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Malami Rejects Allegations of a $2.4 billion Loss from Crude Oil Sale to China.
Abubakar Malami, the Attorney General of the Federation (AGF) and Minister of Justice, has refuted reports that…
The Terminal Operators Ceases the New Import Vehicle Fee.
The N50,000 per unit surcharge on imported secondhand autos that are hoisted by people has been halted by Ports…
Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.
…
Operators put 122 billion Naira in Pension Funds into Infrastructure.
As of the end of February 2023, data collected from the National Pension Commission showed that Pension Funds…
Group Requests EFCC, ICPC Investigation into Ajaokuta Steel Plant Concession.
According to Olamilekan Adegbite, the Minister of Mines and Steel Development, 11 foreign businesses expressed…
FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they…
World Bank: Diaspora Nigerians Remitted $168 billion in Eight Years.
In the last eight years, the Nigerian Diaspora has sent $168.33 billion to Nigeria, according to data compiled by…
A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the…
40% Pay Rise – Crisis Looms in Nigeria Universities.
There are signs that university unions may protest the federal government for allegedly leaving their members out…
Sudan War: The Only Viable Exit for Nigerians Is By Road – Government.
The federal government declared Friday night that a road evacuation of Nigerians from the war-torn Sudan was the…
In One Week, Investors Lost N304 billion.
The market capitalization lost N304 billion to end the week at N27.963 trillion, and the All-Share Index decreased…
USA Donates $5.7 million to Aid Nigeria.
Nigeria will receive $5.7 million in assistance from the United States of America to oversee elections. This was…
Nigeria Currently Owes the World Bank 6 trillion.
Nigeria moved up the list of the top 10 International Development Association borrowers due to increasing debt.…
FG: IOCs Moved $21bn Investments to Other Countries.
According to the Federal Government, between 2014 and 2022, the majority of foreign oil corporations that work in…
NBS Set to Release Unemployment Rate in May.
By May 2023, the National Bureau of Statistics will present updated employment and unemployment rates for the…
Lagos Paid retirees N50billion in Four Years.
According to Mrs. Ajibola Ponnle, Commissioner for Establishments, Training, and Pensions, Lagos paid its retirees…
FG Gives the NSITF Infrastructure Upgrade Concession a N15 billion Approval.
The second phase of the computerized Nigeria Social Insurance Trust Fund, which will allow concessionaires to…
Insecurity: Local Rice Price Increased by 200%
The price of one kilogram of local rice has increased by 211.52% in seven years as a result of rising insecurity…
FEC Approves N142bn e-Customs Project.
Notwithstanding rumors of an existing court injunction prohibiting it from moving forward with the project, the…
Union Bank’s Earnings Increase by 19%.
According to Union Bank of Nigeria Plc, its total earnings increased by 19% to N208. 2 billion in the 2022 fiscal…
FAAC: Allocation Decreases as FG, States, and LGs Split N715 billion.
According to the Federal Account Allocation Committee, in March 2023, N714.63 billion was distributed across the…
Leadway Assurance: Implements Security Measures Against Hackers.
According to Leadway Assurance Company Ltd, it has taken "mitigation steps" after discovering a hacker intrusion…
What to Expect As CBN Moves To Gather Dormant, Unclaimed Funds.
The exposure draft of rules on the administration of dormant accounts, unclaimed balances, and other financial…
Ex-JAMB Registrar, Ojerinde’s Trial Starts Today for a $6 billion Fraud
Professor Dibu Ojerinde, a former Registrar of the Joint Admission and Matriculation Board, and his four children…
EPayments Reach N49.4 Trillion, With 40% of Failed Transactions Unresolved
According to CIO, we have handled more than 60% of ePayment issues. Although banks owe telcos over N100 billion in…
The Nigerian Exchange Limited Recorded N2bn Gain for Investors.
The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors.
The All-Share Index also…
Nigeria Fails to Settle its Debt to China.
Nigeria's debt to China, which has risen to N110.31 billion over the past two years, has not been paid off. The…
NRC Generates N12 billion, Spends N111 billion to Service Debt.
The Federal Government has spent $247.98m (or N111.23bn at the Central Bank of Nigeria's official currency rate of…
According to Buhari, Marginal Oilfield Sales Brought in N203 billion.
The sale of petroleum prospecting licenses to 161 companies in its most recent marginal fields bid round brought…
FG: 40% Salary Increase for Workers in April.
By the end of this month (April), the Federal Government will start paying the anticipated wage raise for…