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How oil spills decreased 73% in Dec 2022 - Report
Oil and Gas

How oil spills decreased 73% in Dec 2022 – Report

Recent government data has shown that oil spills brought on by theft and sabotage decreased by 73 percent between August and December 2022, a result observers say indicates the effectiveness of sector reforms. Oil businesses in the nation reported 22 occurrences of spills in December 2022, the fewest since 83 cases were recorded in August, […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

National Economic Council okays Nigeria Agenda 2050

The National Economic Council, initiated to offer economic advise to the President, has endorsed the Nigeria Agenda 2050, on Thursday, in Abuja. The 2050 agenda is target at increasing real Gross Domestic Product growth by seven percent. It also aims at creating 165 million employment and reducing the number of people living in poverty from […]

A photo of the governor of Kano State, Dr Abdullahi Gandjue
Business

Reject old naira notes, be sanctioned, Ganduje warns businesses

The Governor of Kano State, Abdullahi Ganduje has said that banks and businesses rejecting the old naira notes will face sanctions. Am Business reported that the Supreme Court gave a ruling order that has constrained the Central Bank of Nigeria from implementing the extended deadline of February 10 because of the naira crunch. Ganduje cited […]

Adamu Garba
Business

New naira: CBN owes Nigerians explanation, says Adamu Garba

The former Senator of the Federal Republic of Nigeria, Adamu Garba has said that the Central Bank of Nigeria owes Nigerians an explanation and apology over the adverse impact of its naira policy. This was during his live appearance on The 2023 Verdict of Channels Television. This publication recalls that the CBN extended the deadline […]

Bismarck Rewane
Business

CBN policy may cost $18bn GDP loss monthly – Rewane 

The chief executive officer of Financial Derivatives Company, Bismarck Rewane, has said that the Central Bank of Nigeria’s policy on the currency swap would cost Nigeria a Gross Domestic Product loss of $18 million monthly. According to him, Nigeria may experience a total man hour loss of five days per month owing to the disruption […]

Ministry nears complete review on Abuja estate linked to Emefiele
News

Old naira: Feb 10 deadline stands, says Emefiele

    The Governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the February 10 deadline for the old naira stands. According to Daily Trust, he stated this while briefing the diplomatic community at the Ministry of Foreign Affairs in Abuja on Tuesday. “The situation is substantially calming down since the commencement […]

T-mobile logo
Business

Valentine: Users fume as T-Mobile reports outage

One of the largest wireless carriers in the United States, T-Mobile, reported outages in the late hours of Monday over the disruption that affected some cellular services. T-mobile has said it was working on resolving the issues that had caused instability with its messaging, voice, and data services. Downdetector, which provides real-time information about websites, […]

Petrol pump
Business

Oil prices decline as U.S opens reserve 

PThe United State government expressed a decline  in oil price on Tuesday after it said it would provide more from its Strategic Petroleum Reserve. This contradicted the expectations of some traders as they presumed it may be delayed or cancelled. The decision of the US government was mandated by lawmakers. SPR was implemented by the […]

President, Major General Muhammadu Buhari (retd.) Signing a document
Business

Buhari signs business facilitation bill, five others

BuharThe President, Major General Muhammadu Buhari (retd.), has given assent to the Business Facilitation (Miscellaneous Provisions) Bill 2022 enacted by the National Assembly. This consent was given in furtherance of Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria. To ensure the ease of doing business in Nigeria, the President sent […]

Red rose flowers arranged in love shape
featured

Valentine: Mixed reactions as naira scarcity hits lover’s day

As Valentine’s Day 2023 draws near, some Nigerians have given mixed reactions about how much they are willing to spend owing to the recent naira scarcity in the country. Over the years, the lovers’ day has been dedicated to showing love and affection to partners, friends, and family show of love will take certain amounts […]

Logo of Guarantee Trust Bank
Business

Naira crisis: GTB customers lament transfer, debit error

Customers of one of the leading African banks, Guaranty Trust Bank, have been lamenting on social media after series of transfer failures and debit errors. AMBusiness reports that many of the bank’s customers expressed their frustration by flooding Twitter with many complaints tagged to the official Twitter page of GTB. This publication recalls that the […]

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