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From Segun Amure, (The New Diplomat's Abuja Bureau) Nigeria's Vice President, Prof. Yemi Osinbajo has called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to come up with regulations for cryptocurrency operations in the country. Osinbajo who spoke at the CBN Bankers’ Forum on Friday, noted that the ban…
February 26, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The National Bureau of Statistics, (NBS) in its January monthly report revealed Nigerians paid more for fuel in January 2021 due to the 12.88% increase in the price of premium motor spirit (petrol). The report chronicled how the price of premium motor spirit increased by 12.88% and…
February 25, 2021
By Abiola Olawale Environmental Rights Action (ERA) has raised alarm over the continuous flaring of gas by Agip facility -- a Flow Station located in Ogboinbiri, a community in Apoi clan of Bayelsa State, adding that flaring of gas has become life-threatening to residents in the area. According to ERA, air in Ogboinbiri community…
February 23, 2021
By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk) A 34 per cent surge in its asset base in 2020, has lifted Zenith Bank Plc’s value from N6.347 trillion to N8.481 trillion in one year, its audited financial statements showed on Tuesday. This makes it Nigeria’s biggest bank by asset. However, Zenith…
February 23, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) Jeff Bezos regained the world richest man title after Elon Musk's Tesla Inc shares slid 8.6%, wiping out $15.2 billion from his net worth. According to Bloomberg, Tesla’s biggest loss came as a result of Musk’s comments over the weekend that the prices of Bitcoin and smaller…
February 23, 2021
By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability Plan (ESP) approved by the federal government, Mr. Laolu Akande, Senior Special Assistant to the President on Media and Publicity in the Office of the Vice President has said. Akande…
February 23, 2021
By Dotun Akintomide The Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading. Recall 2 million barrels of crude deficit between 2016 and 2018 reported at the Bonny terminal operated by SPDC has resulted in a dispute among several oil firms that…
February 20, 2021
The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and National Planning, said this was made known in a communique issued at the end of virtual conference of FAAC on Thursday. The committee in its…
February 19, 2021
Daily Oil Production Slumped To 1.56mbpd in 4th Quarter Economy Shrank By 1.92% In 2020 Nigeria’s economy emerged from recession in the fourth quarter of 2020, posting a Gross Domestic Product (GDP) growth of 0.11% after staying below the waters in the two previous quarters of last year. Recall Nigeria officially slipped into its worst…
February 18, 2021
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From Segun Amure, (The New Diplomat's Abuja Bureau) Nigeria's Vice President, Prof. Yemi Osinbajo has called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to come up with regulations for cryptocurrency operations in the country. Osinbajo who spoke at the CBN Bankers’ Forum on Friday, noted that the ban…
February 26, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The National Bureau of Statistics, (NBS) in its January monthly report revealed Nigerians paid more for fuel in January 2021 due to the 12.88% increase in the price of premium motor spirit (petrol). The report chronicled how the price of premium motor spirit increased by 12.88% and…
February 25, 2021
By Abiola Olawale Environmental Rights Action (ERA) has raised alarm over the continuous flaring of gas by Agip facility -- a Flow Station located in Ogboinbiri, a community in Apoi clan of Bayelsa State, adding that flaring of gas has become life-threatening to residents in the area. According to ERA, air in Ogboinbiri community…
February 23, 2021
By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk) A 34 per cent surge in its asset base in 2020, has lifted Zenith Bank Plc’s value from N6.347 trillion to N8.481 trillion in one year, its audited financial statements showed on Tuesday. This makes it Nigeria’s biggest bank by asset. However, Zenith…
February 23, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) Jeff Bezos regained the world richest man title after Elon Musk's Tesla Inc shares slid 8.6%, wiping out $15.2 billion from his net worth. According to Bloomberg, Tesla’s biggest loss came as a result of Musk’s comments over the weekend that the prices of Bitcoin and smaller…
February 23, 2021
By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability Plan (ESP) approved by the federal government, Mr. Laolu Akande, Senior Special Assistant to the President on Media and Publicity in the Office of the Vice President has said. Akande…
February 23, 2021
By Dotun Akintomide The Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading. Recall 2 million barrels of crude deficit between 2016 and 2018 reported at the Bonny terminal operated by SPDC has resulted in a dispute among several oil firms that…
February 20, 2021
The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and National Planning, said this was made known in a communique issued at the end of virtual conference of FAAC on Thursday. The committee in its…
February 19, 2021
Daily Oil Production Slumped To 1.56mbpd in 4th Quarter Economy Shrank By 1.92% In 2020 Nigeria’s economy emerged from recession in the fourth quarter of 2020, posting a Gross Domestic Product (GDP) growth of 0.11% after staying below the waters in the two previous quarters of last year. Recall Nigeria officially slipped into its worst…
February 18, 2021
