NNPC targets two million barrels oil production daily The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million[Read More…]
Nigeria seeks $500m World Bank loan for dam safety, others The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation. The request was disclosed in World Bank’s Project Information Document on Monday. According to the document,[Read More…]
The Nigerian Airspace Management Agency has suspended its earlier announced increase in navigational charges by 800 per cent based on the directive of the Minister of Aviation and Aerospace Development, Festus Keyamo. This was disclosed this in a statement by the Director of Public Affairs and Consumer Protection of[Read More…]
Tinubu signs N70,000 minimum wage bill into law President Bola Tinubu has signed the new minimum wage bill into law. The president signed the bill in the council chamber of the State House, in the middle of the federal executive council (FEC) meeting. The council suspended the meeting to[Read More…]
There is tremendous excitement in the air as the first female Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe clocked 60 years on Sunday July 28, given her outstanding performance in the nation’s financial services sector that had earned her respect amongst banks’ top[Read More…]
Telecommunications operators in Nigeria have blocked millions of lines from making and receiving calls as part of an effort to complete the process of linking subscribers’ National Identification Numbers (NIN) with their active SIMs. This is in accordance with the Nigerian Communications Commission’s (NCC) directive to bar all subscribers[Read More…]
CAC issues guidelines for banks recapitalisation, merger The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on Friday, said the new directive is pursuant to its[Read More…]
Bola-Audu, Thugs Invade ASCSN Abuja Office, union condemns act The office of the Association of Senior Civil Servants of Nigeria (ASCSN), Area 7 at the Federal Capital Territory, Abuja was on Wednesday, July 24, 2024 invaded by Bola-Audu Innocent and his thugs. ASCSN Secretary-General, Comrade Joshua Apebo, who disclosed[Read More…]
FG warns IOCs against disregarding gas flare directives The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most of the[Read More…]
CBN increases interest rate to 26.75% amid soaring Inflation The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices. CBN Governor, Olayemi Cardoso, announced this after[Read More…]
