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Nigeria has best return on investments, Tinubu tells Indian investors
News

Tinubu signs data protection Bill

President Bola Ahmed Tinubu has signed the Nigeria Data Protection Bill, 2023 into law.   The Nigeria Data Protection Act, 2023 provides a legal framework for the protection of personal information, and the practice of data protection in Nigeria.   The News Agency of Nigeria reported that this was disclosed by the National Commissioner, Nigeria […]

Why importers abandon cargoes in Nigerian ports
Ports and Airports

NPA to receive transit cargo at Lekki port

The Nigerian Ports Authority, NPA, has commissioned two tug boats in advance of the anticipated transit cargo from a yet unnamed country in an effort to continue its efforts to lure transit cargoes from landlocked countries. Vanguard reported that according to NPA’s managing director, Mr. Mohammed Bello-Koko, who made the announcement in Lagos, the transit cargoes […]

Only four Nigeria states attract foreign investment in Q4 - Report
News

Nigeria company tax Q1 2023 hits N469bn – NBS

The National Bureau of Statistics has reported the country’s total Company Income Tax for the first quarter of 2023 to be N469.01 billion. The information was revealed in the NBS Company Income Tax Q1 2023 report which was made public on Wednesday in Abuja. In comparison to the N753.88bn reported in Q4 2022, the data displays a growth […]

OPEC+ weighs 2027 production baselines, potential hike
featured News

Nigeria ousts Angola as Africa’s top oil-producing country – OPEC

Nigeria is now Africa’s top oil producer, surpassing Angola, whose output was at 1.1 mb/d, while Equatorial Guinea is now the continent’s lowest producer with 56,000 bpd. According to Vanguard, Nigeria’s oil production, excluding condensate, climbed by 15.6% to 1.3 million barrels per day, in May 2023 from 1.1 mb/d reported in the previous month of […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

Govs make mockery of minimum wage — NLC

By Wilson Adekumola   The Nigeria Labour Congress, has disclosed that governors have made a mockery of what a national minimum wage should be in Nigeria by reducing it to their own definition of what they are willing to pay workers. The NLC General-Secretary, Emma Ugboja made this disclosure while speaking in an interview on […]

Rail transport passengers drop by 53% - NBS
Transportation

Rail transport passengers drop by 53% – NBS

The Rail Transportation Data report published by the Nigerian Bureau of Statistics has revealed that the number of passengers using rail transportation in Nigeria decreased significantly in the first quarter of 2023 by 53.65%, falling from 953,099 in Q4 2022 to 441,725 in the most recent quarter. The data also showed a significant drop in […]

Stock market soars after Emefiele's suspension - Report
News

Stock market soars after Emefiele’s suspension – Report

The Nigerian stock market reached unprecedented heights on Tuesday, catapulting to its highest level since July 2008. This surge comes on the heels of the suspension of Central Bank Governor, Godwin Emefiele, as investors are placing their bets on a potential currency devaluation. The main index of the Nigerian Exchange soared above 57,437 points, in […]

NIS restores Seplat CEO Roger Brown's immigration documents
Uncategorized

NIS restores Seplat CEO Roger Brown’s immigration documents

The Nigeria Immigration Service and the Ministry of Interior have stated that Seplat Energy’s Chief Executive Officer, Mr. Roger Brown,’s immigration documents have been restored. The company further stated that after the documents were restored, Mr. Brown was reinstated in his position as the company’s CEO. This was revealed in the company’s notice to the Nigerian Exchange Limited. The […]

Nigeria's Vincent Olatunji joins Forbes Technology Council
Appointments

Nigeria’s Vincent Olatunji joins Forbes Technology Council

The National Commissioner of the Nigerian Data Protection Bureau, Dr. Vincent Olatunji, has been appointed to the Forbes Technology Council for 2023. Nairametrics reported that the founder of the Forbes Council, Scott Gerber, announced the appointment and expressed the Council’s excitement to have Dr. Olatunji onboard. The goal of Forbes Councils, he emphasized, is “to […]

Why China plans to raise international student fees - Report
News

Why China plans to raise international student fees – Report

The Chinese government has plans to boost international student costs in China to match those of well-known study-abroad countries like the US and UK, according to reports. Nairametrics reported that President Xi recently emphasized the necessity for increased investment in China’s higher education system, which is why he made this suggestion. The Beijing Institute of […]

Air Peace accuses ex-aviation minister Sirika of 'blatant lies'
Aviation

Air Peace accuses ex-aviation minister Sirika of ‘blatant lies’

Air Peace’s chief operating officer, Toyin Olajide, has revealed that the former aviation minister, Hadi Sirika, lied about some of the assertions he made on Air Peace during his Sunday Interview with Arise TV. While praising Ethiopian Airlines, Sirika claimed that Air Peace had leased “two” Boeing 777 aircraft for a monthly lease fee of $250,000. The planes […]

Why Buhari regime launched Nigeria Air with Ethiopian plane - MD
Aviation

Nigeria Air has no shareholder – Airline operators

The Airline Operators of Nigeria has revealed that Nigeria Air has no single shareholder in its records at the Corporate Affairs Commission.   The agency’s spokesman, Prof. Obiora Okonkwo, made this known on Monday while speaking on Arise TV.   Data from the National Bureau of Statistics and annual budgetary figures indicate that about N85 […]

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