…As national oil, gas reserves rise to 37.50bn barrels, 209.26TCF Nigeria has released new rules that will compel its oil producers to sell crude to domestic refineries in a bid to reverse the country’s reliance on imported refined products. This ...
Read More »Daily Archives: April 16, 2024
NCAA Suspends Private Jet Operators Over Permit Abuse
The Nigeria Civil Aviation Authority (NCAA), on Tuesday, suspended the licences of three private jet operators over abuse of their permits. LEADERSHIP reports that the minister of Aviation and Aerospace Development, Festus Keyamo, had in 2023 ordered the cessation of ...
Read More »FG Begins Disbursement Of N200bn Palliative Loans
The Ministry of Industry, Trade and Investment has officially initiated the disbursement of a N200bn palliative loans through the Presidential Conditional Grant Scheme. This announcement followed a rigorous selection process to identify eligible applicants, signaling a major push to fortify ...
Read More »NYSC To Mobilise 103,000 Corps Members For 2024 Stream Two
The National Youth Service Corps, (NYSC), has informed prospective corps members of mobilising for the 2024 Batch ‘A’ Stream Two Orientation Course. The Corps announced that a total of 103,000 prospective corps members successfully, and are ready for mobilization for ...
Read More »Naira Surges Against Dollar, Hits 5-month High
The Naira experienced a significant rally against the US Dollar, breaking through critical resistance levels to trade below N1,000 in some segments of the black market as of late Sunday. This performance aligns with earlier predictions by Goldman Sachs and ...
Read More »Naira Hits N1,000/$ Ahead Of CBN Sale To BDCs
Having opened at N1,130 to the dollar on Monday morning, the value of the naira gained strength midday as traders anticipate another round of dollar sales to Bureau de Change (BDC) operators this week. By noon on Monday, the naira ...
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