In a statement released on Sunday, the Presidency dismissed former Vice-President Atiku Abubakar’s attempt to criticize the government’s foreign exchange policy, asserting that it had failed to gain traction. The Presidency highlighted that the Central Bank of Nigeria (CBN) is actively implementing measures to stabilize the Naira. Atiku Abubakar recently […]
Economy
To stem the tide of illegal oil theft and economic sabotage plaguing Nigeria, the Nigeria Police Force (NPF) has ramped up collaboration with private security contractors (PSCs) engaged by the Nigeria National Petroleum Company Limited (NNPCL), notably Tantita Security Services. This collaborative approach, which also involves the military and other […]
FBNQuest, the investment banking and asset management arm of FBN Holdings Plc, has released its latest Economic Outlook Report forecasting Nigeria’s Gross Domestic Product (GDP) to grow by 3.1% in 2024. The report, which offers insights into the macro economy, socio-political landscape and capital market trends, provides a comprehensive analysis […]
The Dangote Refinery, which is the Africa’s largest petroleum refinery, has taken a bold step towards profitability by announcing plans to export its first two fuel cargoes. The news came after much anticipation from Nigerians who have been eagerly waiting for the refinery’s contribution to the Nigeria’s economy since its […]
A gathering of Civil Society Organizations (CSOs) and media representatives took place in Lagos on Monday, February 5, 2024, in a concerted effort to confront the mounting challenges confronting the Economic Community of West African States (ECOWAS). Spearheaded by leading organizations such as the West African Civil Society Forum (WACSOF), […]
The management of TechLife Media & Communications is set to host the IDEA DINNER, bringing together Chief Executive Officers to engage in dialogue concerning the challenges within the telecommunications, IT, and the broader digital economy landscape. Ugochi Emmanuel, the Project Coordinator, announced in a statement that Engr Gbenga Adebayo, the […]
Residents of Kuro Village in Moro Local Government Area of Kwara State are celebrating a significant milestone as they bid farewell to over a century of struggling to fetch water from distant streams. The cause for their joy is a solar-powered borehole generously provided by the LG-Rhythms Foundation. The unveiling […]
In recognition of her landmark achievements in the advancement of data privacy and protection, Nigeria has been admitted as a member of the Global Privacy Assembly (GPA) The Nigeria Data Protection Bill assented to by HE President Bola Ahmed Tinubu, GCFR, was a major consideration in accrediting Nigeria as a […]
President Bola Tinubu has approved the appointment of new and returning Chief Executives to fresh terms in office across multiple agencies under the Federal Ministry of Communications, Innovation, and Digital Economy: (1) EVC / CEO, Nigerian Communications Commission (NCC) — Aminu Maida (2) MD / CEO, Nigerian Communications Satellite Limited […]
On Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) conducted a thorough examination of the production statistics of its member states and their allies. This evaluation became imperative as oil prices experienced a significant decline, plummeting by 8% to $89.36 per barrel, compared to the previous week’s figure of […]