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…]
CBN moves to protect monies in dormant accounts from frauds The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks are susceptible to fraud. He said this on Tuesday at the end of the 296th meeting of the Monetary[Read More…]
SEC, AfDB advocate green finance to boost eco-friendly economy The Securities and Exchange Commission in collaboration with the African Development Bank, have called for a heightened embrace of green finance as a strategy to combat climate change and foster a sustainable economy in the country. The Director-General of the[Read More…]
Dangote accuses NNPC officials, trader’s of secret Malta plants Dangote’s revelation has sparked concerns about the integrity of Nigeria’s fuel supply chain and the role of NNPC officials and traders in perpetuating the importation of substandard fuel. The billionaire businessman revealed this at the House of Representatives on Monday,[Read More…]
Dangote offers to sell refinery to NNPC over ‘monopoly’ allegation Africa’s richest businessman, Aliko Dangote has said he is willing to sell his oil refinery to the Nigerian l Petroleum Company (NNPC) Limited. Dangote disclosed this in an interview with Premium Times on Sunday. The billionaire’s statement[Read More…]
Biden exists presidential race, ends white house bid US President Joe Biden has stepped down from the presidential election. In a statement on Sunday, Biden said it is his intention to seek reelection as president, but his decision to quit the race is in the interest of the Democratic[Read More…]
Dangote drops plan to invest in Nigeria’s steel sector President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plan to invest in the steel industry. This is coming after facing what appears to be sabotage from the Nigerian[Read More…]
Court orders INEC to probe governors, others over 2023 election violence Federal High Court, Abuja has ordered the Independent National Electoral Commission, INEC to probe governors, Deputies, and others over electoral violence, bribery, and vote-buying during 2023 general elections. According to a statement issued by the Socio-Economic[Read More…]
Tinubu approves N70,000 minimum wage President Bola Tinubu has approved N70,000 as the new minimum wage for workers in the country. Tinubu announced the minimum wage during a meeting with leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the presidential villa on Thursday. NLC president,[Read More…]
