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Despite the Central bank of Nigeria (CBN) order, directing commercial banks to begin the dispensing of the new naira notes to customers over the counter, Nigerians are still groan under severe hardship in their to get the new currency as few banks pay pantry sum of the currency. The CBN Governor, Goodwin Emefiele in issuing…
December 20, 2022
After much legal fireworks, lasting over seven years, the National Industrial Court, Lagos Division, has finally granted an order compelling the Bank of Industry (BOI) Limited to reinstate Mr Sonny Ekedayen as the Assistant General Manager of the bank with immediate effect. Hon. Justice R. H. Gwandu in his ruling also ordered that BOI pay…
December 13, 2022
President Muhammadu Buhari on Tuesday, flagged off the commercial production of crude oil and gas from the Kolmani Integrated Development Project, the first of its kind in Nigeria’s North. Located along th2e fields of Gombe and Bauchi, the Kolmani project, with Oil Prospecting Licence 809 and 810, lies in the Gongola Basin of the Upper…
November 23, 2022
18 out of 20 entities sponsoring the UN Climate Change Conference COP27 directly supported or partnered with the fossil fuel industry, according to an analysis by Corporate European Observatory (CEO) and Corporate Accountability. The revelation comes on the heels of investigation by Global Witness that a total of 636 fossil fuel lobbyists were accredited to…
November 18, 2022
-- As Naira Plunges Again After Last Week's Gains The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has made a projection that the US dollar might drop to N200 after the redesigning of naira. He said, “The law says the redesigning of Naira notes should be done every eight years but…
November 17, 2022
OPEC has cut its oil demand growth forecast yet again, the fifth such reduction since April. The group cited significant economic uncertainty and China’s zero-Covid policy as the two key factors driving demand lower. In 2023, OPEC believes economic risks are skewed to the downside but that the resolution of Russia’s war in Ukraine could…
November 15, 2022
Nigeria President Muhammadu Buhari has declared that his government will not go back on the planned redesign of N1,000, N500 and N200 notes by the apex bank, the Central Bank of Nigeria (CBN). The President, who spoke in London, the United Kingdom on Wednesday evening shortly after meeting with King Charles 111 at the Buckingham…
November 11, 2022
With the global climate crisis driving action and investment towards energy transition initiatives, Nigerian government and energy stakeholders have been urged to evolve new technologies, strategies and an eco-friendly regulatory environment to stand a good chance of tapping into the avalanche of opportunities in more sustainable energy sources. This much was said by the President…
November 10, 2022
Climate activists in Africa have described the new Africa Carbon Markets Initiative (ACMI) launched at the COP27 in Sharm El-Sheikh, Egypt on November 8 as a further distraction from the real solution to climate change. The ACMI has a 13-member steering committee of African leaders, CEOs, and carbon credit experts, who believe the initiative will…
November 9, 2022
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Despite the Central bank of Nigeria (CBN) order, directing commercial banks to begin the dispensing of the new naira notes to customers over the counter, Nigerians are still groan under severe hardship in their to get the new currency as few banks pay pantry sum of the currency. The CBN Governor, Goodwin Emefiele in issuing…
December 20, 2022
After much legal fireworks, lasting over seven years, the National Industrial Court, Lagos Division, has finally granted an order compelling the Bank of Industry (BOI) Limited to reinstate Mr Sonny Ekedayen as the Assistant General Manager of the bank with immediate effect. Hon. Justice R. H. Gwandu in his ruling also ordered that BOI pay…
December 13, 2022
President Muhammadu Buhari on Tuesday, flagged off the commercial production of crude oil and gas from the Kolmani Integrated Development Project, the first of its kind in Nigeria’s North. Located along th2e fields of Gombe and Bauchi, the Kolmani project, with Oil Prospecting Licence 809 and 810, lies in the Gongola Basin of the Upper…
November 23, 2022
18 out of 20 entities sponsoring the UN Climate Change Conference COP27 directly supported or partnered with the fossil fuel industry, according to an analysis by Corporate European Observatory (CEO) and Corporate Accountability. The revelation comes on the heels of investigation by Global Witness that a total of 636 fossil fuel lobbyists were accredited to…
November 18, 2022
-- As Naira Plunges Again After Last Week's Gains The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has made a projection that the US dollar might drop to N200 after the redesigning of naira. He said, “The law says the redesigning of Naira notes should be done every eight years but…
November 17, 2022
OPEC has cut its oil demand growth forecast yet again, the fifth such reduction since April. The group cited significant economic uncertainty and China’s zero-Covid policy as the two key factors driving demand lower. In 2023, OPEC believes economic risks are skewed to the downside but that the resolution of Russia’s war in Ukraine could…
November 15, 2022
Nigeria President Muhammadu Buhari has declared that his government will not go back on the planned redesign of N1,000, N500 and N200 notes by the apex bank, the Central Bank of Nigeria (CBN). The President, who spoke in London, the United Kingdom on Wednesday evening shortly after meeting with King Charles 111 at the Buckingham…
November 11, 2022
With the global climate crisis driving action and investment towards energy transition initiatives, Nigerian government and energy stakeholders have been urged to evolve new technologies, strategies and an eco-friendly regulatory environment to stand a good chance of tapping into the avalanche of opportunities in more sustainable energy sources. This much was said by the President…
November 10, 2022
Climate activists in Africa have described the new Africa Carbon Markets Initiative (ACMI) launched at the COP27 in Sharm El-Sheikh, Egypt on November 8 as a further distraction from the real solution to climate change. The ACMI has a 13-member steering committee of African leaders, CEOs, and carbon credit experts, who believe the initiative will…
November 9, 2022
