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Tag: Nigeria

Kaduna customs hits N16.3bn revenue in 2023
News

Kaduna customs hits N16.3bn revenue in 2023

The Nigeria Customs Service, Kaduna Command, increased revenue generation by 21.93% in 2023, earning a whopping N16.3 billion. This was revealed in a statement issued on Saturday by the command’s Public Relations Officer, Muhammad Aminu. He noted that the service generated N16.3 billion in revenue, a significant rise from the N13.4 billion recorded in 2022, […]

US plane's window blows out mid-air, model suspended
Aviation

US plane’s window blows out mid-air, model suspended

An Alaska Airlines Boeing 737 Max 9 flight 1282 from Portland to California was reported to have turned around 35 minutes into its flight owing to depressurization on Friday afternoon. Arise News reported that a window and a portion of the fuselage were reportedly lost by the aircraft in midair, requiring an emergency landing in the […]

NGX to draw in more investors - CEO
Business

Nigerian stocks rise 6.54% in first week of 2024

The Nigerian Exchange Limited ended the first week of 2024 on a high note, backed by continued investor faith in listed companies. The Times reported that this momentum has implanted hope for a possibly positive market in 2024, propelling the All-Share index to a 6.54% gain to close at 79,664.66 points. Similarly, all other indexes […]

Dangote Refinery's polypropylene to enter market
Oil and Gas

Dangote Refinery receives fifth crude oil shipment 

The Nigerian National Petroleum Corporation Limited delivered the fifth crude oil shipment of one million barrels of Bonny Light to Dangote Petroleum Refinery on Thursday. The firm is currently planning to welcome the sixth million barrels of crude oil to the refinery by next week. This recent discovery is an important step forward for the […]

Google releases AI multisearch feature
News Tech

Google shares hack to prevent breach

In response to news of a password change-resistant attack being used by information-stealing hackers, Google has advised users of Gmail to switch the app off and on again. CloudSEK researcher Pavan Karthick M described how Google accounts may be compromised by taking advantage of an undocumented authentication endpoint that is used for cross-services synchronization in […]

Nigerians, South Africans top Africa's influential people list 2023
News

Nigerians, South Africans top Africa’s influential people list 2023

Nigerians and South Africans have dominated the list of the most influential people in Africa in 2023. The annual 100 Most Influential Africans list, released by New African Magazine, showcases exceptional people from a variety of professions, highlighting Africa’s talent and worldwide significance. “The list also reflects the shifting trends and priorities in Africa, as […]

Business

Nigeria needs to balance foreign investment with local growth – KPMG

A professional services firm, KPMG, has stated that Nigeria must strike a balance between attracting foreign capital and supporting domestic growth through policies that favour foreign investment while also building a conducive climate for indigenous enterprises to prosper. According to the firm’s flashnotes published on January 4, 2024, capital importation numbers show a consistent quarterly fall, indicating continued issues […]

Over 200,000 Kebbi residents to receive N75,000 from FG
News

Over 200,000 Kebbi residents to receive N75,000 from FG

The Kebbi State Government has said that the Renewed Hope Cash Transfer project will pay N75,000 to 211,699 people throughout the state’s 21 local government areas (N25,000 per circle for three payment circles). The Kebbi State Commissioner for Humanitarian Affairs, Alhaji Muhammad Hamidu-Jarkuka, made the announcement on Friday at a one-day refresher training for local government […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Business

Chinese, Nigerian energy firms sign $1bn gas flaring deal

A Nigerian energy corporation, NIGUS International, has entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology corporation Ltd., a Chinese enterprise, to finance and promote gas flaring solutions in Nigeria. According to the News Agency of Nigeria, President Bola Tinubu issued a national directive that led to the signing of this agreement on […]

Jigawa targets two million tonnes wheat production 2024
Business

Jigawa targets two million tonnes wheat production 2024

Jigawa State Governor, Umar Namadi has announced that his state planned to produce two million tonnes of wheat to help Nigeria achieve food sufficiency. Arise News reported that according to Namadi, Jigawa’s output target will be met by the National and State Wheat Development Programs. The governor revealed this to reporters on Thursday after meeting with President […]

Only four Nigeria states attract foreign investment in Q4 - Report
News

Foreign investment in manufacturing sector falls by 54% – NBS

The latest Capital Importation data from the National Bureau of Statistics shows that foreign investments in Nigeria’s manufacturing sector decreased by $326 million (54%) to $279.5 million in the third quarter of 2023 from $605 million in the second quarter. According to The PUNCH, the report’s further research, despite the large decline, the production sector […]

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

NNPCL to complete Port-Harcourt refinery test run January

The NNPCL has announced that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month, followed by a full resume of work later. The NNPCL’s spokesperson, Femi Soneye, stated on Friday. “Testing will be completed shortly, ensuring the refinery’s efficient operation. This phase will be finished this month.” The refinery, which is now […]

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