NNPCL stocks of 2.1bn litres of petrol ahead of gov election
NNPCL's Chief Corporate Communications Officer, Mr. Garba Deen Muhammad, has said in a statement that the company's most recent updates, revealed that there would be a massive stock of a…
China raises defence budget by 7.2%
China will raise its budget on defence by 7.2% this year in a bid to enhance preparedness and build the nation's security capacity. Reuters reported that the increase is…
FG to initiate fertilizer subsidy for farmers
The Federal Government of Nigeria is making plans to initiate subsidy on fertilizer to farmers in the country through a programme financed by the African Development Bank and International…
Intra-state bus fares increased by 37% in one year – Report
The average fare for bus journeys within the city per drop in Nigeria increased by 36.59 per cent from 2022 to 2023. This was according to a report by National…
NSE implores FG to give local engineers contracts
The Nigerian Society of Engineers has implored the Federal Government to give local engineers contract. The president of the society, Tasiu Gidari-Wudil, made this appeal on Saturday during a press…
Tesla retrieves 3,470 Model Y cars over loose bolts
One of the leading electric vehicles makers, Tesla, said it will retrieve around 3,470 2022/2023 Model Y vehicles in the United States owing to loose bolts. According to the…
Power outage worsens in France over electricity workers’ strike
The leading electric utility company, Électricité de France's strike which started last Friday has led to low nuclear power output, worsening power outage in the country. This was disclosed by…
Africa needs $614 billion to combat food insecurity – IFAD
The International Fund for Agricultural Development has said that Africa will require $614 billion overall by 2030 to address its growing food insecurity issue and change its food system. The Punch…
Wema Bank issues N25b bond to investors
Wema Bank has issued a N25 billion bond to selected investors in order to strengthen its capital base. The bond will not be placed on any security exchange, according to…
Syria loses 10% GDP to earthquake – World Bank
The World Bank has said the damage caused by the earthquake on buildings and infrastructures is estimated to be 10 percent of Syria's Gross Domestic Product. According to Reuters, this…
NUPRC to investigate pipeline explosion in Rivers
By Christian George The Nigerian Upstream Petroleum Regulatory Commission is set to investigate the cause of pipeline explosion on Thursday in Emohua Local Government Area of Rivers State. In…
Zenith Bank to begin operation as HoldingCo
Zenith Bank PLC has received approval in principle from the Central Bank of Nigeria to operate as a financial holding company. The Punch reported that Zenith Bank disclosed plans to…
