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Business

Crude Oil Pipelines

Crude Oil Soars as OPEC+ Hopes to Extend Voluntary Output Cuts

February 28, 2024
By Adedapo Adesanya  Crude oil grew on Tuesday as the Organisation of the Petroleum Exporting Countries, and its allies (OPEC+) are considering extending voluntary output cuts into the second quarter to provide additional support. This information caused the price of Brent crude to gain 99 cents or 1.2 per cent to sell at $83.52 a barrel, as the price of the
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paying remittances in Naira

Naira Loses N33 to Trade at N1,615/$1 at Official Market

February 28, 2024
By Dipo Olowookere It was a bad day for the Naira in the official market, the Nigerian Autonomous Foreign Exchange Market (NAFEM), on Tuesday as its value weakened by N33.00 or 2.09 per cent against the United States Dollar to sell at N1,615.94/$1 compared with the previous day’s N1,582.94/$1. This came on a day the Governor of the Central Bank
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Unlisted Securities Market

Nigeria’s Over-the-Counter Securities Market Down by 1.62%

February 28, 2024
By Dipo Olowookere Selling pressure on a bellwether stock, Aradel Holdings Plc, further sank the NASD over-the-counter (OTC) Securities Exchange by 1.62 per cent on Tuesday. The energy stock, which had maintained an upward posture for some trading session, witnessed profit-taking yesterday like it did a day earlier. During the trading day, its value went down by N129.50 or 5.14
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muda yusuf

CBN Rate Hike Will Disrupt Economic Growth, Investment—CPPE

February 28, 2024
By Aduragbemi Omiyale The hike in the Monetary Policy Rate (MPR) by 4.00 per cent by the Central Bank of Nigeria (CBN) on Tuesday will not bring down inflation as believed, the Centre for the Promotion of Private Enterprise (CPPE) has declared. The chief executive of the organisation, Mr Muda Yusuf, said this is so because the Monetary Policy Committee
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Ali Ndume Senate President

Senate Advocates Introduction of Food Stamps in Nigeria

February 28, 2024
By Adedapo Adesanya The Senate has urged the federal government to introduce the Nigerian version of the “food stamps programme” as an interim intervention to cushion the effects of food shortages in the country. This followed the adoption of a motion on the Introduction of Food Stamps in Nigeria as an Interim Measure to Address Imminent Food Insecurity in the
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Politics

NASENI

NASENI Assures Nigerians More Locally Produced Tech Products

May 10, 2024
By Adedapo Adesanya The National Agency for Science and Engineering Infrastructure (NASENI) has restated its commitment to enhance production of Nigeria’s branded products, technology transfer domestication, commercialisation and stimulation of indigenous socio-economic advancement. Its Executive Vice Chairman, Mr Khalil Halilu, said this while unveiling NASENI’s branded products at the agency’s quarterly media briefing in Abuja. The new products included car
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Travel

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NNPC Reviews JV Funding

By Dipo Olowookere The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to exert energy in exploring oil in the Chad basin. The NNPC said it was also exploring measures to deal with the intractable Cash Call challenges as it said
September 6, 2016

FG Assures Aero Workers Of FG’s Intervention

By Modupe Gbadeyanka Workers of Aero Contractors asked to stay at home due to suspension of the airline’s flight operations have been assured of safety of their jobs. The Federal Government made this promise through the Minister of State for Aviation, Mr
September 6, 2016

BOI Pledges More Funds For Mining Sector

By Modupe Gbadeyanka The mining industry in Nigeria will continue to get more funding support of the Bank of Industry (BOI), the Acting Managing Director of the bank, Mr Waheed Olagunju, has assured. Mr Olagunju, in a statement issued in Abuja, disclosed
September 6, 2016

NCC Releases SIM Data To NIMC

By Dipo Olowookere The Nigerian Communications Commission (NCC) has released data from the ongoing Subscriber Identification Module (SIM) cards registration exercise to the National Identity Management Commission (NIMC). The release is to give a boost to efforts of the Federal Government towards
September 6, 2016

Finance Ministry Trains 50 Unemployed Youths In Nasarawa

By Modupe Gbadeyanka Not less than 50 unemployed graduates in Nasarawa State are undergoing training in career development and entrepreneurship skills to contribute to national development. The programme is on the bill of the Federal Ministry of Finance. The participants would be
September 6, 2016

FG Launches TV Digital Switch October In Abuja

By Dipo Olowookere The Minister of Information and Culture, Alhaji Lai Mohammed, says that the Federal Government will launch TV digital switch in the Federal Capital Territory (FCT) in October 2016. Mr Mohammed gave the assurance when he featured at the News
September 5, 2016

FG Clears N65b Fertiliser Debt,

By Dipo Olowookere The Federal Government has settled a debt of N65 billion owed suppliers of fertilisers from the past administration. Senior Special Assistant on Media and Publicity to President Muhammadu Buhari, Garba Shehu, disclosed on Monday in Abuja that the government
September 5, 2016

Boko Haram: DSS Arrests Wanted Ahmad Salkida

By Dipo Olowookere Security operatives have apprehended the Nigerian journalist, Ahmed Salkida, who was declared wanted along with two others-Ahmed Bolori and Aisha Wakil-by the Nigerian Army over Boko Haram’s latest video. Mr Salkida was picked up on Monday at the Nnamdi
September 5, 2016

No Plan To Hike Pump Price—FG

By Modupe Gbadeyanka The Federal Government has assured Nigerians that it has no intention to increase the price of Premium Motor Spirit (PMS) commonly called petrol as being feared. The assurance was given on Monday in Abuja by the Minister of State
September 5, 2016
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