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Over 90% of informal workers abandon personal pension plan

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How Nigeria’s refineries lost 218 workers, N69bn
Oil and Gas

How Nigeria’s refineries lost 218 workers, N69bn

  Data from the financial statements of Nigeria’s refineries, newly provided by the Nigerian National Petroleum Company Limited, showed that the number of employees dropped by 218 within a year, while the facilities registered a cumulative comprehensive loss of N69.03bn over the review period. The Nigerian National Petroleum Corporation runs Nigeria’s three refineries: the Kaduna […]

100% cashless economy possible in Nigeria - Emefiele
News

Analysts kick as CBN loans to FG hit N22tn

A recent report has revealed that the Federal Government is owing the Central Bank of Nigeria the sum of twenty-two trillion naira, leaving analysts fuming. According to The PUNCH, FG, in August 2022, borrowed N1.46tn from the Central Bank of Nigeria through Ways and Means Advances, raising its debt to the Apex bank from N20.61tn […]

Flood: Gas scarcity looms as NLNG stops operations
Oil and Gas

Gas price hike imminent as forex scarcity persist

Owing to the lingering scarcity of dollars in the country, there are speculations that Nigerians might have to pay more for gas. According to The PUNCH, National Operations Controller, the Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi said independent importers were obtaining dollars from the illegal market, thus the price of gasoline would […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

NNPC, IPMAN address fuel scarcity

  The Nigerian National Petroleum Company and the Independent Petroleum Marketers Association of Nigeria have allayed the fears of Nigerians over possible fuel scarcity in some parts of the country. The PUNCH reported that the scarcity of PMS worsened on Thursday in Abuja, as the Federal Government attributed the development to flooded roads in Kogi […]

Airtel Africa begins $100m share buy-back
Telecommunications

How Airtel Africa lost ₦752bn in one week

Airtel Africa Plc lost ₦752 billion at the end of the week’s trading to rank top loser of the week after sustained stock sustained sell pressure. Nairametrics reported that the telecoms company’s stock dropped by 10% to N1,800 per share, from N2000, which was the opening figure for the trading week. According to Nairametrics, Airtel […]

Obajana cement plant properly acquired- Dangote
News

Obajana plant: Kogi, Dangote continue dispute over ownership

The Kogi State Government and Dangote Cement Plc continue to press their claims for ownership of the Obajan cement plant in Kogi State, resulting in a worsening dispute. Dangote management has threatened legal action in response to the recent invasion of the plant and the shooting of its employees by armed vigilantes acting on government […]

  • enitan
  • 8th October 2022
  • 4 Comments
  • 268 Views
Air France, Airbus face trial over 2009 crash
Aviation

Air France, Airbus face trial over 2009 crash

Air France and aircraft maker Airbus go on trial in Paris on Monday on charges of involuntary manslaughter in the 2009 crash of a flight from Brazil, killing all 228 people aboard. The case focuses on alleged insufficient pilot training and a defective speed monitoring probe, which was quickly replaced on planes worldwide in the […]

  • enitan
  • 8th October 2022
  • 2 Comments
  • 394 Views
Chinese loan delaying Port-Harcourt-Maiduguri rail projects - FG
News

Chinese loan delaying Port-Harcourt-Maiduguri rail projects – FG

The Minister of Transportation, Mua’zu Sambo said the delay in securing Chinese loans hurts the Abuja-Kano and Port-Harcourt-Maiduguri rail projects. According to The News Agency of Nigeria, Sambo who said this at a press briefing on Friday added that 85 per cent of the funds required to complete the project will be funded by Chinese […]

Why Ethiopia halted visa-on-arrival for Nigerians - FG
Aviation Uncategorized

Why Ethiopia halted visa-on-arrival for Nigerians – FG

The Nigerian government said that Ethiopia stopped allowing Nigerians to enter under its “visa on arrival” policy because of security concerns, an escalating political climate brought on by the Tigray War, and other factors. This was revealed in a statement released on Thursday by the Nigerian Ministry of Foreign Affairs. They further stated that, in […]

Clearing agents have warned that the Federal Government will lose more revenue from the implementation of its Vehicle Identification Number policy if refused to intervene.
News

VIN implementation: ‘FG’ll lose more revenue without intervention’

Clearing agents have warned that the Federal Government will lose more revenue from the implementation of its Vehicle Identification Number policy if refused to intervene. Less than a year after the introduction of the VIN policy by the Nigeria Customs Service introduced the Vehicle Identification Number, some agents operating in the nation’s maritime sector have […]

Kogi sues Dangote over Obajana ownership
Business News

Dangote, MAN kick as Kogi claims Obajana plant

  The Kogi State Government has stated that it will be willing to negotiate once Dangote Group admits that it doesn’t own the Obajana cement facility. According to The PUNCH, Governor Yahaya Bello said this on Thursday while presenting paperwork to support the state’s ownership claim to the plant. These papers are from the report […]

Tony Elumelu Foundation to support female farmers
News Uncategorized

Tony Elumelu Foundation to support female farmers

The Tony Elumelu Foundation has pledged to assist female farmers in Nigeria, particularly those in rural areas. Somachi Chris-Asokula, TEF’s Director of Partnerships and Communications, stated this at a private sector meeting in Lagos on Wednesday organised by the International Federation of Red Cross and Red Crescent Societies in collaboration with the Nigerian Red Cross […]

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