Petrol transporters gradually halt operations over low freight rates
Transporters of PMS on Thursday said the nationwide scarcity of PMS was partly due to the gradual halt in the…
Category: Local
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
FirstBank Felicitates With Junior Achievement Nigeria On Nobel Peace Prize Nomination
In recognition of the giant strides and efforts by Junior Achievement Worldwide – the parent body of Junior Achievement Nigeria…
NUPENG threatens strike, alleges FG fails to fix 21 highways
The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday threatened to begin…
MTN Pays $253.86 Million Balance To NCC For 5G Licence
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth generation (5G) licence fee to the…
Audit query: Reps summons ITF boss over four-year unapproved spending
Acting DG Mrs Adesola Taiwo of Industrial Training Fund was summoned by the House of Representatives Committee on Public Accounts.…
NIMC portal: Telcos bow to pressure, begin server configuration to vNIN platform
Telecommunication operators have begun preparations towards migrating to the Virtual NIN platform in a bid to resolve the technical difficulties…
NBC grants TV broadcast licence to NYSC
The National Broadcasting Commission has granted an operational licence to the National Youth Service Corps for the commencement of direct…
Nigeria, others miss oil production targets as disruptions persist
The Organization of the Petroleum Exporting Countries and its allies continue to underperform their increasingly lofty oil production targets. With…
French Startup Alma Raises €115M to fund Expansion Across Western Europe
French buy-now-pay-later platform Alma raised 115 million euros ($131 million) in equity funding as it seeks to speed up its…
Telcos begins NIN verification as Galaxy Backbone downtime continues
As the NIMC portal continues to experience downtime due to a technical glitch, telecom companies have resumed SIM verification services.…
CBN to stop forex sale to banks by December targets $200bn non-oil exports
The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks…
NNPC, Sahara Group, Edo begin 16.7km Edo road project
The Nigerian National Petroleum Company together with one of its joint ventures partners, Engaged Resources Limited flagged off a 16.7-kilometre…
US Appeal Court Permits Nigeria To Request Documents From P&ID Stakeholders
A US court of appeals for the second circuit has overturned orders which blocked Nigeria from obtaining documents to support…
UN Seek $1.1 Million To Aid Displaced Persons In Northern Nigeria
The United Nations is requesting for the sum of $1.1 million to aid displaced persons living in the northern part…
We Will Tell Them Don’t Come To Central Bank For Foreign Exchange Again: CBN To Banks
The Central Bank of Nigeria (CBN) has indicated that it would discontinue the sale of foreign exchange to Deposit Money…
Nigeria President Order That Importers Of Contaminated Fuel Be Held Accountable
President Muhammadu Buhari has ordered that those responsible for importing petrol with higher than normal amounts of methanol, which caused…
Facebook Asks Nigerian Customers To Update Records By Feb 25
Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT) identification numbers by February 25.…
Oyo seals IBEDC, says DISCO owes N400m
Ibadan Electricity Distribution Company Management has said it cut power supply to the Oyo State Secretariat over the issue of…
Bitfinex Hack: FBI Nabs Couple Over $4.5 Billion Stolen Crypto
The Federal Bureau of Investigation has arrested and charged Ilya Lichtenstein and Heather Morgan with conspiracy to launder stolen cryptocurrency.…
CBN N50 Billion COVID-19 Loan: Nigerians React To NIRSAL’s Call For Repayment
The management of NIRSAL Microfinance Bank has requested for the payback of COVID-19 loans secured by many entrepreneurs across Nigeria…
Who Wants To Be A Millionaire?: UP, Payattitude, Payarena, Hope PSBank Unveiled As New Sponsors
The ace TV game show Who Wants To Be A Millionaire? on Sunday unveiled the new sponsors for Series 2- …
Prioritise interest of investors’ — SEC tells capital market operators
Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market operators to prioritise…
CITN expresses commitment to grow taxation
The CITN President Adesina Adedayo has said the institute is committed to expanding taxation in the country. Adedayo said this…
Elon Musk and Jeff Bezos, each gained $3.5 billion in a day
Elon Musk and Jeff Bezos, have seen their wealth jump on the back of strong gains despite concerns that the…
Nigerian Insurers Association Paid Over #11 Billion For 2020 Loss Claim
The Nigerian Insurers Association (NIA) says insurers paid over N11 billion as claims for losses suffered during the 2020 #EndSARS…
United States’ DoJ seizes $3.6 billion worth of Bitcoin from 2016 Bitfinex hack
The Department of Justice in the United States announced arrests and seizures of $3.6 billion worth of Bitcoin. The arrest…
Telecoms union gives MTN 14-day ultimatum to address workers’ welfare
Telecom trade union have issued a 14-day ultimatum to MTN Nigeria Telecommunications to address issues on workers welfare or face…
Subscribers groan as Galaxy Backbone battles portal breakdown
Telecommunication subscribers have continued to lament their inability to retrieve lost Subscriber Identity Module or get a new SIM card…
Senate confirms NIPSS DG, considers other agencies’ nominees
The Senate, on Tuesday, confirmed the nomination of Prof. Ayo Omotayo as director-general of the National Institute for Policy and…