The Organization of the Petroleum Exporting Countries pumped 26.63 million barrels per day (bpd) last month, up 145,000 bpd from April. Nigeria and Iraq each raised output by 50,000 bpd and there were smaller hikes in Saudi Arabia...
Financial institutions and deposit money banks have been instructed by the Central Bank of Nigeria (CBN) to halt processing fees for deposits until September 30, 2024. The apex bank in a circular dated May 6, 2024, mandated banking...
The National Council on Privatisation (NCP) has announced that it is exploring the possibility of merging the Bank of Agriculture with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd. The council intends to inject fresh capital into the...
Death has struck again in Nollywood as veteran actor, Amaechi Mounachi, has been reported dead. Three weeks after the passing of comic actor, John Okafor, Mr. Ibu, the Nigerian movie industry is mourning again. It was reported that...
The latest recent data from the National Bureau of Statistics (NBS) shows that in 2023, Nigeria's revenue from foreign-related Value Added Tax (VAT) climbed by 61% to N824.6 billion. Compared to N510.8 billion in 2022, this is a...
Nigerian National Petroleum Company Limited (NNPCL) and Nigerian Content Development & Monitoring Board (NCDMB), yesterday, signed a Memorandum of Understanding with international oil companies (IOCs) to reduce the contracting cycle to 180 days (about six months). On paper,...
The Secretary to the Government of the Federation, George Akume, has said the Federal Government will soon unveil the audit report of probe of the Central Bank of Nigeria. President Bola Tinubu had on July 28, 2023, named...
Federal Government will be introducing mobile courts as part of efforts to address cases of Sexual and Gender-Based Violence (SGBV), among others. At a briefing in Abuja, yesterday, Minister of Women Affairs, Uju Kennedy-Ohaneye, said: “If we have...
The Federal Government has launched a national talent export programme, tagged “National Talent Export Programme (NATEP)’’, designed to create at least one million jobs over the next five years as a special purpose vehicle. The Minister of Industry,...
The Renewable Energy Association of Nigeria (REAN) on Monday spoke of its readiness to explore new avenues for partnerships that would attract investment toward the development of the sector. The Executive Secretary of the association, Miss Bilky Gambo...
