Amidst Erratic Power Supply, NiMET Warns of Prolonged Heatwave in Nigeria
The Nigerian Meteorological Agency (NiMET) has forecasted that the scorching temperatures being experienced in the country presently will continue for an extended period....
Paramount Global Lays Off 800 Employees to Cut Costs
Paramount Global has announced that it laid off approximately 800 employees, constituting around 3% of its staff. This significant workforce reduction is partly...
Nigeria’s Crude Oil Production Dropped in January 2024- OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria experienced a decline in crude oil production in January 2024. The intergovernmental...
Auditor-General Asks CBN to Account for $4.5b Missing from Foreign Reserves
The Auditor-General of the Federation, Shaaka Kanyitor Chira, has queried the Central Bank of Nigeria (CBN) about a substantial $4.5 billion missing from...
FCCPC Backs N10.5bn Fine on DisCos over Billing of Unmetered Customers
The Federal Competition and Consumer Protection Commission (FCCPC) has urged stronger sanctions against 11 electricity distribution companies (DisCos) for failing to comply with...
NCAA to Set Up Committee to Tackle Outrageous Airfares
The Nigerian Civil Aviation Authority (NCAA) has announced plans to address the frequent rise in airfare costs. On Monday, Chris Najomo, the acting...
NLC: “New Minimum Wage Should be N1 Million Due to Hardship”
Nigerian Labour Congress, NLC, has indicated it might push for a new minimum wage of up to N1 million for Nigerian workers. The...
“We will Close Borders to Stop Food Shortage”- Kyari
Abubakar Kyari, the Minister of Agriculture and Food & Security, has disclosed that the Federal Government is considering closing the nation’s borders to...
Super Eagles Mourn As Five Died Watching the AFCON Semi-finals
The Super Eagles of Nigeria have mourned the lives lost during their recent clash against South Africa in the ongoing African Cup of...
Ecobank, Sendwave, Others Instructed to Pay Customers Money Sent From Abroad in Naira only
Nigerian banks have commenced the implementation of the Central Bank of Nigeria’s (CBN) revised guidelines on international money transfer operations. These regulations permit...
Obi Cubana’s Billionaire Friend, Chief Osondu Nwoye, Dies Watching Nigeria vs. South Africa Match
Chief Osondu Nwoye, a wealthy businessman who hails from Anambra State but resides in Abidjan, met his untimely demise while watching the Nigeria...
NNPC to Transfer Significant Part of its Revenue to CBN
The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have reviewed their decision to centralize a significant portion...