Telcos lost 12 million subscribers in 2021 over NIN-SIM linkage
Telecommunication companies lost a total of 12 million internet subscribers in 2021 owing to the policy of National Identification Number and SIM…
Nigeria
Seplat Energy boss Brown resigns after court order
The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from his job following the court’s order restraining him…
Shell’s oil production drops over insecurity, theft – Report
One of the global energy giants, Shell has said its production in Nigeria dropped by a quarter in 2022 as it continues…
Naira gains against dollar at investors, exporters window
The naira appreciated further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters’ window. A…
NNPCL distributes 339m litres of petrol to 63 deports
The Nigerian National Petroleum Company Limited has said that 63 deports across the country have altogether received a total of 339 million…
Nigeria Stock Market rebounds, gained N107bn
The Nigerian Exchange Limited rebounded again as investors gained N107 billion on Wednesday despite the market’s recorded N1bn loss on Tuesday. The…
Nigeria secures China funding to fix national grid
The Transmission Company of Nigeria has signed an agreement with a group of Chinese companies to secure funding for the improvement of…
CBN faults IMF’s report on 24% Anchor Borrowers’ payment
The Central Bank of Nigeria has revealed that a total of N503bn representing 52.39 percent of the disbursed funds under the Anchor…
Nigeria’s fiscal deficit hits N7.34trn in 2022
The Central Bank of Nigeria in its figure recorded a fiscal deficit of N7.34 trillion between January 2022 and November 2022. The…
Census: FG establishes basket fund donations
The Federal Government of Nigeria plans to establish a basket fund to receive donations for the 2023 population and housing census. This…
ExxonMobil to complete sale of shallow water assets soon
Energy leader, ExxonMobil, said it is hopeful to sell its shallow water oil production assets to Seplat Energy soon upon approval from…
FG to initiate fertilizer subsidy for farmers
The Federal Government of Nigeria is making plans to initiate subsidy on fertilizer to farmers in the country through a programme…