Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June, data from the Organisation of Petroleum Exporting Countries showed on Thursday.
In its latest Monthly Oil Market Report for August 2022, OPEC stated that crude oil production figures based on direct communication indicated that Nigeria’s output…
The Lagos Chamber of Commerce and Industry has expressed worries over debt servicing cost of the Federal Government and advised it to consider deficit financing from equity instead of expensive debts spent on recurrent expenditures.
The chamber made the call in a statement…
Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation.
This is despite the Central Bank of Nigeria’s restriction on cryptocurrencies in the nation.
In…
A firm, BridgeGap has launched 56 Bridge, a recruitment app to improve the process of job applications and reduce challenges in the recruitment process for organisations.
In a statement, the app was launched in Lagos and aims to assist organisations to hire top talents from any part of the world.
It added that job seekers could apply for jobs, write tests and attend interviews from the comfort of…
An integrated energy provider, Eterna Plc, said it recorded N4.1bn gross profit for the half year ended June 30, 2022.
It said in a statement on its half-year financial statements released on the floor of the Nigerian Exchange Limited, that this was 57.9per cent increase…
A Professor of Economics at Covenant University, Ota, Jonathan Aremu, has said Nigeria must place equal emphasis on importation to maximally gain from the Africa Continental Free Trade Agreement.
Aremu made the call recently while presenting a paper titled ‘Accelerating…
Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government reversing its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited.
The company also said it was seeking clarification from relevant authorities regarding the claims that the President, Major General Muhammadu Buhari (retd.), who doubles as Minister of…
Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said emerging technologies and advancements in the sector demand that the Commission is prepared to match these developments with appropriate regulations and guidelines.
With the…
President Buhari has reversed his approval of Seplat Energy’s purchase of ExxonMobil’s assets.
Special Adviser to the President on Media & Pubcity, Mr Femi Adesina, had, two days ago, said President Buhari approved the purchase of ExxonMobil share by…
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy.
This projection was made by the Budget Office of the Federation and revealed in its 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The EMTL was introduced in the Finance Act 2020, which amended the Stamp Duty Act to tap…
