Nigeria lost 66m oil barrels to theft in one year – IOCs
Nigeria has been unable to produce and sell approximately 65.7 million barrels of oil due to pipeline vandalism and oil theft since 2023. This has resulted in a loss of…
Euro strengthens, yen weakens ahead of European Central Bank meeting
As the week begins, investors are keeping a close eye on the Bank of Japan's upcoming meeting and the last few data releases before the Federal Reserve and European Central…
Aviation strike cost Nigeria billions of naira – Air Peace
The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, said that Nigeria lost several billions of naira within those two days of industrial action by aviation union workers.…
Nigeria’s debt to World Bank hits N6trn
Under the administration of the President, Major General Muhammadu Buhari (retd.), Nigeria's debt from the World Bank increased by 121.46% to six trillion. According to The Punch, Nigeria's overall debt to…
How FG can tackle Nigeria’s debt – Rewane
The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has suggested three ways for Nigeria to tackle its debt challenge. This was outlined In the…
S’Korea restores Japan to trade whitelist after years of conflict
South Korea has formally restored Japan to its list of countries that receive preferential economic treatment, three years after the neighbors downgraded each other's commercial status amid a diplomatic conflict…
Insurance claims hit N1.5tn with increased awareness
Insurance industry statistics has revealed that Nigerian underwriting companies have paid N1.5tn claims to their customers over a six-year period. The National Insurance Commission reports that claims paid by…
Estate surveyors blame land use act for housing scam, land grabbing
The Nigerian Institution of Estate Surveyors and Valuers has expressed concern about the complicated procedure involved in acquiring a Certificate of Occupancy or Governor's consent in Nigeria, as it has…
Engineers demand forensic investigation of collapsed Lagos building
The Nigerian Institution of Structural Engineers has suggested carrying out a forensic investigation into the building collapse that took place at Close 102, 1st Avenue, Banana Island in Lagos. This…
SON reaffirms commitment to Halal product standards
The Nigerian Standards Organization has reaffirmed its commitment to leading initiatives that advance the creation of Halal product standards. The Punch reported that in a statement, the director general of SON,…
Subsidy: Oil marketers request transition plan against handing over
Oil marketers have requested that the government of Nigeria establish a plan to transition away from fuel subsidy following handing over in May 29th. The Managing Director, CEO of…
Subsidy: Oil marketers demand transition plan ahead of Tinubu’s inauguration
Oil marketers have requested that the government of Nigeria establish a plan to transition away from fuel subsidy ahead of handing over to the president elect, Bola Tinubu in May…
