Deceased retirees’ relatives receive N274bn in death benefits – PenCom
The National Pension Commission has disbursed N274.34 billion in death benefits to 45,976 beneficiaries over the past five years. This was revealed…
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NCDMB acquires 20% stake in 100,000bpd Rivers refinery project
The Nigerian Content Development and Monitoring Board has acquired a 20% equity stake in a 100,000 barrels per day refinery project in…
UK-Nigeria trade hits £7.8bn
Nigeria-United Kingdom trade is currently valued at £7.8 billion, according to UK Deputy High Commissioner, Mrs. Gill Lever. She made this known…
Seplat reports 11% increase in production after SEPNU acquisition
Seplat Energy Plc has recorded an 11% surge in total production following its acquisition of Mobil Producing Nigeria Unlimited, now rebranded as…
World’s richest woman, brother lose $5.4bn as Walmart shares decline
The world’s richest woman, Alice Walton, and her brother Jim Walton have seen their collective net worth drop by $5.4 billion following…
Naira declines, erasing recent gains in official, parallel markets
Over the past week, the Nigerian naira experienced a depreciation against the US dollar in both official and parallel markets. At the…
Gold holds steady as economic uncertainty fuels safe-haven demand
Gold prices remained steady after last week’s gains as growing concerns about the global economy boosted demand for safe-haven assets. Spot gold…
Nigerians import few cars as inflation, FX woes bite
Nigerians imported fewer passenger cars in 2024 as rising inflation and naira depreciation made foreign exchange more expensive, increasing vehicle costs. According…
MAN laments excessive annual charges by FRC
The Manufacturers Association of Nigeria has expressed serious concern over the substantial increase in annual charges imposed on private companies by the…
Equity market records N476bn loss in weekly performance
The Nigerian stock market declined, losing N476.0 billion in one week as investors traded 1.818 billion shares worth N47.226 billion across 64,222…
FG, tanker drivers differ on enforcement of 60,000-litre truck ban
The Federal Government appears to have failed to enforce the order to ban trucks with a capacity exceeding 60,000 litres from loading…
Google removes diversity, equity from ethics team page
Google has quietly altered the webpage for its Responsible AI and Human-Centered Technology team, removing references to “diversity” and “equity.” The RAI-HCT…