Alleged Duty Payment Fraud is Discovered by FCCPC.
According to Babatunde Irukera, the Federal Competition and Consumer Protection Commission’s executive vice chairman and chief executive officer, some importers…
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 Muhammadu Buhari (Retd.)…
Chinese Oil Demand is Expected to Increase in 2023, According to OPEC.
In a statement outlining its expectations for the state of the global economy in 2023, OPEC predicted that Chinese oil…
Nigeria: Power Output Declines by 1,713GWh.
According to the most recent industry data, power generation on the national grid fell steadily in the first and second…
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 Sub-Saharan nations run…
PenCom Endorses 181 Companies for Government Contracts.
181 companies have received permission from the National Pension Commission to conduct business with the Federal Government. In a report…
Davos2023: A WEF Survey Predicts a Global Recession in 2023.
In a survey conducted by the World Economic Forum (WEF) of chief economists from the private and public sectors, two-thirds…
Ghana Delays The Exchange Deadline for Domestic Debt a Third Time.
The registration deadline for Ghana’s domestic debt exchange has once more been extended, this time to January 31, according to…
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 Constituency, has called on the…
Microsoft is Rumoured to be Investing in OpenAI and Increasing ChatGPT Access.
Microsoft Corp (MSFT. O) announced that it is expanding access to wildly popular software from OpenAI, a startup it is…
China’s 2022 Economic Growth One of the Worst on Record.
As a result of severe COVID restrictions and a downturn in the real estate market in the fourth quarter of…
Gold Prices are Seen Rising Toward High Records.
As the United States slows the pace of rate hikes and eventually stops increasing them, analysts predict that gold prices…
PoS Operators Reject Raising the Service Fee.
In response to the Central Bank of Nigeria’s decision to review the cash withdrawal limits for automated teller machines and…
National Assembly Resumes, with a Priority on Restructuring the N23.7tn Loan.
The National Assembly will reconvene after its holiday recess to address outstanding matters of national importance, including the president’s request,…
Officially, the NLNG Bonny Plant is Still Functioning.
According to the Nigeria LNG Limited, despite a force majeure declaration made in October 2022 and issues with feed gas…
The Licensing for Oil Blocks will End in April – Nigeria FG.
The Federal Government declared that the seven deep offshore open oil blocs licensing round, which started on January 3, 2023,…
Inflation Rate in Nigeria Drops for the First Time in 11 Months.
The inflation rate in Nigeria decreased to 21.34 percent for the first time in 11 months. Up until November 2022,…
Market Value Decreases by N89.14 billion.
The market capitalization of the Nigerian Exchange Limited’s stock market decreased by N89.14 billion, signalling the start of a down…
The World Bank Chooses BoI to Allocate Funds for MSME
According to the Bank of Industry, the World Bank has approved its nomination as the national provider of the NG-CARES…
Shipowner Dispute Over $350 million Maritime Fund Distribution.
The Maritime Administration and Safety Agency wanted to merge with the Nigerian Indigenous Shipowners Association before distributing the $350 million…
CBN Initiates $15.3 billion to Help Bolster Naira.
To maintain the value of naira from January to October 2022, the Central Bank of Nigeria injected $15.3 billion into…
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 claimed that the country’s inflation…
Indian Businesses Invests $19 billion in Nigeria.
Over 135 Indian companies have made a total of $19 billion in investments in Nigeria over the course of the…
World Bank Attributes The Decline in Oil Production to Technical Issues.
According to the World Bank, the 40% decrease in Nigeria’s oil production last year was caused by technical issues, insecurity,…
Exxon is Getting Ready to Begin a $2 billion Texas Oil Refinery Expansion.
Exxon Mobil Corp (XOM.N) set to significantly increase the production of gasoline and diesel at its Beaumont, Texas, refinery, completing…
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 all new valid registrants…
Nigeria and Spain are Increasing their Gas Investment.
The Federal Government has begun discussions with the Spanish government to encourage investment in the petroleum sector, leveraging possibilities made…
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 fatalities with over…
N446 billion was gained by stock investors.
Due to ongoing buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings result, stock…
Bank Borrowing from the CBN Increases by 260% to N21.87 trillion.
According to CBN financial data, Deposit Money Banks borrowed N21.87 trillion from the Central Bank of Nigeria in 2020 through…