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The Debt Management Office says Nigeria needs to earn higher revenue and manage its debt profile more efficiently. The Director-General, Patience Oniha made the declaration in Abuja on Wednesday when she spoke with the News Agency of Nigeria. Oniha said: “How much revenue is Nigeria generating? “Statistics show that relative to other countries, Nigeria’s revenue…
August 25, 2022
The fortune of Nigerian banking tycoon Tony Elumelu took a massive dent of N4.4bn ($10.4m) in 27 weeks following a decline in the market value of his stake in the United Bank for Africa (UBA). In the first six weeks of 2022, the banking Czar recorded more than $4.5 million before his stakes in the…
August 22, 2022
Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day. The metal will harden otherwise, wrecking the tank where steel parts are…
August 21, 2022
The National Broadcasting Commission (NBC), has extended the withdrawal notice given to the 52 broadcast stations to renew their operating licenses by three (3) days, following the intervention of the Nigerian chapter of the International Press Institute, (IPI). IPI Nigeria President, Musikilu Mojeed, in a statement, Saturday, disclosed the new development. According to him, “We…
August 20, 2022
A Norwegian 3 million-barrel-capacity tanker, named MT HEROIC -- with stolen Nigerian crude has been arrested, further giving credence to claims and prior revelations that a major oil theft is going on in Nigeria. On Wednesday, the Nigerian Navy confirmed the arrest of the foreign supertanker in Equatorial Guinea after it fled Nigeria’s AKPO oilfield.…
August 19, 2022
The International Air Transport Association (IATA), Thursday, said that failure to repatriate the $464 million (about N199.2 billion) airlines' funds blocked by the Federal Government, (FG) will harm Nigeria's economy, if not released on time. IATA in a series of tweets on its official Twitter handles @IATA, said this will hurt Nigeria with reduced air…
August 19, 2022
Crude prices opened lower on Friday morning as recession fears persist. As of 9:00 a.m. ET on Friday, WTI Crude was trading below the $90 a barrel mark. Both benchmarks were on track for a weekly loss of over 3.5%. After two days of gains, oil prices turned lower early on Friday, weighed down by…
August 19, 2022
The common, and perhaps, popular narrative for political, baleful and pernicious reasons, is for people to say that the Muhammadu Buhari administration has run down the economy of the country completely since its advent in 2015. The fact that the global economy is spiraling out of control with inflation, stagflation, recession and depression staring hitherto…
August 19, 2022
Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone as from next week, Nigeria's apex bank has said. This was made known by the Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the Grand Finale of the 2022 eNaira Hackathon in…
August 19, 2022
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The Debt Management Office says Nigeria needs to earn higher revenue and manage its debt profile more efficiently. The Director-General, Patience Oniha made the declaration in Abuja on Wednesday when she spoke with the News Agency of Nigeria. Oniha said: “How much revenue is Nigeria generating? “Statistics show that relative to other countries, Nigeria’s revenue…
August 25, 2022
The fortune of Nigerian banking tycoon Tony Elumelu took a massive dent of N4.4bn ($10.4m) in 27 weeks following a decline in the market value of his stake in the United Bank for Africa (UBA). In the first six weeks of 2022, the banking Czar recorded more than $4.5 million before his stakes in the…
August 22, 2022
Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day. The metal will harden otherwise, wrecking the tank where steel parts are…
August 21, 2022
The National Broadcasting Commission (NBC), has extended the withdrawal notice given to the 52 broadcast stations to renew their operating licenses by three (3) days, following the intervention of the Nigerian chapter of the International Press Institute, (IPI). IPI Nigeria President, Musikilu Mojeed, in a statement, Saturday, disclosed the new development. According to him, “We…
August 20, 2022
A Norwegian 3 million-barrel-capacity tanker, named MT HEROIC -- with stolen Nigerian crude has been arrested, further giving credence to claims and prior revelations that a major oil theft is going on in Nigeria. On Wednesday, the Nigerian Navy confirmed the arrest of the foreign supertanker in Equatorial Guinea after it fled Nigeria’s AKPO oilfield.…
August 19, 2022
The International Air Transport Association (IATA), Thursday, said that failure to repatriate the $464 million (about N199.2 billion) airlines' funds blocked by the Federal Government, (FG) will harm Nigeria's economy, if not released on time. IATA in a series of tweets on its official Twitter handles @IATA, said this will hurt Nigeria with reduced air…
August 19, 2022
Crude prices opened lower on Friday morning as recession fears persist. As of 9:00 a.m. ET on Friday, WTI Crude was trading below the $90 a barrel mark. Both benchmarks were on track for a weekly loss of over 3.5%. After two days of gains, oil prices turned lower early on Friday, weighed down by…
August 19, 2022
The common, and perhaps, popular narrative for political, baleful and pernicious reasons, is for people to say that the Muhammadu Buhari administration has run down the economy of the country completely since its advent in 2015. The fact that the global economy is spiraling out of control with inflation, stagflation, recession and depression staring hitherto…
August 19, 2022
Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone as from next week, Nigeria's apex bank has said. This was made known by the Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the Grand Finale of the 2022 eNaira Hackathon in…
August 19, 2022
