Dangote to transport refined products by sea — Official
The Dangote Group announced plans to transport refined petroleum products by sea. This was disclosed in a statement on Sunday by the by the Senior Adviser to the Group President,…
40% of Nigerians now enjoy 20 hours of daily electricity – Minister
The Minister of Power, Adebayo Adelabu, has announced that more than 40% of Nigerians are now enjoying over 20 hours of electricity daily, highlighting notable progress in the country's power…
Lokpobiri reveals Wike’s pivotal role in his appointment as minister
The Minister of State for Petroleum Resources, Heineken Lokpobiri has shared insights into the role played by the Minister of Federal Capital Territory, Nyesom Wike, in his appointment, highlighting Wike’s…
NDIC adopts NIBSS for payments to Heritage Bank insured depositors
The Nigeria Deposit Insurance Corporation has announced the adoption of the Nigeria Inter-Bank Settlement System for processing payments to insured depositors of the defunct Heritage Bank. This decision comes in…
FG allocates over N29bn in September for infrastructure development
The Federal Government disbursed over N29 billion in September aimed at enhancing road networks and improving water resources, as facilitated by the Federal Ministry of Works. This information was sourced…
Lagos poultry association demands diversification to ensure food security
The Poultry Association of Nigeria, Lagos State has urged for diversification and efficiency measures to address ongoing challenges in the poultry sector that threaten food security and sustainability. The PANLAG…
FAAC deducts N622.75m over 15 months for anchor borrowers
The Federation Allocation Accounts Committee has deducted a total of N622.75 million over the past 15 months to repay loans disbursed to farmers under the Anchor Borrowers Programme. The CBN…
NNPCL mulls 3mbpd crude oil production
The Nigerian National Petroleum Company Limited has expressed confidence in its ability to boost crude oil production from 1.7 million barrels per day to three million. This was disclosed by…
Presidential committee test tax harmonisation reform in FCT
The Presidential Fiscal Policy and Tax Reform Committee has unveiled plans to initiate tax harmonization in Nigeria, starting with the Federal Capital Territory as a pilot. This effort aims to…
British man nabbed for ‘sophisticated’ hacking, insider trading
A British man, Robert Westbrook, 39, of London, has been arrested and charged by U.S. authorities for allegedly hacking into the computers of five companies to obtain sensitive earnings information.…
Apple withdraws from OpenAI funding round
Apple has exited negotiations to participate in an OpenAI funding round expected to raise approximately $6.5 billion, according to a report from the Wall Street Journal on Friday. The tech…
September 28, 2024
The founder of Binance, Changpeng Zhao has been released after serving a four-month sentence in a California correctional facility. He faced charges related to regulatory breaches, specifically for failing to…
