Blog

Reps proposes bill to ensure timely salary payments
News

Senate okays Tinubu’s $2.2bn loan request

The Senate approved President Bola Tinubu’s loan request of $2.2 billion to help cover part of the ₦9.7 trillion budget deficit for 2024. The approval came after the Chairman of the Senate Committee on Local and Foreign Debts, Aliyu Wamakko, presented a report during plenary. Deputy Senate President Jibrin Barau, praised the committee for its […]

News

FG unveils special marshals to monitor staff, hygiene at airports

The Federal Government has introduced voluntary Special Airport Marshals to oversee staff conduct and assess hygiene standards at Nigerian airports. The Minister of Aviation and Aerospace Development, Festus Keyamo, made this announcement on Thursday. This initiative is part of a broader effort to improve service delivery and enhance the travel experience for the public. Though […]

featured

Expert raises the alarm on AI’s threats

Yoshua Bengio, a renowned computer scientist and AI pioneer, has raised concerns about the potential negative impacts of artificial intelligence on society. Bengio called for further research to mitigate these risks, while continuing his influential work in deep learning, a field focused on mimicking brain activity to recognize complex patterns in data, according to CNBC. […]

US SEC approves ETFs to track Bitcoin
News

Bitcoin hits new all-time high, surpassing $97,000 mark

Bitcoin surged past the $95,000 mark for the first time on Wednesday, reaching a peak of $97,903. The increase, which represents a more than 3 per cent gain, is partly attributed to market speculation surrounding the potential for a second Donald Trump presidency. As of the latest data, Bitcoin’s price stands at $97,646.68. MicroStrategy’s shares […]

News

Oil prices rise amid geopolitical tensions

Oil prices saw a modest increase on Thursday, with Brent crude rising 0.2 per cent to $72.97 and U.S. West Texas Intermediate up 0.23 per cent to $68.91. The rise was driven by geopolitical tensions between Russia and Ukraine, which offset the impact of a larger-than-expected increase in U.S. crude inventories, according to Reuters. “For […]

News

IOCs staying despite divestments – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has clarified that international oil companies are not exiting Nigeria despite their recent divestments. According to NUPRC CEO, Gbenga Komolafe, these divestments are part of “portfolio rationalisation,” a common practice in other markets. At the recent NAPE Conference in Lagos, the CEO of the Nigerian Upstream Petroleum Regulatory Commission, […]

Maritime

Stakeholders urge use of satellite technology to combat marine pollution

The stakeholders highlighted the critical role of satellite technology in combating marine pollution, detecting oil spills, safeguarding marine biodiversity, and promoting sustainable shipping in Africa. They emphasized the importance of establishing comprehensive frameworks at local, national, and regional levels to monitor and address marine pollution effectively. Collaboration, innovation, and strict enforcement of environmental laws were […]

News

FG lauded for approving N250bn mortgage fund

The National Executive Council of the Mortgage Banking Association of Nigeria has praised the Federal Government for approving the N250bn Mortgage and Real Estate Investment Fund. Last week, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced the MREIF initiative, which aims to improve access to long-term, sustainable mortgage banking and […]

News

Banks secured N1.7tn via e-offering’

The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, revealed yesterday that banks have raised approximately N1.682 trillion through e-offering in the ongoing recapitalisation exercise. The Commission, in a statement on Wednesday, noted that Agama made this disclosure during the recently held Chartered Institute of Stockbrokers conference in Ibadan, Oyo State. He […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote refinery resumes US crude imports after three-month hiatus

The Dangote Refinery has resumed importing crude oil from the United States after a brief three-month hiatus. The refinery purchased approximately two million barrels of WTI Midland crude oil from Chevron Corp. This shipment, which marks the refinery’s return to U.S. imports, is scheduled to arrive at the 650,000 barrels per day (bpd) petrochemical facility […]

News

FCCPC warns of substandard, unregistered sugar products in markets

The Federal Competition and Consumer Protection Commission has issued a warning regarding the circulation of substandard and unregistered sugar products in Nigerian markets. These products, primarily smuggled from Brazil, are not fortified with Vitamin A as required by Nigerian regulations, presenting serious health risks. According to a press release issued on Wednesday. the FCCPC raised […]

News

NNPCL launches sale of new crude oil blend to global market

The Nigerian National Petroleum Corporation Limited has announced the commencement of sales for its new crude oil grade, the Utapate crude oil blend, to international refiners. This marks a significant milestone, coming six months after the start of exploration efforts. NNPCL described the development as a major boost for Nigeria’s crude oil production, revenue generation, […]