The Nigerian Senate has launched an investigation into the utilization of N10 billion in restructuring funds allocated to the Nigerian Postal Service (NIPOST) by the…
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Category: Business
Bitcoin experiences a noteworthy surge, surpassing $45,000 for the first time since April 2022
marking an optimistic start to the New Year. The surge is attributed to the hopeful prospects of licensing exchange-traded spot bitcoin funds. This surge follows…
View More Bitcoin experiences a noteworthy surge, surpassing $45,000 for the first time since April 2022
Dangote Refinery Receives Additional One Million Barrels of Crude Oil
On Monday, the Dangote Petroleum Refinery welcomed its fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum…
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Port Harcourt Refinery Initiates Test-Run; Supply to 12 States Imminent
The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the supply of crude oil for the test-run of the Port Harcourt Refining Company Limited,…
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Industrialists and Parents Express Concern as Naira Closes 2023 at 907/$
The devaluation of the naira against the dollar and other major currencies is causing distress among industrialists and parents, particularly those funding international travels and…
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World Bank Grants $5.6m Loan to Finance Ministry for Procurement of Office Essentials
The Home Finance Department of the Ministry of Finance, Budget, and National Planning has secured a $5.6 million loan from the World Bank for the…
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SERAP Takes Legal Action Against NNPC for Withholding Oil Revenue Details
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) for its alleged failure to disclose information…
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Nigeria’s Crude Oil Revenue Plunges by N289.6bn Amid Output Decline
In November 2023, Nigeria experienced a significant decline in crude oil output, resulting in a loss of approximately N289.6 billion in oil revenue. According to…
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Nigeria Reverses Cryptocurrency Ban, CBN Urges Compliance with New Guidelines
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions, reversing its earlier restriction on crypto assets and instructing banks to disregard…
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Presidency Announces Participating Companies in 50% Inter-State Transport Fare Reduction
President Bola Tinubu has approved a 50% reduction in inter-state transport fares and free train rides for Nigerians from December 21, 2023, to January 4,…
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