World energy giant, Shell, has named Elohor Aiboni as the managing director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo) with effect from 1st August 2021. Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo…
the Apapa road leading to the port has constituted a major headache to the Nigeria Ports Authority, its acting Managing Director, Alhaji Mohammed Bello-Koko, has said. Bello-Koko told newsmen on Sunday in Lagos that the traffic congestion problem had defied solutions “for more than 10 years now”. With lots of trucks and other articulated vehicles […]
Bitcoin, the world’s largest cryptocurrency by market capitalisation, surged above $40,000 — for the first time since mid-June. The price of the cryptocurrency traded 7.1 percent higher on Wednesday afternoon, reaching $40,606 by 1:12p.m., according to data obtained from coinmarketcap.com. The last time Bitcoin traded above $40,000 was June 14, 2021. The sharp rise followed […]
The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, disclosed this after the Monetary Policy Committee two-day meeting in Abuja on Tuesday. The MPC also retained the Monetary Policy Rate at 11.5 per cent at the […]
retain the monetary policy rate (MPR) at 11.5 percent. At its last meeting, the committee members also voted to retain MPR at 11.5 percent – the rate it had been since September 2020. Godwin Emefiele, governor of the apex bank, announced the committee’s decision on Tuesday at the end of a two-day meeting at the […]
The Central Bank of Nigeria has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its supervision. A statement on Saturday said that the Acting Director, Corporate Communications Department of the Bank, Osita Nwanisobi, said this in Abuja ahead of the Monetary Policy Committee meeting on Monday and […]
Establishments in Abuja have lamented the N100, 000 emission permit levied on business operators by the Abuja Municipal Area Council for the emission of gas from generators and other heavy duty machines. They described the levy as outrageous and capable of sending them out of business. In a letter that has gone viral on the […]
The Lagos chapter of the National Union of Road Transport Workers, locally called agberos, generates about N123.08bn annually, which could service the annual budget of Nasarawa, Niger, and Yobe states put together, a statistical report by the International Centre for Investigative Report has shown. The data, which was released on Thursday, showed that the money […]
The Central Bank of Nigeria has said that it will launch the pilot scheme of its digital currency on October 1st, 2021. According to Nairametrics, the CBN with its stakeholders outlined its digital currency initiative via a private webinar held on Thursday. In a recent report by The PUNCH, the CBN’s Governor, Godwin Emefiele had […]
Minister of Mines and Steel Development, Olamilekan Adegbite, says Ajaokuta Steel Company Ltd. will function to capacity before the regime of Major General Muhammadu Buhari (retd.) comes to an end. Adegbite made this known during the News Agency of Nigeria Forum in Abuja. He said that the federal government had made effort to ensure that […]
