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Nvidia CEO rejects claims AI could wipe out

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NHIA refunds N14.2m to enrollees, suspends nine healthcare

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GSMA urges governments to open upper 6GHz for

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Dangote acquires 4,000 equipment for refinery expansion

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Nvidia CEO rejects claims AI could wipe out humanity

Business

FG begins paying ₦1.1bn exit benefits to 175 retirees

Finance

Naira holds near ₦1,330/$ in early Monday trading

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NGX investors gain ₦4.57trn as market rebounds sharply

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Banking

Mobile bank transfers hit N19.4 trillion in 2022

The Nigeria Inter-Bank Settlement System has revealed that in 2022, Nigerian bank clients sent a combined total of N19.4 trillion in mobile money transfers. According to Nairametrics, the N8 trillion in 2022 represents an increase of 142% over the previous year. The number of mobile inter-scheme transactions increased by 151% between 2021 and 2022, from […]

NPA records N501bn revenue in 2023
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How Nigeria’s non-oil exports hit $4.8bn 2022 – NEPC

Nigeria’s non-oil exports increased by 39.91% to $4.820 billion in 2022. Semi-processed and manufactured goods accounted for 36.61% of exports, exceeding agriculture’s total of non-oil exports of 30.12%. This information was provided on Friday in Abuja during a presentation of the non-oil export performance for the year 2022 by the Executive Director/CEO of the Nigerian […]

Business

NNPC to begin oil drilling in Nasarawa

The Group Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari, has announced that official oil drilling in Keana, Nasarawa State will begin from March 2023.   The NNPC group CEO disclosed this on Friday during an official visit by the Nasarawa State Governor, Abdullahi Sule, to the NNPC office in Abuja, according […]

Ondo court orders CBN to freeze Polaris bank account
News

Ondo court orders CBN to freeze Polaris bank account

The Central Bank of Nigeria has been directed by an Ondo High Court to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84k. According to the Nation, the verdict was delivered by the presiding judge, Justice Adebusoye, in an application filed by Ondo Attorney General and Commissioner for Justice, Sir Charles Titiloye. […]

E-payment transaction hits N387trn in 2022 –NIBSS
Economy

E-payment transaction hits N387trn in 2022 –NIBSS

  Findings have revealed that Electronic payment transactions in Nigeria rose to N387 trillion in 2022. According to Nairametrics, this was obtained from the data released by the Nigeria Inter-Bank Settlement System. It was gathered that the value recorded on the NIBSS Instant Payment represents a 42% increase over the N272 trillion recorded in 2021. […]

FG target Spanish investors for seven oil blocs
Investment

FG target Spanish investors for seven oil blocs

  The Federal Government of Nigeria on Thursday reached out to Spanish investors in an effort to entice them to participate in Nigeria’s 2022 deep offshore mini-bid round. According to The PUNCH, the government also announced that Spain would provide Nigeria with support in the area of oil and gas sector security. During a meeting […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Policy and Regulations

NASS sends Business Facilitation Bill to Buhari

Following the passage of the Business Facilitation Bill 2022 by the National Assembly, the Clerk has transmitted the bill to the President, Major General Muhammadu Buhari (Ret’d.), for approval.   The Special Adviser to the President on Ease of Doing Business/PEBEC Secretary, Dr. Jumoke Oduwole, said this on a statement on Thursday, according to Vanguard. […]

UAE oil chief named COP28 climate talks president
Oil and Gas

UAE oil chief named COP28 climate talks president

Agency Report The head of the United Arab Emirates’ national oil company was named Thursday as president of this year’s COP28 climate talks, prompting fierce criticism from environmental activists. Sultan Ahmed al-Jaber, who heads up the UAE’s Abu Dhabi National Oil Company (ADNOC), will be the first CEO to take the role at the UN […]

Business

Next: Obi breaks silence on UK company liquidation

The presidential candidate of the Labour Party, Peter Obi, has set the record straight on the circumstances surrounding the liquidation of one of his companies, Next International (UK) Ltd.   Obi made his reactions known in a statement signed and issued by the head Obi-Datti Media Office, Diran Onifade, on Wednesday, dismissing speculations that the […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

Why fuel scarcity may last until June 2023

Nigerian oil marketers have indicated that the current challenges with the distribution of Premium Motor Spirit, also known as petrol, may last until June of 2023. The Nigeria’s downstream oil sector, have witnessed a worrisome trend of fuel scarcity since 2022. Nigerian National Petroleum Company Limited, the country’s sole importer, has frequently lamented the heavy […]

Economy

Kerosene price rose by 146% one year – Report

In one year, the price of domestic Kerosene, often known as cooking kerosene, increased by more than 100 per cent, the Nigerian Bureau of Statistics has revealed. A report for November indicated that the average retail price of kerosene per litre increased by almost 146% from N441 per litre in November 2021 to N1,083 per […]

News

Ondo NSCDC recovers 163,000 litres of adulterated petroleum products

The Ondo State Command of the Nigeria Security and Civil Defence Corps, said a total of 163,000 litres of adulterated petroleum products were seized in 2022.   BusinessDay reported that the commandant of the corps, Olayinka Olatundun revealed this on Wednesday while speaking with newsmen on their operational scorecard for the year 2022 at the […]

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