Oil: Bonny light loses all gains in 2022
A report has shown that Bonny Light grade crude oil lost all of its 2022 earnings. Vanguard reported that the oil company ended the year with $81.94 per barrel, dropping…
IMF predicts tougher global economy in 2023
Managing Director of the International Monetary Fund, Kristalina Georgieva, has stated that 2023 will be tougher on the global economy than the previous year. According to Al Jazeera, she…
Consumers demand reversal of NAICOM’s third party insurance directive
The Insurance Consumers Association of Nigeria has called on the National Insurance Commission to reverse its directive on the increase of third Party Motor Insurance Premium in Nigeria. This…
Activate rural banking, CBN directs PSBs
The Central Bank of Nigeria has instructed Payment Service Banks to target those who are financially excluded by operating primarily in rural and unbanked areas. According to the sector's…
Scarcity: Inspect petrol stations’ tanks, NMDPRA urges FG
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that it wouldnow check the tanks of filling stations and other depots in order to halt the hoarding of petrol.…
Croatia dumps kuna currency for euro
Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the EU nearly a decade ago. At midnight (2300…
Avoid building houses under electricity cables, TCN warns Kano residence
The Transmission Company Of Nigeria has cautioned Kano residents against bylding their houses under the transmission cables, in order to ensure safety of lives and properties. The Assistant General…
Full list of Nigerian banks that halted dollar transactions
Guaranty Trust Bank on Thursday evening disclosed that the financial institution has suspended all international transactions on its naira MasterCards. While the bank is yet to give an official reason…
Radisson Blu named 2022 Africa’s leading hotel brand
At the recent 29th edition of the World Travel Awards, Radisson Blu took home the prestigious Africa's Leading Hotel Brand in 2022 Award. The award represents a validation of…
‘Palm oil can contribute $20bn to Nigeria’s GDP yearly’
The National Palm Produce Association of Nigeria, have said that Nigeria’s oil palm is capable of contributing $20 billion annually to the country's Gross Domestic Product, along with massive job…
Peru to revamp economy with $1.6bn
Peru's economy minister pledged on Thursday to launch an investment program of $1.6 billion to ramp up growth hampered by constant political crises. Alex Contreras said his plan has 19…
Debt: MTN, Airtel, others to disconnect banks’ USSD code
Chairman of the Association of Licensed Telecoms Operators of Nigeria, Gbenga Adebayo, has revealed that network operators will detach banks from the Unstructured Supplementary Service Data code. The banks…
