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Spider-Man makes ₦120.4m, sets new Nigerian box office preview

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NNPCL fuel subsidy gains not fully remitted - World Bank
News

Subsidy removal: Nigerias inflation to rise 25%, World Bank predicts

The World Bank predicts that the removal of petrol subsidies will cause inflation to reach up to 25% by 2023. Nevertheless, the Washington-based bank highlighted that even though there would be a considerable increase in 2023, headline inflation will decline by the first quarter of 2024. This projection was included in the Nigeria Development Update for […]

News

NIMASA denies online employment scheme

By Wilson Adekumola   The Nigerian Maritime Administration and Safety Agency has disassociated itself from fraudulent online publications and posts on various social media platforms, advertising employment scheme, warning unsuspecting public not to fall victims to such baseless and false schemes in the guise of employment opportunity.   NIMASA management made this disclosure in a […]

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss
News

NERC yet to give directive on electricity tariff hike – IBEDC

  By Wilson Adekumola The Ibadan Electricity Distribution Company has disclosed that Nigerian Electricity Regulation Commission has not given a directive on the new electricity tariff earlier scheduled to commence on July 1. The Public Relations Officer of IBEDC, Ms Busolami Tunwase, made this disclosure while speaking with the News Agency of Nigeria in Ibadan […]

Railway debt servicing gulped $63m in Q1- DMO
News

Railway debt servicing gulped $63m in Q1- DMO

          The Debt Management Office’s report on Nigeria’s external debt service payments, has revealed that the Federal Government allocated $62.66 million towards servicing railway-related debts in the first quarter of 2023. From January to March 2023, the Nigeria Railway Modernisation Project (specifically the Idu-Kaduna Section) incurred a cost of $23.1 million. […]

Elon Musk sues law firm over Twitter buyout charges
News

BREAKING: Musk announces new restrictions, limits to Twitter accounts

Twitter owner, Elon Musk, has announced new restrictions for users on the social media platform after thousands noticed their personal feeds were not refreshing.   Many logging on were met with a message that read “Rate limit exceeded”.   While some have specilated that the platform was experiencing a technical glitch, the Twitter boss has […]

Marketers predict more fuel queues due to pipeline vandalism
News

Petrol price crashes at private depots due to low demand

Private depots have reportedly crashed the price of Premium Motor Spirit, aka. petrol, to between N495 and N496 per litre from N502 to N503/litre.   The development came amid rumour that the prices of petrol may soar in July owing to the recently devalued exchange rate and cost of importation by private depots, although, the […]

Apple explores using 3D printers to create smartwatches
Business

Apple’s market value hits $3tn

A $3 trillion market value was achieved by the US-based global technology corporation Apple on Friday. According to CBS, shares of the 47-year-old technology company ended the day up 2.3% at $193.97, bringing its total market worth to $3.04 trillion. Apple is the only company in recent times to accomplish that achievement even though Apple […]

IPMAN threatens strike over Soludo's taxation
Oil and Gas

IPMAN debunks plan to raise petrol price to N700/litre

The Independent Petroleum Marketers Association of Nigeria has refuted the association’s purported proposal to raise the pump price of Premium Motor Spirit, better known as petrol, to N700 per litre nationwide. According to the News Agency of Nigeria, this was disclosed by the Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen in an interview with the News […]

Focus on agriculture in fight against poverty - Agric expert tells Tinubu
Agribusiness

Focus on agriculture in fight against poverty – Agric expert tells Tinubu

A specialist in animal breeding and genetics as well as agricultural business, Dr. Olaiwola Ogunpaimo, has urged President Bola Tinubu to prioritize agriculture, particularly crop and livestock production, fisheries, and forestry in order to lower the unemployment and poverty rates in Nigeria. According to Vanguard, Ogunpaimo emphasized the need for significant investments in the agriculture sector […]

Google's first West Africa Director, Juliet Ehimuan, resigns
News

Google’s first West Africa Director, Juliet Ehimuan, resigns

Google’s first director for West Africa, Dr. Juliet Ehimuan, has announced her retirement from the firm. She made this announcement on LinkedIn on Friday, where she also stated her desire to pursue a wider position within the local IT scene. Dr. Ehimuan previously held the position of Country Director for Nigeria at Google before being appointed to the position […]

Opinion

Palliative won’t solve fuel price hike – Truck drivers

The National President of the Heavy-Duty Truck Drivers Association, Uche Nebuwa, has said there will be no remedy to the hike in the pump price of fuel caused by subsidy removal unless old refineries are repaired.   Nebuwa also condemned the proposed palliatives by President Bola Tinubu to lessen the suffering of the masses.   […]

Reps reject 178bn NPA bad debt petition
Ports and Airports

NPA to sell abandoned containers, relieve port congestion

The Nigerian Ports Authority has declared its plan to put containers that have stayed longer than necessary at the ports up for auction in an effort to reduce congestion and free up valuable space at Nigeria’s ports. According to Nairametrics, General Manager, Corporate and Strategic Communications, Mrs. Josephine Moltok, Nigerian Ports Authority, Lagos, said this in […]

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