How forex scarcity affects fresh petrol imports – Report
Oil marketers who have been licenced to import fuel are currently experiencing issues getting cash and thus, the prospect of new petrol importation into the country may have been crushed.…
Brent declines amid slow economy
US crude oil rose around 3% on Wednesday, closing the price gap with global benchmark Brent in a post-holiday reaction to production restrictions imposed by Saudi Arabia and Russia on…
Investors gain N441bn as stock market rebounds
The Nigerian equity market rebounded strongly on Wednesday, with investors gaining N441 billion at the end of the trading session. According to The PUNCH, the All-Share…
2023 Hajj: 4.25m people visit Prophet’s mosque in a week
A report released on Tuesday by the Agency for the Presidency of the Prophet's Mosque in Saudi Arabia, from June 25 to July 2, or Dhul Hijjah 7 to 14, shows…
Why Kano gov placed commissioners on six-month probation
The Governor of Kano State, Abba Kabir Yusuf, stipulated that the newly appointed commissioners must serve a six-month probationary term before beginning their official duties. Governor Yusuf stressed that his administration…
Nigeria’s telecoms investment hits $75.6bn – NCC
The Nigerian Communications Commission reported on Wednesday that as of 2021, the country's telecoms sector has received 75.6 billion dollars in both local and foreign investment. The News Agency of…
FG to recover N553bn unremitted petroleum shipping tax
The Nigerian government disclosed its plans to recover N553 billion of unpaid taxes from foreign oil shipping companies doing business in the country. The Federal Inland Revenue Service's Director of International…
Nigeria’s population growth rate hits estimated 3.2% – NPC
The National Population Commission has announced that the country's population growth rate is 3.2 percent, based on an estimated 216 million people. The News Agency of Nigeria stated that this was…
Netherlands prohibits phones in schools
In order to prevent learning from being disrupted, the Dutch government has announced that gadgets like mobile phones will be banned from classrooms. According to Arise News, the program is…
Tinubu backs $5b floating LPG project
President Bola Tinubu on Wednesday gave his support to the implementation of a $5 billion floating Liquefied Natural Gas project in the country. The Tribune reported that he gave…
FG moves to sanction PoS agents over price fixing
The Federal Competition and Consumer Protection Commission is currently investigating alleged price fixing attempts by Point of Sales agents and will impose sanctions upon those found…
Premium Pensions announces intention to merge
Premium Pensions Ltd, has announced that there are ongoing discussions about a takeover plan but they have claimed that so far, no definitive agreement has been reached. Premium Pension also indicated…
