The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facility at Idu, Abuja, in furtherance of its sustained efforts to tackle the growing oil leakages and thefts in the hydrocarbon resources industry in the country. In his remarks at the ceremony, the Minister […]
With the removal of fuel subsidy last June by the President Tinubu’s administration, travellers in the country have been paying higher fares for all modes of transportation, with the average intercity transport fare per drop surging by 61.27% last November for road travels. The National Bureau of Statistics, in its ‘Transport Fare Watch (November 2023)’ […]
…Provides Digital Feedback Box For Complaints Apparently worried about growing complaints by bank customers over inability to withdraw cash to meet their needs over the past few weeks, the Central Bank of Nigeria (CBN) on Thursday cautioned banks and Point of Sale (PoS) operators nationwide to immediately ease cash withdrawals to depositors. The apex bank, […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s unemployment rate rose to 4.2% in the second quarter of 2023, representing a marginal increase of 0.1% over the 4.1% rate recorded in the preceding quarter. The Bureau, in the latest ‘Nigeria Labour Force Survey (NLFS) Q2 2023 report showed that the labour force […]
Nigeria’s total external debt stock declined to $41.59 billion as of the third quarter this year, representing $1.57 billion drop from the $43.16 billion it stood in the third quarter of last year The Debt Management Office (DMO) gave these figures in its juts published third quarter 2023 public debt report. According to the report, […]
The Nigerian Communications Commission (NCC) has directed mobile network operators (MNOs) in the country to bar telephone lines without National Identity Numbers (NIN) and those without verified NINs from services on their networks. The Telecommunications Operators in Nigeria under the umbrella body of the Association of Licensed Telecom Operators of Nigeria (ALTON) have announced that […]
Following remarkable efforts of the President Bola Tinubu-led administration to attract foreign investments into key sectors of the nation’s economy at the just concluded Conference of Parties (COP28) in Dubai, the Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection […]
The Lagos State Government has announced plans to deploy about 1,000 Compressed Natural Gas (CNG)-buses before the end of 2024 in furtherance of its efforts to provide affordable transportation to commuters in the state. Following the completion of proof of concept on the feasibility of use of non-combustible engines as substitute for fuel-powered vehicles, the […]
The Council of the European Union (EU) and the Parliament have come to a provisional agreement on amendments to the Solvency II directive, which they say will “boost the role” of the re/insurance sector and make it a more resilient and prepared industry for the benefit of policyholders. After a review of Solvency II following […]
President Tinubu has approved a 50% discount on road transport travel across the country from December 21, 2023, to January 4 next year. The Minister of Solid Mineral Development, Dele Alake, who disclosed this to journalists at the State House in Abuja said the action was part of Tinubu’s initiatives aimed at easing the lives […]