Browsing Category
Local
Addax’s Property Is Acquired By NNPCL.
After fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have…
PENGASSAN intends to Crack Down on Marketers for N650 Gasoline.
The Petroleum and Natural Gas Senior Staff Association of Nigeria raised the alarm that their findings showed that…
Contributory Pension Assets Increased to N14.9 trillion.
The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from…
The CBN Has Agreed To Extend Exchanging Old Naira Notes By Ten Days.
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the…
United States Denies Access to People who are “undermining” Nigerian…
Prior to this year's elections in Nigeria, the US announced that it is limiting entrance to those "believed to be…
Nigeria Introduces a Domestic Card Program in an Effort to go Cashless.
Nigeria's central bank unveiled a domestic card program to compete with global cards like Mastercard and…
The NPC has Begun Training for the 2023 Census.
The National Population Commission has begun training functionaries for the 2023 population and housing census,…
Bank Lending to Customers Reaches 29.13%.
As of the end of December 2022, the maximum lending rate in the banking sector was 29.13 percent, while savings…
Dangote Cement Appoints New CEO.
Arvind Pathak has been appointed as the new Chief Executive and Managing Director of Dangote Cement Plc. The new…
Mafab has Launched its 5G Network.
Following Mafab Communications' rollout of 5G services in Abuja, fifth-generation technology penetration is…
Nigeria Forecasts New Flooding in 2023.
The Federal Government predicted that this year will undoubtedly see more flooding in many areas of Nigeria but…
Nigeria: FG wants the London Court to Reverse $11 billion in Damages.
Nigeria was the target of "a campaign of bribery and fraud" regarding a failed gas processing project, its…
Nigeria Launches a $1 billion Deep Sea Port.
Nigeria recently opened a billion-dollar deep seaport in Lagos that was constructed by the Chinese. This port is…
Nigeria FG has Approved a Pay Increase for NPA Employees.
Employees of the Nigerian Ports Authority have expressed delight that the Federal Government has approved a pay…
World Bank: 28.9 million Nigerians Rely on Food Aid.
According to the World Bank, 28 million 900,000 people in Nigeria and other West and Central African countries…
Nigeria: Interest Rates are Likely to Rise as the MPC Meets.
Financial experts have expressed varying opinions on the possible outcomes of the rates ahead of the Central Bank…
Nigeria has Set A Date for its First Census in 17 Years.
As authorities in the most populous nation in Africa seek up-to-date information on the precise population and the…
Nigeria: Kwara State Receives Projects Funding Worth N887 million from the World…
According to Dr. Nusirat Elelu, executive secretary of the Kwara Health Care Development Agency, the state has…
Nigeria Owes China and Four Others $4.85bn
The Federal Government of Nigeria borrowed about $3.27 billion from five nations between June 30, 2015, and…
Bearish Trading Closes with N47 billion Loss In the Stock Market.
Due to profit-taking actions by Dangote Cement Plc and 20 other companies, the Nigerian stock market ended down by…
UK Inflation Decreases to 10.5% in December, While Food Costs Rise.
Although British inflation decreased last month after reaching a 41-year high in October, the pressure on…
Wells Fargo Stock Declines as Analysts Issue Downgrades.
Wells Fargo (NYSE:WFC) stock is declining in pre-market trading as a result of analysts downgrading the banking…
National Assembly Set to Approve Reorganization of N22.7tn Debt.
The Senate is prepared to approve the N23.7 trillion debt restructuring request made by President Major General…
ILO Warns that Nigeria’s Unemployment Rate Could Increase.
The International Labor Organization has issued a dire warning that millions of people in Nigeria and other…
PenCom Endorses 181 Companies for Government Contracts.
181 companies have received permission from the National Pension Commission to conduct business with the Federal…
Nigeria FG Advised to Increase Funding for Road Infrastructure.
Hon. Unyime Idem, a member of the House of Representatives representing the Ukanafun/Oruk Anam Federal…
Market Value Decreases by N89.14 billion.
The market capitalization of the Nigerian Exchange Limited's stock market decreased by N89.14 billion, signalling…
Keyamo: Under Buhari’s Administration, Inflation Rate is not the Highest.
The spokesperson for the All Progressives Congress presidential candidate Asiwaju Bola Tinubu, Festus Keyamo, has…
Millions of Unclaimed PVCs Compel INEC to Change the Deadline.
The National Commissioner dismissed the fear of card shortage, saying the commission “printed 13,868,441 PVCs for…
In Ten Years, 271 Structures have Collapsed in Lagos.
According to records obtained from the Building Collapse Prevention Guild, Lagos State has the highest number of…