Tinubu’s Advisory Council Recommends Raise In Capital Requirements of BDCs Operators
If this recommendation is implemented, many BDC operators may be forced to shutdown.
Goldman Sachs: Naira Devaluation Not Sufficient Condition for Exchange Rates Unification, Wants Clarity on FX Restrictions
It said $12bn is needed to clear FX backlog as currency unification jerks public debt to N82 trillion.
Oil Marketers Demand Full Payment for Outstanding Petrol Equalisation Arrears
They said the price of a 45,000-litre truck jumped from N7m to N25m and insist no funds for new stock without debt settlement.
Shell Confirms Fresh Spill on Oil Facility in Eleme
A Shell spokesperson disclosed that the Joint Venture and other stakeholders have commenced investigation to unravel the cause of the incident.
Energy Transition: Experts Urge Government To Address Constraints To Private Sector Participation in E-Mobility Space
They also projected that Nigeria would need over $250bn annual investment in the transport sector to meet the Sustainable Development Goals.
Nigeria’s Inflation Rate Rises To 22.41% Amid Fuel Subsidy Removal
This is the fifth consecutive rise in the Nigeria’s inflation rate in the year 2023.
Meta Faces Kenya Legal Offensive By Content Moderators
A South African initially complained about “inhumane” working conditions, deceptive hiring practises and irregular and inadequate pay.
Subsidy Removal: Petrol Price War Imminent in Nigeria as NMDPRA Begins Licensing Of More Oil Importers
Ahmed stated that since the market had been deregulated, marketers could begin to source for FX where it is available without resorting to the government.
Vodafone, Three to Merge UK Mobile Phone Operations to Capitalize on 5G Rollout
The tie-up of Vodafone U.K. and Three U.K., which is owned by Hong Kong’s CK Hutchison, would create Britain’s biggest mobile phone player, with a combined 27 million customers.
Allen Onyema: President Tinubu Should Dissolve The Charade Called Nigeria Air
He condemned the shareholding of Nigeria Air and said that even though the Ethiopians have 49% of the shareholding, they are not bringing any penny into the country.
Naira Hits N755/$ At I&E Window As CBN Directs Banks To Trade Freely
The market rate is said to be a “willing buyer, willing seller” arrangement.
Two Weeks After Controversial Nigeria Air Unveil, Ethiopian Airlines Board Chairman Steps Down
He has been replaced by Lieutenant General Yilma Merdasa, commander of the Ethiopian Air Force.
Nigeria Accepts WTO Agreement on Fisheries Subsidies
It urged other countries to follow suit as Okonjo-Iweala warns against fragmentation of the world trading system.
Wale Edun: Nigeria Will Unify Exchange Rates Within 3 Months
Just 15 days into the job, Tinubu has pulled the right levers for markets: ridding the country of a costly fuel subsidy, removing a controversial central bank governor, and promising to unify a web of varying exchange rates.
Air Peace: Sirika Lied, We Have Capacity and Bought Three 777s Outright
It said Sirika’s comments came as a shock and goes to show how much the minister seeks to reduce the airline.
ExxonMobil Appoints Adesua Dozie Vice-Chairman of Nigerian Affiliates
Until her appointment, she was an Executive Director and General Counsel for Mobil Producing Nigeria Unlimited and Esso Exploration and Production Nigeria Limited.
China Struggles With Weak Post-COVID Economic Recovery
China’s economy rebounded at the start of 2023, but after a good first quarter, factory output and consumer spending are weakening.
SEC Declares Binance Operations in Nigeria Illegal
“Any member of the investing public dealing with the entity is doing so at his/her own risk.”
Tinubu’s Policy Advisory Council Proposes Sale of NNPC’s Stake in Oil and Gas Assets
They also seek the merger of the NUPRC, NMDPRA and NCDMB.
Nigerias Target of 6% Annual GDP Growth Not Feasible, KPMG Says
It continued that it is overly ambitious amid very limited space for such progress
