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From Segun Amure, (The New Diplomat's Abuja Bureau) The Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele and the Director General, Security and Exchange Commission (SEC), Lamido Yuguda, have been summoned by the Senate over the ban on cryptocurrency transactions in Nigeria. The lawmakers' decision followed a motion moved by Senator Istifanus Gyang…
February 12, 2021
From Ameachi Prosper (The New Diplomat's Delta Correspondent) The United States Government has been urged to encourage ExxonMobil to relocate its headquarters to Akwa-Ibom State as a way of encouraging other international oil companies to follow suit. The state Deputy Governor, Moses Ekpo, made the appeal when the Chief of Political and Economic Affairs of…
February 10, 2021
From Ameachi Prosper (The New Diplomat's Delta State Correspondent) The licence of the Bayelsa State-owned Atala Marginal Oilfield (OML 46) was revoked due to its prolonged dormancy. The Minister of State for Petroleum Resources, Chief Timipre Sylva, who disclosed this at a meeting with stakeholders, chiefs and youths organised by his ministry in conjunction with…
February 10, 2021
Lagos State may be losing as much as N4 trillion annually to traffic congestion that has become a permanent feature of the state. A report by a Lagos-based research institute, Danne Institute for Research entitled “Connectivity and Productivity Report” disclosed this on Tuesday. The loss, according to the Institute, was an estimate of 14.12 million…
February 10, 2021
CACOVID: No individual or company can directly purchase vaccines BUA Group Replies: Your Statement 'petty'... You're 'playing politics with Nigerian lives' By Abiola Olawale The Coalition Against COVID-19 (CACOVID) and BUA group of companies are currently engaging in a war of wits over claims by the latter that it has singlehandedly purchased one million doses…
February 9, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The BUA group of companies on Monday disclosed it has purchased one million doses of AstraZeneca Covid-19 vaccine for Nigeria. Expected to be delivered next week, the vaccines will be the first delivery to Nigeria since they became available. According to BUA, the vaccine will be distributed…
February 9, 2021
Bitoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT, before cooling slightly to $42,352. The cryptocurrency is up around 50 percent since the start of the year.
February 8, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) 9mobile, a telecommunication company, on Monday, unveiled registration centres to enroll its subscribers for the National Identification Number (NIN) in Lagos and Abuja. This was contained in a statement released by its Chief Commercial Officer, Stjepan Udovicic who affirmed that the development was in line with the…
February 8, 2021
Agency Report -- Oil producers such as Nigeria and oil companies are at the threshold of another era of oil boom as prices are expected to go higher and higher in the next two to three years. In a sign of what is to come, oil prices rose on Monday to their highest in just…
February 8, 2021
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From Segun Amure, (The New Diplomat's Abuja Bureau) The Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele and the Director General, Security and Exchange Commission (SEC), Lamido Yuguda, have been summoned by the Senate over the ban on cryptocurrency transactions in Nigeria. The lawmakers' decision followed a motion moved by Senator Istifanus Gyang…
February 12, 2021
From Ameachi Prosper (The New Diplomat's Delta Correspondent) The United States Government has been urged to encourage ExxonMobil to relocate its headquarters to Akwa-Ibom State as a way of encouraging other international oil companies to follow suit. The state Deputy Governor, Moses Ekpo, made the appeal when the Chief of Political and Economic Affairs of…
February 10, 2021
From Ameachi Prosper (The New Diplomat's Delta State Correspondent) The licence of the Bayelsa State-owned Atala Marginal Oilfield (OML 46) was revoked due to its prolonged dormancy. The Minister of State for Petroleum Resources, Chief Timipre Sylva, who disclosed this at a meeting with stakeholders, chiefs and youths organised by his ministry in conjunction with…
February 10, 2021
Lagos State may be losing as much as N4 trillion annually to traffic congestion that has become a permanent feature of the state. A report by a Lagos-based research institute, Danne Institute for Research entitled “Connectivity and Productivity Report” disclosed this on Tuesday. The loss, according to the Institute, was an estimate of 14.12 million…
February 10, 2021
CACOVID: No individual or company can directly purchase vaccines BUA Group Replies: Your Statement 'petty'... You're 'playing politics with Nigerian lives' By Abiola Olawale The Coalition Against COVID-19 (CACOVID) and BUA group of companies are currently engaging in a war of wits over claims by the latter that it has singlehandedly purchased one million doses…
February 9, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The BUA group of companies on Monday disclosed it has purchased one million doses of AstraZeneca Covid-19 vaccine for Nigeria. Expected to be delivered next week, the vaccines will be the first delivery to Nigeria since they became available. According to BUA, the vaccine will be distributed…
February 9, 2021
Bitoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT, before cooling slightly to $42,352. The cryptocurrency is up around 50 percent since the start of the year.
February 8, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) 9mobile, a telecommunication company, on Monday, unveiled registration centres to enroll its subscribers for the National Identification Number (NIN) in Lagos and Abuja. This was contained in a statement released by its Chief Commercial Officer, Stjepan Udovicic who affirmed that the development was in line with the…
February 8, 2021
Agency Report -- Oil producers such as Nigeria and oil companies are at the threshold of another era of oil boom as prices are expected to go higher and higher in the next two to three years. In a sign of what is to come, oil prices rose on Monday to their highest in just…
February 8, 2021
