Wednesday, March 19, 2025
The naira, Nigeria’s currency on Wednesday closed on a flat note with a marginal loss of 0.02 percent at the official foreign exchange (FX) market, following a decline in the dollar sales by market operators. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), FX trading resumed on Wednesday after a […]
The Nigerian government and the Space Exploration and Research Agency (SERA) Delaware, a United States-based company, are set to launch the first human spaceflight in Africa, to send the first Nigerian to space. Uche Nnaji, minister of innovation, science and technology disclosed this in Abuja at the signing of the […]
Michael Achimugu, the Director of Public Affairs and Consumer Protection of the Nigeria Civil Aviation Authority (NCAA), has said that Festus Keyamo the Minister of aviation and aerospace development and Chris Najomo, Acting Director of General Civil Aviation were pivoted to Nigeria’s 71.04 per cent score during the recently concluded International Civil […]
Experts say external reserves will increase rapidly as Nigeria begins to see some foreign inflows. Nigeria‘s foreign reserves have risen by 2.19 percent month-on-month, following streams of dollar inflows from international financial institutions. Data from the Central Bank of Nigeria (CBN) revealed that external reserves grew to $33.159 billion as […]
Zenith Bank Plc, United Bank for Africa, Stanbic IBTC Holdings are the top three banks who donated the most to charity in the first three months of 2024, according to BusinessDay analysis. Zenith Bank Plc recorded a CSR donation of N1.63 billion, United Bank for Africa’s CSR donation stood at […]
🇷🇺 Russia overtook US as gas supplier to Europe in May. Rise in market share highlights the impossibility of weaning Europe off Russian energy. Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite the region’s efforts to wean […]
The House of Representatives Committee on Public Petitions has summoned the managing director and senior management staff of Nigeria AGIP Oil Company (NAOC) in response to a petition alleging the diversion of $72 million. The complaint was raised by De Coon Service Limited (DSL), a service company, against AGIP and […]
Nigeria’s commercial hub, Lagos, and the capital city, Abuja, have been identified as the cheapest cities globally for expatriates to live in, according to the 2024 Mercer Cost of Living Survey released on Monday. The depreciation of the naira has significantly reduced the cost of living for international workers in […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that, when fully operational, Dangote refinery could crash the pump price of fuel to between N515 and N550 depending on the location. IPMAN Public Relations Officer, Chinedu Ukadike, in an interview with New Telegraph yesterday, said the marketers were expecting […]
Awards N30 Million Against Firm The National Industrial Court has held that Employee Compensation Act 2010, the current law dealing with compensation for work-related injury claims, does not exclude the right of action in negligence for industrial injury claims. The decision was handed down by the Presiding Judge of […]