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President Muhammadu Buhari is set to present the budget estimates for the 2022 fiscal year before a joint session of the National Assembly on Thursday. This was disclosed in a letter dated October 4, 2021, addressed to the President of the Senate, Dr. Ahmad Lawan and read out by the Deputy Senate President, Senator Ovie…
October 6, 2021
Apologises as company's shares fall by 5.5% in one day ...Zuckerberg loses $7bn to outage Social media giant, Facebook has been offering explanation as to why its operations were shut down on Monday, grinding global economy to the tune of $160m per hour, according to NetBlocks, a firm tracking internet outages around the world. In…
October 5, 2021
President Muhammadu Buhari, in the week under review, has directed key government and security agencies to find lasting solution to the disruptive and unpatriotic activities of middlemen and hoarders of food items. The News Agency of Nigeria (NAN) reports that the president’s directive contained in Friday’s broadcast to mark Nigeria’s 61st Independence Anniversary, was aimed…
October 3, 2021
Former Governor of Central Bank of Nigeria (CBN) and immediate past Emir of Kano, HRH Muhammadu Sanusi II, has said Nigeria is investing its scarce resources to subsidize Premium Motor Spirit (PMS) otherwise known as petrol that never arrived at the country’s shores. The former CBN governor described the controversial fuel subsidy regime as a…
October 1, 2021
The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by apex bank’s Director of Communications, Mr Osita Nwanisobi, said that the launch, which was earlier scheduled for Oct. 1, was postponed due to other activities lined up to commemorate the country’s 61st independence…
October 1, 2021
...Some options traders are betting that oil prices could jump to $200 a barrel by the end of next year. ...Call options at Brent at $200 a barrel for December 2022 traded 1,300 times on Wednesday. Some options traders are betting that oil prices could jump to $200 a barrel by the end of next…
October 1, 2021
The House of Representatives Committee on Host Communities has disclosed that it will ensure the full implementation of 13% derivation principle in revenue sharing for the oil producing States. This was revealed by the Chaiman of the House Committee, Hon. Dunamene Deakor at an interractive and investigative meeting of the committee with the top management…
September 30, 2021
The Senate has kickstarted move to ensure the relocation of the operational bases of the oil and companies in Nigeria to Niger Delta. This was followed by a motion submitted by Senator Albert Akpan who represents Akwa Ibom North-east Senatorial district. The motion which was sponsored by Akpan and co-sponspored by 23 other lawmakers is…
September 28, 2021
Deal Still At Paperwork Stage, Energy Consumer Network Laments There are growing concerns over the stalled Power Project Initiative contract signed between the federal government of Nigeria and Siemens AG by stakeholders in the nation's power sector. German Chancellor, Angela Merkel had tapped Siemens to help Nigeria develop a roadmap “to resolve existing challenges in…
September 23, 2021
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President Muhammadu Buhari is set to present the budget estimates for the 2022 fiscal year before a joint session of the National Assembly on Thursday. This was disclosed in a letter dated October 4, 2021, addressed to the President of the Senate, Dr. Ahmad Lawan and read out by the Deputy Senate President, Senator Ovie…
October 6, 2021
Apologises as company's shares fall by 5.5% in one day ...Zuckerberg loses $7bn to outage Social media giant, Facebook has been offering explanation as to why its operations were shut down on Monday, grinding global economy to the tune of $160m per hour, according to NetBlocks, a firm tracking internet outages around the world. In…
October 5, 2021
President Muhammadu Buhari, in the week under review, has directed key government and security agencies to find lasting solution to the disruptive and unpatriotic activities of middlemen and hoarders of food items. The News Agency of Nigeria (NAN) reports that the president’s directive contained in Friday’s broadcast to mark Nigeria’s 61st Independence Anniversary, was aimed…
October 3, 2021
Former Governor of Central Bank of Nigeria (CBN) and immediate past Emir of Kano, HRH Muhammadu Sanusi II, has said Nigeria is investing its scarce resources to subsidize Premium Motor Spirit (PMS) otherwise known as petrol that never arrived at the country’s shores. The former CBN governor described the controversial fuel subsidy regime as a…
October 1, 2021
The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by apex bank’s Director of Communications, Mr Osita Nwanisobi, said that the launch, which was earlier scheduled for Oct. 1, was postponed due to other activities lined up to commemorate the country’s 61st independence…
October 1, 2021
...Some options traders are betting that oil prices could jump to $200 a barrel by the end of next year. ...Call options at Brent at $200 a barrel for December 2022 traded 1,300 times on Wednesday. Some options traders are betting that oil prices could jump to $200 a barrel by the end of next…
October 1, 2021
The House of Representatives Committee on Host Communities has disclosed that it will ensure the full implementation of 13% derivation principle in revenue sharing for the oil producing States. This was revealed by the Chaiman of the House Committee, Hon. Dunamene Deakor at an interractive and investigative meeting of the committee with the top management…
September 30, 2021
The Senate has kickstarted move to ensure the relocation of the operational bases of the oil and companies in Nigeria to Niger Delta. This was followed by a motion submitted by Senator Albert Akpan who represents Akwa Ibom North-east Senatorial district. The motion which was sponsored by Akpan and co-sponspored by 23 other lawmakers is…
September 28, 2021
Deal Still At Paperwork Stage, Energy Consumer Network Laments There are growing concerns over the stalled Power Project Initiative contract signed between the federal government of Nigeria and Siemens AG by stakeholders in the nation's power sector. German Chancellor, Angela Merkel had tapped Siemens to help Nigeria develop a roadmap “to resolve existing challenges in…
September 23, 2021
