Robert Maersk Uggla met Nigerian president Bola Tinubu over the weekend, but no new investment deal was signed Nigerian president Bola Tinubu claims to have secured an investment of $600m from Danish shipping and logistics giant Maersk, but that appears to be news to Maersk A $600m investment into Nigeria’s […]
Other News
The Plea Of University Lecturers To Teachers In Secondary Schools
Dear secondary school teachers and school owners, please, help the students and the public by ensuring that students in your school write examinations by themselves and merit the grades they brandish on their SSCE results. We are tired of seeing students with A1 in Mathematics but cannot resolve the smallest […]
Opay Clarifies New CBN Directive, Reassures Customers Funds Are Secure
PUBLIC NOTICE OPay remains committed to working closely with the Central Bank of Nigeria (CBN) andother regulatory bodies to fight money laundering, fraud, terrorism financing, and other illegal financial activities. As a regulatory-compliant institution, OPay follows the rules set by the CBN and other regulators to ensure the financial system’s […]
Major Marketers Move To End Fuel Scarcity, To Flood Market With 300m Litres
The Major Energies Marketers Association of Nigeria (MEMAN) has concluded plans to take delivery of eight vessels containing over 300m litres of fuel to address the current fuel shortage. Chairman of MEMAN, Huub Stokman, disclosed this during a press conference to address the current fuel scarcity across the country. Daily […]
FG Announces Free Ride On Port Harcourt-Aba Railway From May 1-4
The Federal Government has announced free passenger train ride for four days on the rehabilitated Port Harcourt to Aba railway. The Permanent Secretary, Ministry of Transport, Oloruntola Oluremi, said the free train ride would be from the 1-4 May. “There will be free train ride between Port-Harcourt and Aba on […]
FG Completes And Switch On Zungeru Hydro Power Plant , Adds 624 MW To Grid
Yesterday, the National Grid got a massive boost as 624MW was added from Zungeru HPP. This was after a successful reliability test on the units. With this addition, NESI will be better and the national grid shall grow. Let’s continue to prioritize #energyaccountability and #energymanagement as we work towards a […]
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate represents a 5.8% depreciation from the month’s opening rate of N1,309.39 and a significant drop from its mid-month high of N1,072.74. The naira rallied […]
May Day: NLC Rejects 35% Pay Rise, Insists On Living Wage
The federal government last night approved a pay rise of between 25 and 35 per cent for civil servants across various consolidated salary structures. The announcement was made on the eve of May Day, or Labour Day, which is celebrated worldwide to recognise and honour the achievements and contributions of […]
Nigeria’s VAT Collection, Lowest In Africa – Tajudeen Abbas
The Speaker of the House of Representatives, Tajudeen Abbas, has described Nigeria’s Value Added Tax collection as the lowest in the African continent. This was as the Speaker attributed the development to what he referred to as significant inefficiencies in the nation’s tax system. According to the Speaker, the House […]
CBN Bars MFBs, Opay, Moniepoint From Registering New Customers – Gazette
The Central Bank of Nigeria has barred some microfinance banks, including Moniepoint, Opay and Kuda, from opening new accounts and accepting new customers over allegations that they were being used to funnel cryptocurrency and manipulate the naira’s value, sources familiar told Peoples Gazette on Monday. Sources confided in The Gazette […]