The Federal Government may approve ExxonMobil’s asset sale to Seplat in less than two weeks if parties agree to two mutually exclusive options relating to decommissioning and host community rights, according to the Executive Secretary, Nigeria Upstream Petroleum Regulatory Council (NUPRC), Gbenga Komolafe. However, he declined to mention the specific […]
Author: Aisha Muhammed
Data Disproves Commissioner’s Claim That Lagos Is Africa’s 7th Largest Economy
Ọpẹ George, the commissioner for economic planning and budget in Lagos State, has told journalists that Lagos has the 7th-ranked GDP in Africa after growing its gross domestic product (GDP) from N27 trillion in 2019 to N41 trillion. This is, however, far from the truth, according to credible data. Geaorge said this while […]
Cristiano Ronaldo Gets 66th Hat-Trick As He Reaches 890 Career Goals
🇵🇹 Cristiano Ronaldo scores 66th hat-trick of his career and it’s 52 goals in 52 games this season! ✨ 🐐 🐐 It’s 6️⃣6️⃣ G/A this season with 14 assists completed. ❤️ ❤️ ❤️ ❤️
Nigerian Workers Release Breakdown Of Proposed ₦615,000 Minimum Wage
Organized Labour, consisting of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, has outlined details of its proposed N615,000 minimum wage. The details were contained in a statement released by the NLC on Friday. According to the statement, Food and Transportation took the larger proportion of the […]
Binance Founder Sent To Jail As Nigeria Awaits Extradition Of Africa Manager
Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been sentenced to four months in jail after he pleaded guilty to a money-laundering violation. He was sentenced in U.S District Court in Seattle, as all the efforts of his lawyers to put him on probation […]
Opay, Palmpay, Others Warn Customers Against Crypto Trading
Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At least four fintechs—Opay, Moniepoint, PalmPay and Paga—have communicated this development to their customers on Friday. Last week, the Central Bank of […]
Fuel Supply: 9,000 Marketers May Lose Licences, Seek FG’s Intervention
As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National Petroleum Company Limited to extend its final deadline for licensing renewal to July. It also appealed to […]
FG Borrows ₦11 Trillion Via Bonds, T-Bills In Four Months
The Federal Government has raised a total sum of N11tn through auctions and sales of Treasury bills and saving bonds issuance in four months, according to findings by The PUNCH An analysis of bonds and bills results issued this year by the Central Bank and the Debt Management Office showed […]
Government Palliative Worsening Food Inflation – CBN Governor, Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation in the country. He stated this in his contributions during the March Monetary Policy Committee, which was published on the website […]
APM Terminals Confirm Plans To Invest $500 Million In Port Upgrade
It said this is outside the $600 million it injected in the acquisition of equipment, including trucks, container cranes as well as advanced operational controls, digital interfaces, and extensive training of employees since 2006. Keith Svendsen, Chief Executive Officer of APM Terminals, in a statement titled “Our Vision For Nigerian […]