Business

The Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary, Orji Ogbonaya Orji …Spends N2bn Daily From Crude Oil Proceeds Within a period of 21 years covering 1999 to 2020, Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively. The figure was released by the Nigeria Extractive …

Seplat Energy Plc’s oil drilling platform suffered a major reversal yesterday as the company’s oil drilling rig capsized near Ovhor, Delta State. Seplat Energy is the operator of Seplat/NNPCL joint venture. The company’s production guidance for 2023 is between 45,000 and 55,000 boepd. Chief Executive Officer, Seplat Energy Plc, Mr Roger …

MoneyMaster PSB (MMPSB), a major payment service bank promoted by Globacom, is embarking on a reward scheme for Glo subscribers in the Lagos area who register and activate their own G-Kala wallets. The proposed reward, offering airtime for subscribers who seize the opportunity to register their G-Kala wallets under the …

Twitter A legal practitioner, Mr Maxwell Opara, has filed an alleged defamatory suit seeking N10 billion in damages against Twitter and the Department of State Services (DSS). In the writ of summons marked: FCT/HC/CV/7186/23 and filed at the FCT High Court by Malachy Nwaekpe, Opara listed Twitter Nigeria Limited and Director-General (DG) …

The Federal Government is apparently pursuing a five-year jail term against the suspended governor of the Central Bank of Nigeria, Godwin Emefiele, having instituted a fresh 20 counts procurement fraud charges against him which relies heavily on Section 19 of the Corrupt Practices and Other Related Offences Act 2000. That …

The 11th Annual General Meeting (AGM) of FBN Holdings Plc (FBNHoldings), the parent company of Nigeria’s premier financial inclusion services provider, FirstBank, was held on Tuesday, 15 August 2023. The virtual AGM was presided over by Alhaji Ahmad Abdullahi, the Group Chairman with shareholders, directors, Management staff and other stakeholders …

Musty Mustafa, the Chief Technology Officer and Co-founder of Kuda Technologies Limited has reaffirmed the pivotal role of fintechs in Nigeria’s pursuit of fully harnessing the digital economy’s potential as a strategic non-oil contributor to national socio-economic growth. In an exclusive interview, Mustafa commended the Federal Government’s digital economy policy …

Hope for an increase in crude oil production has been rekindled as Nigeria’s crude oil production is expected to rise by at least 350,000 barrels per day, THE WHISTLER reports. This is as a result of the decision of the Nigerian National Petroleum Company Limited (NNPCL) to resume operations at …

Mobile Apps Mobile apps have become an indispensable part of our lives in today’s fast-paced digital era. From social networking to finance, entertainment to productivity, there seems to be an app for everything. The continuous evolution of technology has unleashed a world of possibilities, enhancing user experiences and redefining convenience. …

CBN Headquarters In Abuja The Central Bank of Nigeria is planning to rename the Investors’ and Exporters’ (I&E) Window to the Nigerian Foreign Exchange Market (NFEM). The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi said the decision is because the I&E Window is the only recognised …