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NNPC, First E&P provide free healthcare in host communities
News

How NNPCL spent N4.8trn operating state-owned refineries 10 years

Operating state-owned refineries cost the Nigerian National Petroleum Company Limited N4.8 trillion between 2010 and 2020. Nairametrics reported that the Federal House of Representatives said that since 2010, the Port Harcourt, Warri, and Kaduna refineries’ output has not surpassed 30%. Although the House of Representatives report claimed that the refineries had been idle for years, […]

SEC grants NASD approval to launch digital securities platform
News

SEC, SON partner to develop standards for commodities

The Standards Organisation of Nigeria and the Securities and Exchange Commission are working together to create standards for commodities. According to The Times, in an effort to boost the economy, create jobs for Nigerians, and give the country foreign exchange, the director general of the SEC, Mr. Lamido Yuguda, noted that Nigeria had a variety of commodities that may be […]

VFD Group Plc gets approval to list shares
News

VFD Group reveals intention to list on NGX

VFD Group Plc has announced its intention to list on the Nigerian Exchange Group. According to Nairametrics, the company will be able to strengthen its financial situation, increase its visibility, and obtain access to the public equity markets thanks to this strategic decision. VFD Group Plc is a leading proprietary investment company that has a […]

Why Nigeria's box office revenue dropped to N514.7m - CEAN
Business

Why Nigeria’s box office revenue dropped to N514.7m – CEAN

The Cinema Exhibitors Association of Nigeria has reported that ticket sales brought in N514.7 million in May, which is down N52 million from April. According to Nairametrics, the drop was attributed to issues such as naira scarcity, the cash crunch, bad network service, and a lack of movie releases during the election period. However, the National Chairman of CEAN, Mr. […]

Why Nigerian insurance is one of the lowest globally - CPPE
Uncategorized

How FG can address macroeconomic concerns – CPPE

The CEO of the Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf has predicted that if macroeconomic issues are addressed correctly, it will have a major medium and long-term influence on the stability of the macroeconomic climate. According to Nairametrics, he noted that: “There will be many chances for SMEs, medium-sized businesses, large […]

X to introduce video calls for verified users - Report
News

Linda Yaccarino assumes duty as Twitter CEO

About a month after Elon Musk selected Linda Yaccarino as the new CEO of Twitter, Yaccarino tweeted late on Monday that she had started working for the social media business. According to Reuters, she tweeted: “It happened – first day in the books!” without providing any specifics. At a time when Twitter has been attempting to reverse […]

Russia-sponsored hackers attack Microsoft systems again - Company
News

US fines Microsoft $20m over child data privacy

Officials have stated that Microsoft would pay $20 million to resolve government claims that it unlawfully obtained personal data from children. who signed up on its Xbox video game console. The Punch reported that according to the Federal Trade Commission, between 2015 and 2020, Microsoft allegedly acquired and stored personal information from children under the age […]

Reps summon NEPC MD over $1.67bn crude oil revenue loss
News

Reps summon NEPC MD over $1.67bn crude oil revenue loss

The managing director of the Nigeria Export Promotion Council has been called in by the House of Representatives ad hoc committee looking into the alleged loss of crude oil income due to unremitted 1.67 billion dollars. According to Vanguard, the committee is looking into claims that unlawful sales of 48 million barrels of crude oil from […]

PwC Australia names staff responsible for tax plan leak
News

PwC Australia names staff responsible for tax plan leak

PricewaterhouseCoopers Australia has listed at least 67 current and former employees involved in the leak of classified government tax plans in an unpublished letter to legislators ahead of parliamentary hearings later this week. Aljazeera reported that one of the “big four” audit and advisory firms in the world, PwC, is battling to contain the fallout […]

Five things you ought to know about venture capital
Business

Five things you ought to know about venture capital

Venture capital has become a driving force behind innovation, fueling the growth of startups and emerging businesses. This dynamic form of financing has played a pivotal role in shaping the technology landscape and transforming industries. In venture capital, wealthy individuals or firms, invest a certain amount of money (capital which is also known as venture) […]

Oil prices surge as Saudi Arabia prepares to cut output
Oil and Gas

Oil prices surge as Saudi Arabia prepares to cut output

Saudi Arabia has announced a significant cut of one million barrels per day in its July production. The decision by the leading oil-producing nation, supported by other OPEC+ members, aims to bolster the floundering prices and restore stability to the market. OPEC+ comprises a coalition of oil-producing countries that collectively account for approximately 40% of […]

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