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NUPRC to investigate pipeline explosion in Rivers
News

NUPRC to investigate pipeline explosion in Rivers

  By Christian George The Nigerian Upstream Petroleum Regulatory Commission is set to investigate the cause of pipeline explosion on Thursday in Emohua Local Government Area of Rivers State. In a statement by its Chief Executive Officer, Gbenga Komolafe on Friday in Abuja, he acknowledged the explosion and assured that the commission will investigate together […]

Zenith Bank's Q3 earnings hit N620.6bn
Business

Zenith Bank to begin operation as HoldingCo

Zenith Bank PLC has received approval in principle from the Central Bank of Nigeria to operate as a financial holding company. The Punch reported that Zenith Bank disclosed  plans to change its organisational structure in a statement signed by the Company Secretary, Michael Otu, on Friday to Nigerian Exchange Limited. With this modification, the organization […]

Court Symbol of Justice
Business

Mixed reactions as S’Court reverses Buhari, CBN new, old naira order

There have been mixed reactions from Nigerians as the Supreme Court of Nigeria on Friday declared the Federal Government’s cashless and Naira redesign policy invalid, declaring it as an affront to the 1999 Constitution. This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on […]

From left: chairman Kuje area Council, Daniel Ibrahim, Abaji, Yahya Garba, and AMAC, Micah Jiba at the money sharing event.
Business

How FCT area council, others split N3bn budget

Bisola David The N3 billion statutory allocation for the month of January has been distributed to the six Federal Capital Territory Local Councils and other stakeholders. According to the News Agency of Nigeria, when compared to the N3,786,194,845.78 billion shared in December 2022, the N3,015,446,815.55 billion amount indicates a 20.3% drop. The statement was made on Thursday in […]

Court Symbol of Justice
Business featured

BREAKING: Old N200, N500, N1000 valid till Dec 31- Supreme Court  

Juliet Buna The Supreme Court of Nigeria on Friday in Abuja nullified the Federal Government’s cashless and Naira redesign policy, declaring it as an affront to the 1999 Constitution. According to Dailypost, The Apex Court held that President Major General Muhammadu Buhari (retd), breached the Constitution of the Federation in the ways and manners he […]

Court Symbol of Justice
Business

New naira: Supreme Court passes verdict on Friday

Supreme Court is said to pass its verdict today (Friday) on a suit instituted by some state governments against the Federal Government on the Naira re-design and cashless policy. This publication recalls that the Supreme Court’s seven-man panel of Justices led by Justice John Inyang Okoro had on Wednesday, February 22 adjourned the case of […]

FBN Insurance targets 1m customers in one year
Business

First Bank to organise women mentorship program   

First Bank of Nigeria Limited has said it would organise the first women network, mentoring, coaching and sponsorship pillar webinar to commemorate the World Women’s Day. Stating its commitment to empowering women and promoting socio-economic inclusion, the initiative is to bridge the gender gaps and encourage women’s participation at all levels in the organisation. According […]

A building that has the logo of Walgreens Boots Alliance
Business

Top US pharmacy halts sale of abortion pills in 20 states

The nation’s second-largest pharmacy chain, Walgreens Boots Alliance, stated on Thursday that it will halt the sale of abortion pills owing to legal warnings, policy changes and anti-abortion activists’ pressure. POLITICO reported that about 20 Republican state attorneys general wrote to Walgreens in February, threatening legal action if the Pharmaceutical company starts distributing abortion drugs. […]

Domestic airfares increased by 95% in 12 months – NBS
Aviation

Domestic airfares increased by 95% in 12 months – NBS

that the average domestic airfare paid by passengers climbed by 94.78% during the previous 12 months. According to The PUNCH, this development occurred when several difficulties affecting the regional aviation industry were being reported. The NBS stated in a new study titled “Transport Fare Watch (January 2023)” that when compared month to month, airfares saw […]

United Nation's logo
Business

UN agency projects 50% increase in Africa’s e-commerce

The United Nations Economic Commission for Africa has said that Africa’s  e-commerce is projected to increase by 50 percent by 2025 The Punch reported that the Acting Executive Secretary, UNECA, Mr Antonio Pedro, disclosed this at the opening of the 9th Session of the Africa Regional Forum on Sustainable Development in Niamey, Niger. He added […]

Brazil's economy expanded by 2.9% in 2022 - Report
Economy

Brazil’s economy expanded by 2.9% in 2022 – Report

The largest economy in Latin America, Brazil has been reported to have seen a growth of 2.9% in 2022, according to information made public on Thursday by the Brazilian Institute of Statistics. The Guardian reports that according to revised data, the statistic came after the country’s GDP expanded by 5% in 2021, and includes a 0.2 percent contraction in the […]

Tight security as Buhari visits Maiduguri for power plant inauguration
Oil and Gas

Tight security as Buhari visits Maiduguri for power plant inauguration

Security measures have been beefed up at the Maiduguri Emergency Power Plant project site in Borno ahead of its inauguration by President Muhammadu Buhari. According to the News Agency of Nigeria, the president will officially open the 50-Megawatt gas-fired power plant on Thursday. It was developed by the federal government in partnership with the Borno […]