OPEC Raises Nigeria’s Oil Production Bar To 1.666mbpd
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) on Thursday raised the production quota of members by 0.4…
Category: Local
Botswana’s Second Privately-Owned Coal Mine Set To Begin Work In 2022
Work is due to begin on Botswana’s second privately-owned coal mine in the first quarter of next year, the CEO…
Unilever Nigeria Recorded N58.7 Billion Q3 Turnover
Unilever Nigeria Plc has said it recorded a turnover of N58.7bn in the third quarter of 2021, compared to N44.7bn…
Foreign Exchange Payment For Estacodes And Personal Travel Allowances Amount To $3.95 Billion
The amount of foreign exchange used for the payment of estacodes and Personal Travel Allowances to Ministries, Departments and Agencies…
MTN Nigeria And Airtel Africa Plc Can Now Operate Payment Service Bank
MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a payment service bank (PSB) in the…
Telecommunications Operators Request NCC To Reduce Price Set For 3.5GHz Spectrum Auction
Telecommunications operators have called on the Nigerian Communications Commission (NCC) to reduce the $197.4 million (N75 billion) reserve price set…
Facebook Test For Creator Of Facebook Group To Earn On Exclusive Access
Facebook is testing ways for creators to make money through Facebook Groups, such as users paying fees for exclusive access…
Alleged Deduction Of N1.1 billion From 2021 Culture and Tourism Budgetary Allocation To Be Investigated
The house of representatives committee on culture and tourism says it will investigate the alleged deduction of N1.1 billion from…
FG To Safeguard Nigeria’s Digital Economy While Building Stakeholders Trust
The Federal Government has renewed its plans to safeguard Nigeria’s digital economy from cybercrimes while building more trust among strategic…
Spectrum Auction For 5G Services To Hold On 13 December
The Nigerian Communications Commission (NCC) says the upcoming spectrum auction for 5G services will hold December 13, 2021. Oluwatoyin Asaju,…
Nigeria Customs Service Get FG Approval Of N1.5 Billion For Procurement Of 46 Vehicles
The federal executive council has approved N1.5 billion for the procurement of 46 vehicles for the Nigeria Customs Service Clement…
N5.7 Trillion Spent For Darkness Eight Years After Privatisation In Nigeria
In what most industry players and consumer right groups, yesterday, described as payment for darkness, Nigerians, in the past eight…
Federal Government Begins Clamp Down On Banks Aiding ‘Fiscal Carelessness’ Of States
The Federal Government may begin to clamp down on banks and other financial institutions aiding “fiscal carelessness” by granting loans…
Debt Management Office To Issue N250Billion Sukuk Bond
The Debt Management Office (DMO) says it will issue about N250 billion Sukuk to finance road projects.The DMO said this…
NCC Assures Of Renewed Commitment To Collaborate With Industry Stakeholders
The telecoms industry regulator, Nigerian Communications Commission (NCC), has assured Nigerians of its renewed commitment to collaborate with industry stakeholders…
Nigeria Stock Exchange: Trading Of Financial Derivatives Will Assist In Developing The Economy
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play…
Nigerian National Petroleum Corporation Contribution To Federation Account Dropped By N13 Billion
The total contribution of the Nigerian National Petroleum Corporation (NNPC) to the federation account dropped by N13 billion in September 2021.…
CBN: Nigeria’s External Reserves Increase By $5.05 Billion
Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday.…
Facebook Respond To Privacy Concern, To Shut Down Facial Recognition
Scandal-hit Facebook is shutting down its long-criticized facial recognition system and deleting scan data on a billion people, it said…
NIPC Announce $8.99 Billion Investment With Lagos State Topping The List With 81 Percent
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in the third quarter of 2021…
Microsoft Announces Mesh For Microsoft Teams
Microsoft is launching Mesh for Microsoft Teams , a service that combines the AR/VR capabilities of Microsoft Mesh which allows…
94 Percent Of Yearly Pharmaceutical And Medicinal Needs Importation Cost Africa At Least $16 Billion Loss
Pharmacists under the aegis of the Pharmaceutical Society of Nigeria (PSN), yesterday, said Africa loses at least $16 billion (N8.8…
Nigerian Navy Sign Contract To Purchase Offshore Patrol Vessels
The Nigerian Navy yesterday signed a contract with a Turkish company, Messrs Dearsan Shipyard Limited for the purchase of 2…
Acceptance Of £20 And £50 Old Notes To End By December 31st: Deposit Money Banks
Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and…
JAMB Recorded N3.51 Billion As Part Of 3021 Operating Surplus
The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51 billion to the national treasury as part…
NCC Engage Stakeholders On 5G Implementation In Nigeria
The Nigerian Communications Commission says it engage stakeholders this week on the Fifth Generation spectrum auction towards the implementation of…
E-Naira Is More Reliable Than Cryptocurrency: CBN
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate…
Deportation – Hundreds of Nigerians in Kuwait Beg Govt to Fast Track Passport Process
About 600 Nigerians residing in Kuwait are at the risk of being deported over the failure to get their residential…