Foreign airline trapped funds hit $550m
The trapped funds belonging to foreign airlines have now increased to $550million, despite the recent intervention of the Central Bank of Nigeria to clear part of the funds. The…
Nigeria may lose $23bn to crude oil theft
The National Security Adviser, Major General Babagana Monguno, has warned the Federal Government of an impending loss of about $23 billion in 2023 if the menace of crude oil theft…
China donates over N2.8bn agric centre to Nigeria
The Chinese government on Tuesday have donated over 2.8 billion worth of agricultural demonstration centre to Nigeria. The Chinese Ambassador to Nigeria, Cui Chun, made this disclosure on the…
CBN reduces over-the-counter withdrawal limit
The Central Bank of Nigeria has announced the reduction of over-the-counter withdrawal limit for both individuals and companies. According to Nairametrics, the apex banking institution has pegged withdrawals by…
NNPCL signs MoU with five African national oil firms
The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant bodies of five African countries on the Nigeria-Morocco Gas Pipeline Project.…
FG targets OPEC oil quota in 2023
The Minister of State Petroleum Resources Chief Timipre Sylva has assured that Nigeria will work hard to meet its crude oil production quota of the organisation of Petroleum…
Oil export: Nigeria’s Q3 foreign trade drops to N11.6trn
Nigeria recorded a total foreign trade of N11.59 trillion in the third quarter of 2022, representing a 9.7% decline compared to N12.84 trillion recorded in Q2 2022. The National…
Digital economy: Nigeria, Vietnam deepen bilateral relations
In a determined effort to deepen the long-standing bilateral relations between Nigeria and Vietnam, both countries plan to work together more, particularly in the areas of the digital economy, telecommunications,…
MTN Nigeria records N1.46trn sales revenue in nine-month
MTN Nigeria Plc has disclosed that it recorded N1.46 trillion in sales revenue for the first nine months of 2022. Giving a breakdown of the revenue, the telecommunication company…
Antisemitism: Studio offers free removal of Ye’s tattoo
NAAMA, A tattoo removal studio located in London, has offered free removal of Kanye West tattoos as artiste continues to promote antisemitism, praise Adolf Hitler. The Studio, in a…
Port terminal generated N213bn in 11 months – Customs
The Nigerian Customs Service has revealed that its Port Terminal Multiservices Limited generated the sum of N213bn in the last 11 months. According to Daily Post, this was disclosed…
ABC, Microsoft seek data protection bill passage
The American Business Council and American multinational technology corporation, Microsoft Corporation have sought the quick passage of the data protection bill. They made the plea at the workshop on cross-border…
