Telcos lost 12 million subscribers in 2021 over NIN-SIM linkage
Telecommunication companies lost a total of 12 million internet subscribers in 2021 owing to the policy of National Identification Number and SIM linkage. This was according to the Nigerian…
Regulators shut, put Silicon Valley Bank for sale
California banking regulators have on Friday closed down Silicon Valley Bank Financial Group, making it the largest bank failure since the financial crisis. According to Reuters, the regulatory body immediately…
AfDB launches $5.9m financial support program for Africa
In order to strengthen the collaboration between African nations in the battle against illicit financial flows, the African Development Bank has announced the beginning of the African Financial Integrity and…
Seplat Energy boss Brown resigns after court order
The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from his job following the court's order restraining him from running the organisation for seven days. A…
KEDCO laments low revenue generation
The Kebbi Central Area Office of Kaduna Electricity Distribution Company has voiced concern for collecting less than 27% of its monthly revenue target. The manager of the Kebbi Central Area Office,…
Ford to layoff 1,100 workers in Spain
One of the leading automakers, Ford, plans to layoff 1,100 workers at its plant located in Valencia in eastern Spain, according to one of its spokesmen. According to Reuters, the…
Sales of crude oil increase by 46% to N21tn – NBS
Nigeria's exports of crude oil increased by 46.41 percent in 2022, bringing the total to N26.79 trillion. The Punch reported that the entire amount of commerce increased by 31.79 percent, from…
Mitsubishi to sell only EV, hybrid cars by 2030s
The automaker, Mitsubishi plans to strengthen its auto electrification strategy and remain competitive in the market by ensuring all its new car sales beginning from the middle of 2030s are…
Shell’s oil production drops over insecurity, theft – Report
One of the global energy giants, Shell has said its production in Nigeria dropped by a quarter in 2022 as it continues to fight insecurity and crude oil theft. This…
UK economy escaped recession Q4 2022
Information from the Office for National Statistics, has revealed that the United Kingdom's economy narrowly avoided recession in the fourth quarter despite soaring inflation. According to AFP, Gross domestic…
FG generates N2.83trn from company income tax in 2022 — NBS
The National Bureau of Statistics has revealed that the federal government generated a total of N2.83 trillion from Company Income Tax in 2022, a year on year increase of 116…
Naira gains against dollar at investors, exporters window
The naira appreciated further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters’ window. A report by the News Agency of Nigeria accessed…
