Saturday, April 19, 2025
I was away on vacation for just two weeks only to return to meet fuel queues still on the streets of Nigeria with the fuel stations rationing fuel in Lagos and other parts of the country. It is a big shame and an embarrassment that the world’s sixth-largest producer of crude […]
The Nigeria Football Federation, NFF, has listed 23 players for the upcoming 2025 Africa Cup of Nations qualifying fixtures against Benin Republic and Rwanda. There are three goalkeepers, including AFCON 2023 star Stanley Nwabali, seven defenders, six midfielders and seven forwards. Bendel Insurance safe hands Amas Obasogie also returns, just […]
Lagos monarch dissolves market c’ttees over high cost of foodstuff A Traditional Ruler, the Akran of Badagry, Aholu Menu Toyi 1, has dissolved all market committees dictating the prices of foodstuffs and goods in Agbalata International Market, Badagry, indefinitely. Akran announced at a meeting with Agbalata market men and women at […]
FG may convert Arik, Aero Contractors to national carriers The Asset Management and Corporation of Nigeria has said Arik and Aero Contractors airlines may be merged and converted to a national carrier. The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this on Monday at an interactive session with media […]
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has not paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya, made the clarifications on Monday in Abuja. Ajiya said NNPC Ltd. was only handling Premium Motor Spirit (PMS) […]
700,000 applications verified’ A massive boost to reflate the economy is underway, Minister of Industry, Trade and Investment, Doris Uzoka-Anite said yesterday. Seventy-five major companies will get N1 billion single-digit loan disbursement next month, while another N125 billion will be given out as loans to Micro, Small and Medium Enterprises […]
A group of prominent political leaders from the North emerged yesterday, named the League of Northern Democrats (LND), which said it would convene a strategic summit to revive the region’s political and economic place in Nigeria. The group, which declared its intention to unite and reposition the North as a […]
The Naira yesterday depreciated to N1, 600 per dollar in the parallel market from N1,590 per dollar last weekend. However, the Naira appreciated to N1,579.22 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,579.22 per […]
IHS Towers ($IHS), the world’s fourth-largest independent tower company, has laid off over 100 employees as currency devaluation in Nigeria, its biggest market, squeezes its profits. One person with direct knowledge of the business told TechCabal that the layoffs, which cut across several departments, mostly affected senior employees and the […]
See Page 36/37 of recently published 2023 NUPRC annual report. Note that this excludes deepwater production which belongs to the federation Delta State was the highest followed by Akwa Ibom state. This is reflected in the 13% monthly allocations to oil producing states. https://www.nuprc.gov.ng/wp-content/uploads/2024/04/UPDATED-2023-NUPRC-ANNUAL-REPORT.pdf