Pension funds hit N19.79tn in April
Nigeria’s pension fund value increased to N19.79 trillion in April after declining by 0.47 percent in March. The National Pension Commission data…
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Over 500,000 applicants yet to get FG’s trade grant as deadline approaches
The federal government through the federal Ministry of Industry, Trade and Investment is yet to credit the N50,000 trade grant to more…
Nigerian businesses lost over N1trn between 2022-2023 – NECA DG
The Director-General of the Employers’ Consultative Association of Nigeria, has said that organized businesses lost more than one trillion naira in total…
International oil firms get CBN’s permission to sell 50% of proceeds
The Central Bank of Nigeria has said that international oil companies can sell their retained 50 per cent earnings of repatriated export…
Dangote Refinery starts exportation of jet fuel to Europe – Report
Dangote Refinery has embarked on the export of its first jet fuel cargo to Europe. This is another significant milestone represented by…
FG’s unfavorable policy leads to 52,000 construction jobs lost – Operators
The Construction and Civil Engineering Senior Staff Association and the National Union of Civil Engineering Construction Furniture and Wood Workers have said…
Union Bank affirms commitment to empowering children
Union Bank of Nigeria has affirmed its commitment to empowering Nigerian children during this year’s Children Day’s celebration. This disclosure was made…
ExxonMobil vacates Lagos office, opts for smaller space
ExxonMobil is vacating its expansive offices in Lagos as its 33-year lease expires on Friday, Reuters reported on Friday. This move is…
Top five banks in Q1 2024 based on pre-tax profit
Banks have continued to record impressive financial results in the first quarter of 2024, after a strong year in 2023. For instance,…
FG secures $500m world bank loan for power distribution
The federal government has secured a $500 million loan from the World Bank aimed at improving power distribution in Nigeria’s electricity sector.…
NCC targets 50% quality service improvement in 2024
Nigerian Communication Commission stated that it is working towards achieving a 50% improvement in the quality of service in the telecommunications industry…
NNPC, ExxonMobil resolve dispute over assets divestment
The Nigerian National Petroleum Company Limited and ExxonMobil have made progress in resolving the dispute over the sale of ExxonMobil’s asset to…