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NIN registration hits 80.7 million weeks after SIM ban

The Nigeria Identity Management Commission has issued 80.7 million National Identification Numbers, exactly 19 days after the agency deactivated about 72 million telecommunication subscribers for failing to comply with the Federal Government’s NIN-Subscriber Identity Module policy. The data on NIMC’s portal showed that the number of issued NINs hit 80.7 million on April 23, 2022, […]

agencyreport
12th May 2022
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News

Lagos to demolish over 10 distressed buildings before Sunday

As part of the ongoing efforts to rid Lagos State of distressed buildings, the Lagos State Building Control Agency says it has marked over 10 structures in the state for demolition. A statement by the Head, Public Affairs, LASBCA, Adetayo Asagba, said the buildings were marked for being structurally distressed and unsafe for habitation. The […]

agencyreport
12th May 2022
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Why oil theft estimates are unrealistic- Navy

Oil and Gas

Nigeria loses N91bn oil in one month – Analysis

Statistics have shown that Nigeria lost N91bn worth of oil to various technical issues in just one month. Data sourced from the Nigerian National Petroleum Corporation’s latest Monthly Financial and Operations Report (April 2021) showed that the revenue was lost due to the inability to produce approximately 3.5 million barrels of oil in April. Total […]

agencyreport
12th May 2022
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Tweeps knock FG as fuel scarcity leaves commuters stranded

Oil and Gas

Fuel scarcity won’t spread to Lagos, others – Marketers

Oil marketers have said that the fuel scarcity being experienced in Abuja will not spread to Lagos State and other parts of the country. In an interview on Wednesday, the Major Oil Marketers Association of Nigeria, the Independent Product Marketers Association of Nigeria, and the Depot and Petroleum Products Marketers Association, unanimously said the state […]

agencyreport
12th May 2022
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News

Fintech startup boosts money management service

Halo Financial Services Limited, a fintech start-up, has launched an innovative service that will help Nigerians manage and grow their money. During a press briefing in Lagos on Wednesday, the Chief Executive Officer and Co-founder, Chidimma Onyeokoro, said that Halo enabled communities to provide financial services to their members. Onyeokoro said, “Halo defines a community […]

agencyreport
12th May 2022
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News

Nigerian paper mills collapse, imports hit N297bn in six months

Nigerian paper mills have collapsed years after privatisation, forcing the economy to depend on imported paper for its needs. According to data from the National Bureau of Statistics data, Nigeria imported paper and its allied products worth N296.696bn between July and December 2021. While paper valued at N188.137bn was imported in the third quarter of […]

agencyreport
11th May 2022
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New naira'll make ransom payment difficult - CBN

Banking

Bank loans to govt rise to N16.32tn – CBN

The total net credit by the Nigerian banking sector to the government rose by N2.2tn in the first quarter ended March 2022 to N16.32tn. Figures obtained from the Central Bank of Nigeria’s data on ‘Money and credit statistics’ have shown. According to the data, the net credit to the government rose from N14.12tn as of […]

agencyreport
11th May 2022
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Economy

Nigeria, 10 ECOWAS countries in debt distress – Report

A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa has disclosed that Nigeria and 10 other Economic Community of West African States countries are currently in debt distress based on debt sustainability analysis. The 10 other countries are Benin, Burkina Faso, Cabo Verde, the Gambia, Ghana, Guinea […]

agencyreport
11th May 2022
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Nigeria, Morocco commence 5,600km gas pipeline project

Oil and Gas

Reps kick as Kyari keeps mum on oil swap deal

THE Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, finally appeared before the House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria. However, Kyari could not answer some of the critical questions posed to him by members of the committee, urging the lawmakers to allow […]

agencyreport
11th May 2022
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Appointments

Afolabi becomes SIFAX Group new board chairman

The board of SIFAX Group has announced the appointment of Dr Taiwo Afolabi as the new board chairman of the company. In a statement, the Group Head, Corporate Communications, SIFAX Group, Muyiwa Akande, said that the appointment was with immediate effect. Afolabi, who was until this appointment the group executive vice chairman, replaces the former […]

agencyreport
11th May 2022
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FG to end fuel subsidy in 2023 - Minister

News

N1.8bn debt: AMCON takes over Aeroland Travels’ assets

THE Asset Management Corporation of Nigeria said it had taken over assets belonging to Aeroland Travels Limited, and its directors over indebtedness of N1.8bn. A statement from AMCON spokesperson, Jude Nwauzor, said this was sequel to the order of Honourable Justice D.E. Osiagor of the Federal High Court, Lagos Division. It stated that, “It would […]

agencyreport
10th May 2022
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15 Views

Aviation

Jet-A1: NNPC, airlines agree on three-month supply at N480/litre

The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline operators reaching a deal. It was agreed that the NNPC would supply Jet-A1 to marketers nominated by airline operators for a period of three months […]

agencyreport
10th May 2022
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21 Views

BUA cement announces revised date for ₦2.05 dividend

Lagos partners BOI, Sterling Bank to boost MSMEs

Disney beats Q2 expectations with strong Disney+ subscriber

Investors flee to Europe, Japan amid trade war

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Some Populer Post

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NIN registration hits 80.7 million weeks after SIM ban

Lagos to demolish over 10 distressed buildings before Sunday

Nigeria loses N91bn oil in one month – Analysis

Fuel scarcity won’t spread to Lagos, others – Marketers

Fintech startup boosts money management service

Nigerian paper mills collapse, imports hit N297bn in six months

Bank loans to govt rise to N16.32tn – CBN

Nigeria, 10 ECOWAS countries in debt distress – Report

Reps kick as Kyari keeps mum on oil swap deal

Afolabi becomes SIFAX Group new board chairman

N1.8bn debt: AMCON takes over Aeroland Travels’ assets

Jet-A1: NNPC, airlines agree on three-month supply at N480/litre

Soviet-era spacecraft ‘likely’ re-entered Earth’s atmosphere – Report

GPUs are the ‘currency’ for AI researchers –.

NIMC releases revised price list for NIN services

FAAN unveils modern domestic cargo facility in Lagos

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