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
Polaris Bank Appoints 2 New Executive Directors
Chinwe Iloghalu joins the bank as Executive Director, Lagos and Corporate Banking, while Martins Izuogbe joins the bank as Executive Director, Service and Technology.
Why Commonwealth University Conferred Honourary Doctorate on Propetrol CEO Ebohon
He has guided his oil and gas firm to exponential growth through some of Nigeria’s toughest economic times.
ExxonMobil President Visits Tinubu Amid Lingering Stalemate over $1.3bn Oil Assets Sale
Tinubu said it was part of his efforts to ensure collaboration among all stakeholders in the oil and gas sector.
Telecoms Sector Contributed N2.508tn to GDP in Q1 2023
One of the key contributions to this was the generation of $820.8 million for the federal government from 5G spectrum licences fees.
Akinjole: Nigeria Air Failed Due To Secrecy, Lack of Transparency
He suggested that the Nigeria Air project be suspended, and government should focus on creating a better environment for private airlines to thrive.
Nigeria’s Petroleum Marketers Support Tinubu’s Move To End Subsidy Regime
They promised to donate 100 Compressed Natural Gas-compliant buses for mass transportation.
Uber, Bolt Drivers Go On Strike in Nigeria, Call For 200% Increment In Fares
The union also demanded a 50% decrease in commission.
Petrol Subsidy Removal: KPMG Report Predicts 30% Inflation Rate, Seeks Cushioning Measures
It however projected that inflation rate would decline from 2024
Dangote Emerges Most Admired Africa Brand for Sixth Consecutive Time
MTN came in second, with DSTV coming in third.
Vision Pro: Apple Unveils New $3,499 Augmented Reality Headset Unveiled
Apple CEO Tim Cook said the new headset “seamlessly blends the real world and the virtual world”.
Nigeria Agrees to Cut Oil Production To Stabilise Crude Supply Market
The Nigerian delegation said it was confident that the ongoing security intervention under the leadership of President Tinubu will enable the restoration of the country’s production.
Oil Prices Rise As Saudi Arabia Pledges Output Cuts
Other members of OPEC+ also agreed to continued cuts in production in an attempt to shore up flagging prices.
IATA: Foreign Airlines’ Trapped Funds in Nigeria Has Risen to $812m
The world body urged governments to abide by international agreements and treaties to enable airlines repatriate funds.
NNPC Ends Crude Swap Contracts with Foreign Refiners
“In the last four months we practically terminated all DSDP contracts. And we now have an arm’s-length process where we can pay cash for the imports.”
IPMAN: For Subsidy Removal to Make Sense, FG Must Break NNPC’s Monopoly on Importation
They urged Tinubu to ensure that other downstream sector players, are allowed to partake in the importation of petrol into Nigeria.
With Oil Prices Slumping, OPEC+ Producers Weigh More Production Cuts
The slumping prices have been a boon to drivers and helped ease inflation worldwide.
NNPC: Subsidy Removal to Reduce Nigeria’s Petrol Consumption Figures By 30%
The current figure is estimated at 66 to 70 million litres per day but it’s believed a substantial amount of the imported product is smuggled out of the country.
