Eroton Remains OML 18 operator, MD Declared.
Eroton Exploration and Production Company Limited, on Wednesday, insisted that it remained the operator of OML-18…
FEC Okays N15bn For Road Linking 2nd Niger Bridge
The Federal Executive Council yesterday approved N15bn for the construction of an access road linking the…
FG Finally Confirms Census Will Hold In May
The Federal Government has confirmed that the 2023 population and housing census earlier scheduled for March 29…
Sanwo-Olu Gives N100 Million To Akere Market Fire Victims
Lagos State's burned-out Akere Motor Parts and Associated Market's vendors have received a N100 million donation…
Sahara Group seeks partnerships for the expansion of the oil industry in Africa
Sahara Group seeks partnerships for the expansion of the oil industry in Africa, According to Wale Ajibade,…
Private Sector Blames the Naira Crisis for the Increase in Inflation to 21.9%.
The naira redesign strategy, which was intended to collect cash and reduce the amount of extra money in…
SVB: CBN Encourages African Regulators to Prevent Bank Failure
Godwin Emefiele, the governor of the Central Bank of Nigeria, has encouraged other central bank governors in…
Fuel Usage Reaches 80 million liters Daily, while subsidies skyrockets.
The amount of Premium Motor Spirit, often known as gasoline, that is consumed each day has increased to 80 million…
Foreign Airlines Trapped Funds Reached $743m – IATA
The International Air Transport Association revealed on Tuesday that the trapped money of international airlines…
Fuel Prices will Rise Due to a Lack of Supply, Marketers Warn
According to oil marketers, the discrepancy in the price of Premium Motor Spirit, also known as gasoline, at the…
Naira Redesign Has Two Issues: Moghalu
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has voiced his displeasure with the…
Ghana Removes Fuel Subsidies and Establishes a Special Refinery Fund to Stabilize…
According to the Ghana National Petroleum Authority (NPA), the nation has put in place regulatory measures, such…
Kenya Plans to Work with Zambian Farmers on a Special Maize Importation Agreement.
In an effort to reduce the price of the staple, Nairobi will sign contracts with farmers in Zambia next month to…
Kenya Nuclear Proposal will Require Billions for Grid Improvements.
When Kenya chooses to move forward with plans to build nuclear power facilities to help meet the nation's…
The CBN Schedules the MPC Meeting.
The Monetary Policy Committee meeting will be place on March 20 and 21, 2023, according to the Central Bank of…
DMO Reopens and Sells Four N360bn FGN Bonds in March
The Debt Management Office (DMO) opened an auction for the purchase of four Federal Government of Nigeria (FGN)…
Cheque Transactions Down to N482.5bn in Two Months Low Naira Supply
The total value of cheque transactions fell to N482.5 billion in the first two months of 2023, a decrease of 2.9%…
Osinbajo Unveils $600 Million in Financing for the ICT and Creative Industries
A $600 million program for young Nigerians in the technology and creative industries was introduced by Vice…
Forex Crisis: Banks Reduce PTA/BTA to $2000, Review Processing Time to 120 Days
Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) dollar amounts have been reduced by 50% at…
Meta To Cut 10,000 Jobs In A Second Wave Of Layoffs
The parent company of Facebook, Meta Platforms Inc has slashed 10,000 additional workers, becoming the first major…
Virgin Atlantic joins Sky Team Alliance.
Virgin Atlantic has joined SkyTeam Alliance, becoming the group's first and only airline from the United Kingdom.
…
Nestle SA Invests N90bn in its Nigerian Arm.
Nestle South Africa, a food and beverage corporation, has purchased N90.29 billion worth of Nestlé Nigeria Plc…
Dollar shortage: Banks Decrease Travel Allowance, International School Costs
In response to a deepening foreign exchange crisis, Deposit Money Banks have reduced the amount of Personal Travel…
Guinea Insurance Gets Fresh N900m Capital
According to Guinea Insurance Plc, it invested around N900 million in its operations during the 2022 fiscal year.…
NPA lauds union over workers’ pay rise
The Maritime Workers' Union of Nigeria received praise from the management of the Nigerian Ports Authority for its…
Economic Hardship and Population Growth are Increasing The Unemployment Situation.
The head of the CPPE emphasized the necessity of fostering an atmosphere that would allow micro, small, and…
FG Investigates a $1.1bn Oil Well Robbery
Oil Mining Licence 17 has been linked to an illegal oil bunkering operation, and individuals responsible for the…
Polaris Encourages Women’s Empowerment In The Workplace.
The country's institutions have been urged by Polaris Bank Limited and other financial sector players to offer…
NSIA Introduces a Technology Competition Portal.
A site for applications has been made available by the Nigeria Sovereign Investment Authority for the first award…
Pfizer To Pay $43 billion to Buy Seagen
The multinational biotechnology business Seagan Inc. and the pharmaceutical behemoth Pfizer have agreed to combine…