Report Urges Safe Dismantling of Shell’s Infrastructure
A report on the environmental impact of multinational companies in Nigeria stresses the need for Shell to safely dismantle its…
Tag: Local
Pension Scheme Assets Hit N18.36tn, Increases by 22%
Data released by the National Pension Commission reveals that the total assets under the Contributory Pension Scheme soared to N18.36tn…
Transport Union Gets Government Approval
The Amalgamated Union of App-Based Transport Workers of Nigeria has received federal government approval for trade union recognition. With this…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, “Nigeria’s sovereign-risk premium jumped the most in three months after Moody’s Investors Service downgraded the country…
Central Bank of Nigeria Recovers N1.9 trillion Following Naira Redesign.
The United Nations has said the Nigerian economy will grow to three percent in 2023 because of robust commodities trade…
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 announcement after…
Nigerian FG Estimates Fuel Subsidy Payment Of N6.72 Trillion For 2023
The Nigerian FG has announced that the subsidy on petrol is estimated at N6.72 trillion for 2023, which would be…
Nigeria Can Unlock Non-Oil Export Opportunities, Says Ovia, Dangote, Others
Stakeholders, including Jim Ovia, founder and Chairman of Zenith Bank Plc; Aliko Dangote, chairman of Dangote Industries Limited, and Godwin…
Darkness As Nigeria’s Electricity Grid Collapses Again, Sixth Time In 2022
Major Nigerian cities including the Federal Capital Territory were thrown into darkness on Wednesday when the country’s electricity grid collapsed. Electricity distribution…
NIN: Why Nigeria May Miss World Bank’s 148 Million National Identification Number Enrolment Target
There are strong indications that Nigeria may miss the World Bank’s target of 148 million enrollments for the National Identification…
Stock Investors Lose N6bn as MPC Hikes Rate To 14%
The decision of the Monetary Policy Committee (MPC) to raise the Monetary Policy Rate (MPR) to 14% from 13% had…
Higher Crude Oil Prices Boost Nigeria’s Oil And Gas Stocks
The Oil and Gas Index which emerged as the best performing index has gained 64.42% year-to-date. The Nigerian Stock Market…
CBN’s RT 200 generates $600 million in 6 months
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded in Nigeria’s external…
Nigeria To Pursue $3.5 Billion Civil Claim Against Eni And Shell
Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings…
Lagos To Launch New Electronic ID Card for Residents
Lagos State Government is set to roll out smart i.d cards for residents of the State through the LSRRA The…