The Nigerian National Petroleum Company Limited has declared a state of urgency for oil production. It disclosed this was a step toward expanding Nigeria’s crude oil output and reserves. Group Chief Executive Officer of NNPCL Mele Kyari…
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and other authorized forex dealers to cease the rejection of old and small denominations of United States dollar bills. The warning, which includes…
The Imo State House of Assembly has indefinitely suspended four lawmakers for their alleged involvement in a plot to impeach the Speaker, Chike Olemgbe. This announcement was made by the Speaker during a plenary session on Tuesday. Speaker…
Senate President Godswill Akpabio has called on Nigerians to rally around President Bola Tinubu to ensure the success of his administration. This plea comes amid rising living costs following the government’s decision to halt the fuel…
The Federal Government has been urged by the House of Representatives to act swiftly to stop the cholera outbreak from spreading throughout the nation. The House adopted a resolution on Tuesday after House Minority Leader Kingsley Chinda…
President Bola Tinubu has appointed a new board for Family Homes Funds Limited (FHFL) as part of his administration’s efforts to invigorate growth within Nigeria’s real estate sector. The announcement was made in a statement issued on…
The average retail price of Premium Motor Spirit (Petrol) in Nigeria reached an unprecedented high in May 2024, with consumers in Jigawa State paying ₦937.50 per litre, according to the latest report from the National Bureau of Statistics …
A member of the House of Representatives, Cyril Hart, walked out on plenary on Tuesday after accusing the Deputy Speaker of the House, Benjamin Kalu, of ignoring first-timers during debates. Hart, a member of the Peoples Democratic Party,…
The Speaker of the House of Representatives, Tajudeen Abbas, has commended his colleagues for rising to the occasion by passing 89 bills and deliberating over 679 motions in the first session of the 10th House. This came as he reminded his…
Social media personality Blessing CEO, has claimed that controversial blogger Tunde Ednut hasn’t been in Nigeria for years because he is fleeing punishment for crimes he committed before leaving the country. She made the allegations while…
Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). While addressing the audience during the opening session of…
A bill to Revoke the National Identity Management Commission Act 2007 has passed the second reading in the Senate. The bill provides for the establishment of a National Identity Database, and the National Identity Management Commission is…
In a bid to enhance their singing, Manchester United plans to bring on Christopher Vivell, the former technical director of Chelsea. Christopher Vivell is expected to be a long-term member of the team as it looks to improve its football…
The Nigerian government has said 250,000 to 300,000 students in tertiary institutions are expected to benefit from its Student Loan Scheme in 2024. The Managing Director of the Nigerian Education Loan Fund, NELFUND, Akintunde Sawyerr,…
The National Samsung Electronics Union (NSEU) has announced a “no pay, no work” general strike, following disputes over better pay and benefits. The union is angry over Samsung’s 5.1% pay hike offer this year. The workers seek improved…
New Zealand introduced further limitations on work visa regulations, aimed at particular groups of holders of Accredited Employer Work Visas (AEWVs). An announcement about the new regulations can be found on the Immigration New Zealand…
The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m. The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the Nigeria – EU Business Forum…
The federal government has approved a new withholding tax regime for the country and introduced key changes to the previous tax regime such as reduction of rates for businesses with low margins and measures to curb evasion. Chairman of the…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says rising transaction volumes by non-banks threatens financial stability in West Africa. He said this on Monday at the 10th meeting of the College of Supervisors for Non…
On Monday, the US Supreme Court ruled that former President Donald Trump enjoys some immunity from prosecution for actions taken while in office, a decision that will likely delay his trial for conspiring to overturn the 2020 election. The…
The National Health Insurance Authority (NHIA) has declared that it will evaluate drug rates in response to Nigeria’s considerable increase in medical inflation over the last several months. On Monday, Dr. Kelechi Ohiri, NHIA’s Director…
The Federal High Court in Lagos continued the trial of former Ekiti State Governor Ayodele Fayose on Monday, with the 13th prosecution witness providing evidence in the N6.9 billion fraud and money laundering case. Abubakar Madaki, a…
Ethiopian Airlines has announced that the Nigerian government has decided to withdraw from its partnership in the proposed Nigeria Air project. The announcement was made by the Airlines’ Group Chief Executive Officer, Mesfin Tasew, in…
The National Bureau of Statistics reported that Nigeria’s telecom sector had an increase in internet subscribers to 164 million in Q1 2024, while voice customers decreased by 3%. According to an NBS Telecom Data report issued on Monday,…
Three businesses’ contracts on the Obajana-Benin Road have been terminated by the Federal Government due to their non-performance. Contract numbers 6136, 6137, and 6138 with Mothercat Ltd., Dantata & Sawoe Construction Ltd., and RCC Ltd.,…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso has called for more regional collaboration to strengthen financial stability and growth in the West African region. The governor made the call at the 10th meeting of the College…
Nigeria’s total capital importation rose by 210.16% in the first quarter of 2024 from $1.08 billion recorded in Q4, 2023 to $3.37 billion in the period under review. This is according to the National Bureau of Statistics (NBS) capital…