The Nigerian National Petroleum Company Limited (NNPCL), is currently exploring collaborative options with the United States Department of State and leading global consultancy firm, Deloitte, on greenhouse gas emissions from OML 34 with a view to abating the rate. The company’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, stated on Monday that the project, which […]
The Executive Vice Chairman of the National Communication Commission (NCC), Dr. Aminu Maida, has disclosed that the lingering interconnect debt imbroglio between MTN Nigeria and Globacom Nigeria had been amicably resolved through the supervisory mediation of the commission. Maida, who disclosed this on Tuesday at a media briefing in Abuja where he unveiled his vision […]
The World Bank on Tuesday reported that food prices continued to spike across low, middle, and high-income nations, despite its sustained interventions along with other development partners to boost food production across the global geopolitical zones, The development finance institution, in its latest Food Security Update report published on Tuesday reflected that food prices remained […]
….To Parley Governors On Excessive Taxes, Levies The Executive Vice Chairman of the National Communication Commission (NCC), Dr. Aminu Maida, on Tuesday unveiled a 5-pillar visionary agenda aimed at ensuring that stakeholders in the nation’s telecommunications industry were satisfied with the quality of services with the attendant implications for attracting more investments into the industry […]
The Federal Government has mulled a new plan to reform the National Youth Service Corps (NYSC) and make it one of the revenue generation agencies for the country. The Minister of Youth Development, Dr. Jamila Bio Ibrahim, who gave this hint when he featured as a guest on Channels Television’s Sunday Politics programme, said, while […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has commenced the enforcement of its ban on alcoholic beverages produced in sachets of less than 200ml effective from February 1, 2024 The agency hinged its latest action on the fact that the deadline set for manufacturers to cease production of the drinks in sachets […]
Nasarawa State Governor, Engr. Abdullahi Sule, has commended Ogun State Governor, Prince Dapo Abiodun for his giant strides in road construction and infrastructure development in the last four and a half years of his administration. Sule, who gave the commendation on Monday when he paid a courtesy call on Governor Abiodun at the Governor’s Office, […]
Investment researchers at Bancorp Securities Limited, one of Nigeria’s investment research and consulting services providers, have projected a sustained bullish price correction momentum in the Nigerian Exchange (NGX) this week as investors brace up for investment earnings from expected dividend declarations. The researchers, in the firm’s ‘Weekly Stock Recommendation for Feb. 05 – Feb. 09, […]
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Monday said that about $2.4 billion foreign exchange (FX) backlog was not valid for settlement by the Federal Government. Cardoso, in an exclusive interview with Arise Television, clarified that out of the initially reported $7 billion FX liabilities of the Federal Government, […]
Standard and Poor’s (S&P), a global rating agency, at the weekend affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings for Nigeria. The leading ratings agency in a statement on Friday, also affirmed its ‘ngBBB+/ngA-2’ long- and short-term Nigeria national scale ratings, stating that “the outlook is stable.” It stated: “The […]