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International Labour organization
Business

ILO to partner Nigeria on trade test certifications 

International Labour organization plans to engage the Nigerian government, workers’ unions, and social partners to address the issue of migrants obtaining trade test certifications, enabling them to secure jobs with ease when travelling abroad. According to The Punch, the ILO Project Coordinator, Celestine Okeke, made this known during a communication and visibility programme in Lagos […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Business

FG to introduce 13 more oil sector regulations 

The upstream sector of the oil and gas industry can expect 13 new regulations from the Federal Government in the next few weeks. According to The Punch, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, made this announcement on Tuesday during the Nigerian International Energy Summit in Abuja. In addition […]

A gas plant
Business

NMDPRA urges businesses to adopt gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is urging businesses to consider opportunities in the gas value chain to prevent future uncertainties regarding diesel supply and other challenges. According to The Punch, this was shared on Tuesday by the authority’s Chief Executive, Farouk Ahmed, during the ‘South-West Stakeholders Engagement on Gas Utilisation in Nigeria’ […]

Business

NGX regains as investors hit N2bn

The Nigerian Exchange Limited saw an increase on Tuesday, as investors gained N2 billion. At the end of trading, the All-Share Index rose by 11.54 base points to 51, 138.92, resulting in a slight increase in year-to-date returns to 0.22 per cent, The Punch reported. Trade turnover strengthened compared to the previous session, as the […]

A young lady with a traveling box heading to a BluSmart ride
Business

Indian startup BluSmart challenges Uber, Ola, entices passengers with electric taxis

An Indian ride-hailing startup, BluSmart is challenging dominant players Uber and Ola by offering an all-electric taxi fleet and enticing dissatisfied customers and drivers away from its competitors. According to Reuters, the Indian government’s push towards clean energy is expected to significantly impact the transport industry, and ride-hailing firms are likely to struggle with driver […]

Fuel scarcity eases gradually after five months
Business

Fuel subsidy removal will reduce Nigeria’s debt, corruption – LCCI

The Lagos Chamber of Commerce and Industry believes that eliminating fuel subsidy by the Federal Government is one of the best economic moves that will decrease Nigeria’s debts and address corruption in the oil industry. According to The Punch, the President of LCCI, Dr. Michael Olawale-Cole, made this statement during the chamber’s second-quarter state of […]

NOVA Merchant Bank doubles earnings in 2022 - Report
Banking

NOVA Merchant Bank doubles earnings in 2022 – Report

NOVA Merchant Bank Limited has released its audited full-year 2022 financial results, with an impressive 107.9% year-over-year increase in profit before tax and a 98.2% group-year-over-year increase in profit before tax. Due to the innovative services and top-notch customer service, both funded and unfunded income greatly increased. Notably, the Group keeps expanding its market share, […]

Chinese economy grows beyond predictions - Report
Economy

Chinese economy grows beyond predictions – Report

After the end of the pandemic curbs, recent economic figures indicate that China, the second-largest economy in the world is definitely on a recovery route. According to Aljazeera, in the first quarter of 2023, China’s economy expanded by 4.5 percent year over year, indicating that the country’s rebound from Beijing’s rigorous “zero-COVID” measures has begun. The […]

AMCON’s new DG will improve debt recovery, says commentator
Business

AMCON seizes Glano’s property over N2bn debt

The Asset Management Corporation of Nigeria has seized assets belonging to Glano Nigeria Limited, which was in debt for over N2 billion. The takeover was disclosed on Monday by the director of AMCON’s corporate communications, Jude Nwauzor, in a statement he made. He disclosed that the takeover was carried out in accordance with Justice I. N. […]

NDDC reiterates dedication to stakeholders' collaboration
Business

NDDC charges PHCCIMA with human capital development

The Port Harcourt Chamber of Commerce, Industry, Mines, and Agriculture has been encouraged by the Niger Delta Development Commission to focus more on fostering human capital in the Niger Delta region. When a group from PHCCIMA paid her a courtesy visit at the Commission’s headquarters in Port Harcourt, the Chairman of the Governing Board of the […]

Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
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FG to raises civil servants’ salary by 40% April ending  

The Federal Government plans to commence payment of the anticipated increase in civil servants’ pay at the end of April. According to The Punch, final approval for disbursement is expected to be given by President Muhammadu Buhari very soon. If the proposal is approved, the increase in pay will be implemented about two months before […]

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