The Nigeria Customs Service (NCS) has reported a 74% increase in revenue collection, reaching N4.49 trillion between June 2023 and May 2024, compared to N2.58 […]
Category: Business
Business
NUPRC Extends 2024 Oil Block Licensing Bid Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has extended the 2024 oil block licensing bid round registration by 10 days, according to a statement by […]
GTBank Takes Legal Action Against 60 Bank Executives Over N17bn Loan Dispute
Guaranty Trust Bank (GTBank) has initiated legal proceedings against 60 top executives from 13 commercial banks, including chairmen, CEOs, directors, and company secretaries. The move […]
Nigeria Seeks $500M World Bank Loan to Boost Rural Roads and Agriculture
The Federal Government is seeking a $500 million loan from the World Bank to improve rural road infrastructure and agricultural marketing across Nigeria. This initiative […]
Aliko Dangote Expands Refinery Storage, Faces Challenges from International Oil Companies
Alhaji Aliko Dangote, President of the Dangote Group, has announced an expansion of the storage capacity at his refinery by 600 million litres. This expansion […]
NSCDC Busts Illegal Oil Refinery in Rivers State Cemeteries, Vows Relentless Fight Against Economic Saboteurs
The Nigeria Security and Civil Defence Corps (NSCDC) Rivers State Command has disrupted a major illegal crude oil refining operation at cemeteries in the Abalama […]
Labour Rejects Tinubu’s Claim of Minimum Wage Agreement, Demands Clarity and Fair Deal
The Nigerian Labour Congress (NLC) has firmly rejected President Bola Tinubu’s assertion that an agreement has been reached on the new national minimum wage, as […]
Nigeria Data Protection Commission Fines Banks and Institutions N400 Million for Data Breaches
Vincent Olatunji, the National Commissioner for the Nigeria Data Protection Commission (NDPC), announced on Tuesday, June 11, that four major banks and three other institutions […]
Federal Government Raises Alarm Over Increased Petrol Smuggling Amid Price Disparities
The Federal Government has raised concerns over the escalating smuggling of Premium Motor Spirit (PMS), commonly known as petrol, due to a significant price hike […]
NNPP Chieftain Criticizes Governors for Rejecting N60,000 Minimum Wage Proposal
Ambassador Olufemi Ajadi, a prominent member of the New Nigeria People’s Party (NNPP), has strongly criticized the Nigeria Governors Forum (NGF) for their rejection of […]