business
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Frustrations are bubbling over at the pump again, with independent petroleum marketers under the Independent Petroleum Marketers Association of Nigeria (IPMAN) accusing the Nigerian National Petroleum Company Limited (NNPCL) of causing delays in fuel supply. The result? Boycotts of NNPCL and forced reliance on pricier private depots, pushing pump prices up and squeezing wallets across […]
In a pivotal move to boost trade and investment, the Federal Government of Nigeria and the Indian government signed two Memoranda of Understanding (MoUs) on Monday, January 22nd, 2024. The ceremony, held at the Indian High Commission in Abuja, witnessed the exchange of letters of intent that further solidify the bilateral relationship between the two […]
The British Council has dealt another blow to Nigerian students and professionals aiming to study or work abroad, announcing a second hefty increase in IELTS examination fees within five months. Effective February 1, 2024, the cost of taking the English Language Testing System for both computer academic and general training modules will hike by a […]
Amidst revenue pressures facing the 2024 national budget, the Federal Government, has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget deficit. Disclosing this in a chat with journalists in Lagos, the Minister of Budget and National Planning,, however, indicated that the […]
Relief washed over Nigerian workers as the Federal Government pledged to swiftly clear the backlog of N35,000 wage arrears and resume regular payments. This assurance followed renewed commitment to addressing labour concerns, including those raised by the Trade Union Congress (TUC) and Congress of University Academics (CONUA) regarding the National Minimum Wage agreement reached in […]
The Nigerian National Petroleum Company Limited (NNPCL) is flexing its muscles against oil theft in the Niger Delta, uncovering a staggering 83 illegal refineries and 15 unauthorized pipeline connections in just one week. This relentless pursuit, documented on NNPCL’s Twitter handle, paints a picture of a determined fight against a deeply entrenched problem. Between January […]
The Nigerian Electricity Regulatory Commission (NERC) has injected excitement into the country’s power sector with the issuance of 13 new licenses in the third quarter of 2023. This wave of approvals represents a commitment to diversifying energy sources and boosting overall capacity by 40.9 megawatts. Five of the new licenses focus on off-grid generation, bringing […]
In a recent enlightening interview with Jordan105.5fm, Fechukwu Chigbo, a prominent content marketer and jeweler, shared profound insights into the intricacies of content marketing, her journey in entrepreneurship, and the challenges she overcame to carve a niche for herself in the industry. Defining Content Marketing: Fechukwu kicked off the interview by providing a crystal-clear definition […]
Nigeria’s currency, the Naira, may be in for brighter days, according to optimistic predictions from Minister of Budget and Economic Planning, Atiku Bagudu. His statements come against the backdrop of ongoing exchange rate reforms championed by President Bola Tinubu and the Central Bank. Citing the positive experiences of other countries with liberalized foreign exchange markets, […]
Latest report by Meristem Research has projected an increase in Nigeria’s oil production in 2024 barring any significant, unexpected shock to the sector in the year. The 2024 Annual Outlook entitled: ‘Setting Sail for Gradual Recovery’, lamented the persistent challenges, including pipeline vandalism, illegal oil bunkering that led to the Rumuekpe-Nkopu explosion, oil theft, and […]
