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MARKETS AND ECONOMY
Nigeria Has More Than 100 Oil Rigs, With 46 Currently Active – NUPRC
Nigeria's total oil rig count has risen to more than 100, with 46 rigs currently engaged in drilling operations, as the Federal Government intensifies efforts to boost crude oil production and attract investment into the upstream petroleum sector.The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this during the management...
TCN Attributes 68% Of Feeder Interruptions To Low Generation, Accuses Ikeja Electric Of Misleading Customers
The Transmission Company of Nigeria (TCN) has accused Ikeja...
N1.23trn Raised for Power Sector Debt Settlement as September Generation Falls 0.30%
Nigeria's N1.23 trillion power sector debt settlement programme faces...
Nigeria Records $1.57bn in Diaspora Remittances, Highest in Seven Years
Nigeria recorded $1.57 billion in diaspora remittance inflows through...
Africa Accounts for 2.1% of Global Air Cargo Market as September Demand Grows 4.7% – IATA
African airlines recorded a 4.7 per cent year-on-year increase...
Global Air Cargo Demand Hits 7.7% Growth in September, Capacity Rises 2.7% – IATA
Global air cargo demand increased by 7.7 per cent...
Cadbury Nigeria Records N10.14bn 9M Profit as Operating Earnings Fall 10% to N14.31bn
Cadbury Nigeria Plc reported a profit after tax of...
Tech World
FINANCE
PenCom Sets N52,500 Monthly Pension Floor for 173,209 Retirees After 22-Year Delay
The National Pension Commission (PenCom) has announced a N52,500 minimum monthly pension for 173,209 eligible retirees, following the activation of the Minimum Pension Guarantee (MPG) by President Bola Tinubu, ending a 22-year delay in implementing the provision under Nigeria's pension framework.The initiative, alongside the newly launched PenCare healthcare scheme,...
Nigeria’s $11.12bn Transfer Figure Raises Questions over Formal Remittance Capture
Nigeria recorded $11.12 billion in personal transfers in the...
UBA Takes Google Pay to 45m Customers
UBA’s integration with Google Pay gives its customers another...
ACAMB Warns Bank Customers as Fraudsters Clone Banking Websites to Steal Credentials
The Association of Corporate Communication and Marketing Professionals in...
Coronation Insurance Resubmits SEC Application for Minority Buyout, Delisting
Coronation Insurance Plc has resubmitted its application to the...
Police Pension Reform: IG Proposes 200% Gratuity, Salary-Linked Benefits
The Inspector-General of Police, Olatunji Disu, has proposed a...
Nigeria’s Recapitalised Banks and Missing Link Between Profit and Prosperity
By Blaise UdunzeNigeria’s banking industry has spent years rebuilding...
GENERAL NEWS
Falana Urges Nigerians to Look Beyond Abuja, Hold States, LGs Accountable
Human rights lawyer Femi Falana has urged Nigerians to...
We Are Building Towards a $1trn Economy — Tinubu; Defends Foreign Loans
President Bola Tinubu has defended his administration’s borrowing strategy,...
UK Government, FSD Africa Commit $335,000 to Mobilise $2.7m for Women-Led Businesses in Nigeria
The investment initiative aims to channel domestic capital into...
Nigerians may soon Travel to Grenada without a Visa
Nigerians may soon be able to travel to the...
UBA Takes Google Pay to 45m Customers
UBA’s integration with Google Pay gives its customers another...
Transcorp’s Operating Cash Flow Jumps to N95.7bn as Borrowings Rise
Transnational Corporation Plc’s (Transcorp) operating cash flow surged to...
UBA Launches Group-Wide Climate Action Week to Advance Green Finance and Sustainability Across Africa
Africa’s Global Bank, United Bank for Africa (UBA) Plc,...
media outreach
Travels & Aviation
Appointments & RECOGNITIONS
VIEWPOINTS
Nigeria’s Recapitalised Banks and Missing Link Between Profit and Prosperity
By Blaise UdunzeNigeria’s banking industry has spent years rebuilding capital, restructuring institutions and celebrating stronger financial performance. Amidst all...