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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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NNPCL fuel subsidy gains not fully remitted - World Bank
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FG approves $3.45bn W’Bank loan for power, others

The Federal Executive Council approved the $3.45 billion World Bank loan application on Monday. The loan consists of initiatives for women’s empowerment, the electricity sector, renewable energy, the states’ resource mobilization program, and the teenage girls’ initiative for learning and empowerment, The PUNCH reports. The government would proceed to receive the $3.5 billion “zero-interest” loan […]

Why petrol daily consumption reduced by 33.58% - NMDPRA
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Why petrol daily consumption reduced by 33.58% – NMDPRA

  By Wilson Adekumola Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that the country’s domestic consumption for petrol has significantly decreased from 66.7 million liters before the deregulation to 44.3 million liters per day. Authority Chief Executive of NMDPRA, Farouk Ahmed, disclosed this in his keynote address at the opening session of the […]

Banks dollar sale drops as naira falls to N1,479
Business

Nigeria to get $10bn forex inflows soon, says Edun

The Minister of Finance and Economic Coordination, Mr. Wale Edun, has said roughly $10 billion in forex inflows are expected within weeks rather than months. According to The Times, Edun said this during a panel discussion at the Nigeria Economic Summit, where he also responded to inquiries about stabilizing the foreign exchange market and securing […]

News Tech

Japan probes antimonopoly laws’ violation by Google

The Japanese Fair Trade Commission, on Monday, announced that it has begun looking into Google for a potential violation of antimonopoly laws in web search services. According to the Japan Fair Trade Commission, it is being looked into whether Google violated the country’s Antimonopoly Act by giving Android smartphone manufacturers a portion of its earnings […]

SpaceX commits $2bn to xAI in bold push
News Tech

SpaceX to launch satellites in Europe

Elon Musk’s space company, SpaceX, on Monday, signed a contract to launch up to four of Europe’s premier navigation and secure communications satellites into space, the Wall Street Journal reports. The arrangement still requires final approval from the EU member states and the European Commission, the EU’s executive body, according to the report. The agency’s […]

FG, PWC partner on roadmap for solid minerals
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FG, PWC partner on roadmap for solid minerals

Bisola David The Federal Government has committed to working with the top consulting firm, PricewaterhouseCoopers, in implementing the seven-point roadmap to reform the industry. This commitment is being made through the Ministry of Solid Minerals Development. According to a statement released on Sunday by the Special Assistant for Media to the Honourable Minister of Solid Minerals Development, […]

Tinubu signs seven bilateral agreements with Qatar
Business

FG to build 34,500 homes nationwide

President Bola Tinubu has authorized the construction of 34,500 homes around the country in order to increase access to decent, quality, and affordable housing for all Nigerians. The Punch said that the statement was made by the Minister of Housing and Urban Development, Ahmed Dangiwa, as Taraba State Governor Agbu Kefas paid a courtesy visit to […]

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SBM Intelligence ranks Nigeria stable

A research and risk consulting firm, SBM Intelligence, has rated Nigeria as “stable” in its most recent “Africa Country Instability Risk Index,” which evaluates political stability concerns in 47 sub-Saharan African countries. The Punch reported that based on the total score of the macro indicators, it was claimed that Nigeria was rated as “stable”. The research examines […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira falls further, trades at 1,190/dollar

The naira has continued to decline as the dollar’s shortage gets worse and started trading at 1,175/$ and ended the day at 1,190/$ in the parallel market. The Punch reported that the naira had previously traded at 1,100/$ on the black market two weeks earlier. According to data received from the FMDQ, it sold at 808.28/$ at […]

Vivajets releases guide on fractional aircraft ownership
Business

Vivajets releases guide on fractional aircraft ownership

Vivajets, an African corporate aviation startup, unveiled a suite of products at an international convention in Lagos. According to The Punch, the company has published a tutorial on fractional aircraft ownership, a unique service that allows users to own a portion of an aircraft. As Africa developed due to a rise in population, creativity, and […]

Tech, models will boost SMEs growth - Report
Business

Tech, models will boost SMEs growth – Report

Technological improvements, platform-based alternative models, and reverse factoring solutions have the ability to give a lifeline for micro and small business enterprises in Nigeria and other developing markets. According to a research study conducted by Stears, a macro insights and analytics provider in collaboration with Fiducia, a digital supply chain finance platform, this would promote […]

BIC advocates adequate compensation for teachers
Business

BIC advocates adequate compensation for teachers

BIC Manufacturing Corporation has asked the government to encourage teaching by paying teachers fairly for their services to society. According to The Punch, the company said that every profession is important for the growth and success of society, but the teaching profession serves as the cornerstone for all others. “Buttressing this fact is a conspicuous […]

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