Members of the BRICS group are not bound by mutual obligations as is the case with the EU but instead share common goals and interests, Kremlin spokesman Dmitry Peskov has said Speaking to reporters on the sidelines of the BRICS Read more…
Category: Business
United Bank for Africa (UBA) Plc, has announced a Profit before Tax (PBT) of N603.48 billion compared to N502.09 billion recorded at the end of the third quarter of 2023. The PBT figure represents a 20.2 per cent increase compared to Read more…
President Bola Tinubu has told Nigerian motorists to either buy petrol at N1000 or the compressed Natural Gas (CNG) at N200. The President said this during a meeting with the company’s executive on Tuesday at the State House, Abuja. He Read more…
The federal government has granted official approval for Seplat Energy’s acquisition of Exxon Mobil’s onshore assets, which are valued at $1.28 billion. Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), confirmed the approval during Read more…
The management of Dangote Refinery has reacted to a report claiming it’s approached court to stop the Nigerian National Petroleum Company Limited (NNPCL) and others from continuing fuel importation. Dangote Refinery, in a statement signed by the Group Chief branding Read more…
In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including China’s Xi Jinping, India’s Narendra Modi, Turkey’s Recep Tayyip Erdogan and Iran’s Masoud Pezeshkian. They will all be in the Russian city of Read more…
President Bola Tinubu has returned to Abuja following a two-week working vacation in the United Kingdom and France. Upon his arrival, the President was welcomed at the Nnamdi Azikiwe International Airport by senior government officials on Saturday evening. Recall that Read more…
The World Bank Group has stated that Nigeria would have entered a fiscal crisis worse than the current situation if the federal government had not taken the bold steps of removing fuel subsidies, floating the currency, and adjusting electricity tariffs, Read more…
A High Court of the Federal Capital Territory (FCT) in Maitama has acceded to the request by the Economic and Financial Crimes Commission (EFCC) to be allowed to present two witnesses virtually in the trial of former Governor of the Read more…
The World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that such a move could have negative implications for Nigeria. Recall that the President Bola Tinubu-led administration implemented significant policies, including the removal of Read more…
A total sum of N1.298 trillion September 2024 Federation Accounts revenue has been shared to the Federal, States and the Local Governments. The revenue distribution was announced at the October 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Read more…
The Senate on Wednesday named a replacement to take over the legislative assignments of the late Senator Ifeanyi Ubah, who passed away on July 24 in London. Ubah, a member of the ruling All Progressives Congress (APC, Anambra-South), was the Read more…