.
…
Turkey Raises Electricity, Gas Prices By 50% For Industry, 20% For Homes.
Turkish authorities raised electricity and natural gas prices for households by around 20% and by around 50% for…
NNPC Adopts Saudi Aramco’s Security Model
Nigeria is adopting the security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines and…
Most airplanes In Nigeria Grounded, Says NCAA.
A significant number of airplanes operating across the country are currently not in use. Due to the crisis rocking…
Jobs Jolt In The United State.
A look at the day ahead in U.S. and global markets from Mike Dolan.
Whatever quarterly growth statistics are…
80% Of Crude Oil Being Stolen With Connivance Of N’Delta Govs —Adebayo, SDP…
Prince Adewole Adebayo, has said 80% of the country’s crude oil were being stolen with the connivance; and…
If FG Loves Education, $23m Abacha Loot Would Be Used To Meet Our Demands –…
The Academic Staff Union of Universities says the federal government should have used the recovered $23 million…