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Europe has ‘six weeks’ of jet fuel left

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UK confronts Meta, TikTok, Google, others over online safety

Business
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20million people at risk of food insecurity in Sub-Saharan

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Business featured

Adopt Naira transactions, oil marketers urge NIMASA, NPA

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency and the Nigerian Ports Authority to obey Federal Government’s directive on Naira transactions for ports charges. This is contained in a statement by Mahmood Tukur, Vice Chairman II, Depots and Petroleum Products Marketers Association of Nigeria on Sunday in a […]

Telecommunications

NIN: MTN, Airtel bar 9.7 million subscribers

The Mobile Telephone Network and Airtel have reportedly barred 9.7 million of their subscribers from making outgoing calls over their inability to link their National Identification Numbers to their Subscriber Identity Module. The telecommunication companies disclosed this in their recent earnings reports. The report stated that 16.2 million subscribers whose lines were barred had submitted […]

Appeal Court overturns Emefiele’s asset forfeiture order
Banking

Full list: Five laws guiding Nigeria’s banking activities

Recent research has shown the laws that guides, checks and balances the banking industry and their activities. The banking industry garnered approximately $15.7 billion in foreign investments over the course of the previous five years, according to a report by Nairalytics, the research division of Nairametrics. The Central Bank of Nigeria reported that between 2017 […]

Economy featured

Recession: Experts advocate effective fiscal-monetary policy

Some economists in the North-East have urged the Federal Government to formulate effective fiscal and monetary policies to prevent Nigeria from sliding into recession. The experts including academics and financial analysts said the measure was imperative for building a vibrant economy and sustaining the gains recorded in the agriculture sector which enabled the country to […]

FG budgets N8.68tn for agric, food imports - Report
Agribusiness Foods

Global food imports to hit $2trn- FAO

The United Nations Food and Agriculture Organisation says food import costs globally are projected to reach nearly two trillion dollars this year, or higher than previously expected. FAO, in a report published on Friday, stated that the new forecast of 1.94 trillion dollars would represent an all-time high and a 10 per cent increase over […]

Stock market
Business

Stock market closes week positive, indices up 0.06%

The domestic bourse ended the week on a positive note, as market capitalisation gained N14 billion or 0.06 per cent to close at N23.948 trillion from N23.934 trillion recorded the previous days. Also, the All-Share Index gained 25.93 points or 0.06 per cent to close at 43,968.75 points compared with 43,942.82 points recorded on Thursday. […]

Crypto News

Binance halts FTX acquisition deal

Binance has announced that it would not proceed with the plan of acquiring FTX. Recall that most cryptocurrencies experienced a decrease in the immediate aftermath. However, neither Sam Bankman-Fried nor FTX made any public announcements. Safe to mention that many people and publications have expressed their skepticism over whether Binance would actually follow through with […]

Aviation

FG to establish maintenance centre for aviation sector

The Federal Government is set to establish a Maintenance, Repair and Overhaul Centre through Public Private Partnership to reposition the aviation sector in the country.   The Minister of Aviation, Hadi Sirika, disclosed this in Abuja at the third edition of the “President Muhammadu Buhari’s Administration (PMB) Scorecard 2015-2023″ programme.   According to him, the […]

Aviation

FAAN reopens Lagos airport runway

The domestic runway (18L/36R) of the Murtala Muhammed Airport in Lagos was reopened on Thursday for flight services, four months after it was closed down by the Federal Airport Authority of Nigeria.   The runway was earlier closed to enable the installation of navigational facilities.   A Notice-To-Airmen from the Aeronautical Information Services of the […]

News

Anambra residents decry Soludo’s tax scheme

The governor of Anambra State, Prof. Chukwuma Soludo, has once more become the subject of intensive scrutiny following his tax schemes. There was commotion last Friday at Kings Planet International School as armed security personnel entered the building under the guise of demanding tax payment, Daily Post reported. Additionally, Awka food vendors have criticized the […]

Buhari
featured Investment

FG disburses N101bn from healthcare provision fund

The Federal Government has disbursed N101billion to 7,600 primary healthcare facilities from the Basic Healthcare Provision Fund. Secretary of the Ministerial Oversight committee for BHCPF in the Ministry of Health, Dr Chris Isokpunwu, made this known in Abuja at a two-day retreat organised by the Health Sector Reform Coalition in Abuja. The BHCPF was designed […]

Agribusiness

Agro-allied industry, way out of oil dependence- IPAN

The Institute of Public Analysts of Nigeria said the country needs to tackle issues preventing its agro-allied industry from growing in order to ensure that Nigeria’s economy is less-dependent on oil.   According to Punch, the Registrar, Aliyu Angara, disclosed this during the commemoration of the 30th anniversary of the institute and Mandatory Continuous Professional […]

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