archiveAugust 2023

  asks govt to meet OPEC quota, check crude oil theft, resume domestic refining     The Nigeria Employers’ Consultative Association (NECA) has given the Federal Government tips on how to reduce the pressure of Foreign Exchange (FOREX) and other economic challenges associated with it, advising the government to ramp...

FBN Holdings Plc announced today the appointment of Mr. Olufemi Otedola, CON, as its Non-Executive Director. This decision, effective August 14, 2023, has been ratified by the Central Bank of Nigeria (CBN) and endorsed by shareholders at the Annual General Meeting held yesterday. The statement was released by the bank...

The Guild of Corporate Online Publishers (GOCOP) has announced that its 2023 Annual Conference  will hold in Abuja, Nigeria’s Federal Capital Territory. According to a press statement signed by Danlami Nmodu, mni and Olumide Iyanda,  Chairman  and Secretary respectively of  the 2023  Conference Planning Committee, the  event will  hold on ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has secured an emergency $3billion crude oil repayment loan which is aimed at stabilising the naira. NNPC Limited in a statement on Wednesday said it secured the crude-for-cash funding from African Export-Import (AFRIEXIM) Bank headquarters in Cairo, Egypt. The oil-for-cash loan is...

  The Nigerian Air Force (NAF) says incidences of fatalities, mishaps, and crashes are sometimes inevitable in counterinsurgency and counterterrorism. The NAF made the remarks in response to a viral video allegedly depicting the wreckage of the crashed MI-171 helicopter with bodies of victims at Chukuba Village in Shiroro Local...

Gov. Seyi Makinde of Oyo State, has advocated a single-term tenure for political office holders. This is contained in a statement issued on Wednesday in Ibadan by the Chief Press Secretary to the Governor, Mr Sulaimon Olanrewaju. According to the statement, Makinde stated this at a dinner in honour of...

  inauguration holds Wednesday   Governor Ademola Adeleke has appointed Caretaker committees for local government council areas, local government development areas and the area office in Osun state after securing approval of the State House of Assembly. A statement signed by Mallam Olawale Rasheed, Spokesperson to the Governor stated that...

The Nigeria Economic Summit Group (NESG) revealed that Nigeria would experience stronger economic growth in 2023 as firms’ new orders, output growth rate, and inventory activities increase. This is according to Mr. ‘Laoye Jaiyeola, the Chief Executive Officer, the NESG, at the third Edition of the Mid-Year Review of 2023...

  The Federal Government is considering selling its stakes in about 20 state-run companies to bolster revenue amid pressing financial challenges. According to a Bloomberg report, the Nigerian National Petroleum Corporation is one of the 20 firms. Armstrong Takang, the Chief Executive Officer at the Ministry of Finance Incorporated, who...

President Bola Tinubu has said the tragic loss of our gallant officers and soldiers in a helicopter crash at Chukuba Village near Shiroro, Niger State, yesterday, brought immense sadness to him. In a statement, he said, “These officers and men were answering the call of duty while on an evacuation...