Nigeria’s national currency – Naira- on Wednesday sustained its appreciation trend at the parallel market, exchanging at an average of N800/$1 in the early morning trading hours, compared to an average of N855/$1 it traded during Tuesday’s trading session. The currency’s latest exchange rate represented a 6.43% appreciation over the preceding day’s exchange rate. According […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported Nigeria’s daily crude oil production output rose above 1 million barrels per day to an average of 1,014,485 barrels per day in October 2022. The Commission gave these figures in the ‘October Crude Oil Production Report’ which showed that the last time Nigeria’s daily crude oil […]
The United Kingdom has announced an increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking at COP27 in Sharm El Sheikh, Egypt, on the funding support, British Foreign Secretary, James Cleverly, confirmed the UK will provide £200 million to the African Development Bank Group’s (AfDB’s) Climate […]
Following the constant introduction of malicious apps into Google Play Store, the Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised users against the installation of apps from the offending publisher, ‘Mobile Apps Group’, whose products were discovered to contain Trojans and malware that are harmful to users and their privacy. NCC-CSIRT’s advisory […]
The House of Representatives and Federal Road Safety Corps (FRSC) have commended Dangote Coal Mines Limited for supporting the government through its multi-million Naira social schemes and for adopting innovations that have remarkably reduced the rate of auto crashes in the country. Speaking at an interaction session involving the company’s host community’s leaders and youths […]
Barely four days after Elon Musk laid off nearly 50 percent of 7,500-strong staff of Twitter, Meta, the parent body of Facebook, Instagram and WhatsApp, has laid off 11,000 workers, about 13% of its entire workforce. In a message to his employees, Mark Zuckerberg stated that he was reducing the size of the team in […]
The Debt Management Office (DMO), on behalf of the Federal Government, has announced the offer for a subscription to the November 2022 Federal Government Savings Bond. A circular issued by the Office indcated that there were two tranches of issuances, namely the 2-year and 3-year savings bonds, with interest rates of 12.492% and 13.492%, respectively. The interest rates […]
Nigeria’s national currency, the Naira sustained its exchange rate recovery trend for the second consecutive day at the parallel market on Tuesday, trading at an average of N855/$1, compared to an average of N875/$1 recorded in Monday’s trading session. According to information from black market traders in Abuja, the Nigerian national currency also appreciated by […]
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]
The Rural Electrification Agency (REA) on Tuesday disclosed that it had so far signed 267 agreements worth about $395 million to provide electricity to un-served and under-served consumers under the Nigeria Electrification Programme (NEP) nationwide. The agency’s Managing Director, Engr. Salihijo Ahmad, who gave this hint in Abuja during an interactive chat with journalists, explained […]