Business
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Sell crude to Dangote refinery, FG directs IOCs
The Nigerian Upstream Petroleum Regulatory Commission has said it would mandate international oil companies to supply crude oil to Dangote…
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Labour strike: FG loses N149bn in oil sector
Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon…
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FG: CNG to reduce petrol imports by $4.4bn
The Federal Government announced on Tuesday that the country will reduce its annual importation of Premium Motor Spirit, commonly known…
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I’d have organised rally to support labour if FG had not resolved the minimum wage issue by next week
Maverick singer Charles Oputa, professionally known as Charly Boy, has disclosed plans to support the labour unions in their ongoing…
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Things have gotten worse with our ‘son’ Tinubu in power, rice now N77k/bag – Pastor Giwa
The Senior Pastor of Awaiting The Second Coming of Christ Ministry, Adewale Giwa, has urged citizens to return to God…
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Stock investors lose N102bn
The Nigerian Exchange on Monday lost N102bn, underpinned by losses in First Bank of Nigeria Holdings, Seplat Energy and Transcorp.…
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FBN Holdings reports 181% increase in revenue
FBN Holdings’ unaudited financial statement reveals that gross earnings soared by 181.4 percent, reaching N730.3 billion in the first quarter…
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CBN ban: Opay, Kuda issue strict guidelines for account opening
Financial technology firms Kuda Microfinance and OPay have resumed onboarding new customers following a directive from the Central Bank of…
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Breaking: FG, Labour meeting ends + Full resolutions
The meeting convened by the Secretary to the Government of the Federation, George Akume, with organised labour over the industrial…
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Strike: Threatening our representatives would be counterproductive — NLC
The Nigerian Labour Congress (NLC) has warned that any attempt to intimidate, provoke or blackmail its leaders at the negotiation…
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Your demand for N494,000 is unrealistic, strike will do more harm than good – LP to Organised Labour
The Labour Party (LP) in Nigeria has urged workers’ unions to re-negotiate with the government on a new minimum wage…
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Strike: Workers shut FCTA gates
Workers of the Federal Capital Territory Administration (FCTA) under the Joint Unions Action Committee (JUAC) on Monday morning shut the…
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Labour invades TCN, beats workers up, shuts down national grid
Electricity workers have shut down the National Grid as the strike action called by the Nigerian Labour Congress and the…
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Breaking: Workers shut Nigerian ports
Maritime Workers Union of Nigeria (MWUN) has shut down port operations across the country in compliance with the strike directive…
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Breaking: CBN revokes license of Heritage Bank
The Central Bank of Nigeria (CBN) has withdrawn the operating licence of Heritage Bank.
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CBN clears $831m foreign airlines’ trapped funds – IATA
The International Air Transport Association (IATA) has confirmed that the Central Bank of Nigeria (CBN) has cleared foreign airlines trapped…
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GenCos lament N3.7 trn debt, report 10% of invoices paid monthly
Power generation companies in Nigeria, known as GenCos, raised the alarm yesterday over the looming collapse of their operations. They…
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Stock investors gain N619bn in May
Despite persistent interest rate hikes by the Central Bank of Nigeria (CBN), the equities market defied expectations, concluding trading in…
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Market sustains bullish run as investors gain N259bn
The equity market extended its rally to the fourth consecutive trading day as investors gained about N259bn on Thursday. The…
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Power Distribution : FG secures $500m W’Bank loan
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public…
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FG restarts cash payment to citizens to lift inflation burden
Minister of Finance, Wale Edun has said the federal government has restarted the provision of conditional direct N75,000 cash transfers…
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FG pledges more support for local airline operators
The Federal Government (FG) has pledged to offer more assistance to local airline operators to create an enabling environment and…
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Minimum wage: Labour denies settling for N100,000, hides next move
The Nigeria Labour Congress NLC has denied that it has settled for N100,000 as minimum wage, saying its next move…
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Naira rises to 1,339/$ at NAFEM
The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent…
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SEC to announce new recapitalization framework for banks
The Securities and Exchange Commission (SEC) has announced plans to introduce a framework aimed at guiding the capital market through…
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Why power grid hasn’t collapsed in two months — Adelabu
In a significant update, the Minister of Power, Adebayo Adelabu has highlighted recent steps in addressing the issues that have…
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Microsoft invests in South Africa for job creation and AI advancement
Microsoft South Africa is investing R1.3 billion ($70 million) in the South African economy as part of a 10-year agreement…
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Google to launch fiber optic route connecting Africa to Australia
Google has announced Umoja, a fiber optic cable project that will directly connect Africa to Australia.
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BDC operators lament new Central Bank regulations
The Central Bank of Nigeria (CBN) has announced that all existing Bureau de Change (BDC) operators need to reapply for…
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136% of 2023 FX inflows recorded in 2024 Q1 – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, disclosed that the foreign exchange inflows recorded in the…
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REA to generate 500MW of electricity in local communities
The Rural Electrification Agency (REA) has signed two Memoranda of Understanding to generate 500 megawatts of renewable electricity in rural…
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Naira falls to N1,515/$ in black market
The Naira yesterday fell in the parallel market also known as black market to N1,515 per dollar from N1,495 per…
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Alleged fraud: Hadi Sirika, brother arraigned, plead not guilty
The Economic and Financial Crimes Commission, EFCC, has arraigned Hadi Sirika, former aviation minister, over an alleged contract fraud.
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159 million barrels of oil produced in four months – NUPRC
Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024; data by the Nigerian Upstream Petroleum…
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Naira dips to N1,495/$ in black market
The Naira yesterday depreciated in the parallel market also known as the black market to N1,495 per dollar from N1,470…
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EFCC arrests over 200 suspects in crackdown on BDC operators
The Economic and Financial Crimes Commission (EFCC) has arrested over 200 suspects across various states in Nigeria in a sweeping…
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There’s no magic wand to tackle inflation – Cardoso to Nigerians
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has appealed to Nigerians to be patient with the government…
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MPR increase could worsen inflation – NECA warns
The Nigeria Employers’ Consultative Association (NECA) has warned that the ongoing increase in the MPR could worsen the rising inflation…
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Port Harcourt refinery begins operation July
The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was…
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Reps ask government to exempt military personnel from paying toll gate fees
The House of Representatives has asked the Federal Government to review the recent policy on airport toll gates by ensuring…
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