•$28b lost to outages The World Bank has approved $750 million in International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO). The bank’s Board of Directors gave…
By Babajide Komolafe In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from…
By Sanni Onogu, Abuja and Justina Asishana, Minna Nigeria lost $48 million to pipeline vandalism and crude oil theft between January and June, this year, it was learnt on Wednesday.…
Sunday Aborisade, Abuja The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being consumed in the…
By MOSES AKAIGWE IVM Innoson Group of Companies has confirmed the award of 11 offshore oil wells to the newest member of the conglomerate, Innoson Oil & Gas Limited, by…
Flair Aviation, an aviation company with ties to Germany and the United Kingdom, has been caught operating commercial flights into Nigeria. Hadi Sirika (pictured), the minister of aviation, said the…
Babajide Sanwo-Olu, governor of Lagos, says the state is considering full reopening of the critical sectors of its economy soon. Speaking at a media briefing on Sunday at the state…
Airtel Nigeria says it has extended its work-from-home policy by two weeks to safeguard staff from contracting coronavirus and stem the spread of the virus. Segun Ogunsanya, Airtel chief executive…
The Central Bank of Nigeria (CBN) has ordered all banks not to retrench workers. A statement by the apex bank Director of of Corporate Communication, Mr. Isaac Okorafor said the…
NIRSAL Microfinance Bank, NMFB, yesterday, commenced the disbursement of the Central Bank of Nigeria, CBN, N50 billion COVID-19 facility to beneficiaries. Managing Director of the bank, Mr. Abubakar Kure, who…
British Airways says it will cut up to 12,000 jobs from its 42,000-strong workforce due to the air travel collapse because of the global coronavirus pandemic. BBC reports that International…
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Providing cheaper voice, data services to subscribers now may lead to chaos – MTN
The Executive Chairman of MTN Nigeria, Ernest Ndukwe has given reasons the frontline telecommunications service provider would not be able to provide cheaper voice and data services, to mitigate the…
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GERMAN FOOTBALL RESUMES: Bundesliga to return in May but without fans
With players back practicing, the Bundesliga is set to become the first of Europe’s major leagues to return to action, with plans for spectator-free games starting in early May. Germany…
The Nigerian National Petroleum Corporation (NNPC) says it would no longer be involved in managing the refineries after the rehabilitation exercise. Mele Kyari, the corporation’s group managing director, said it…
The Global Partnership for Education, GPE, has announced the provision of $250m to help developing countries mitigate both the immediate and long-term disruptions to education by COVID-19 pandemic. READ ALSO:…