Report: How Nigerian Gas is Fuelling Morocco, Algeria Pipeline Power Struggle
Both countries have moved to revive long-stalled projects in light of a gas supply crunch following Russia’s invasion of Ukraine a year ago.
Elections: Investors Cautious as Stock Market Crosses N30trn Market Capitalisation
Nigerian bonds are posting some of the best gains in emerging markets as investors bet that ruling-party candidate Bola Tinubu, who’s taken an early lead in the nation’s presidential election tally, would offer reforms to pull Africa’s largest economy out of a fiscal mess.
Nigeria Targets Production of 681,000bpd of Crude Oil from New Fields
Gbenga Komolafe explained that incremental volumes of crude were expected from new wells and well re-entry.
Ericsson to Cut 8,500 Jobs Worldwide
Ericsson, which had a total of 105,000 employees at the end of 2022, last month posted disappointing full-year 2022 earnings
Facebook, Instagram Roll Out Paid Subscription in Australia, New Zealand
Crucially, the move also provides Meta with a way of mining more revenue from its two billion users.
Biden Nominates ex-Mastercard CEO to Lead World Bank
Banga, 63, is Indian-American and currently serving as vice chairman at equity firm General Atlantic.
IAG Announces Acquisition of Air Europa for 500 mn Euros
The Board of IAG believes that the acquisition remains strategically important for the group and positions it to benefit from growth opportunities
Steady Progress as Nigeria’s Oil Production Exceeds 1.6 Million Barrels Per Day, Says Kyari
He said the oil and gas industry was poised to reposition itself for a sustainable growth trajectory.
Osinbajo: Those Managing Nigeria’s Oil Resources Must Account For Crude Oil Theft
He said oil theft and sabotage assets are a clear and present danger to the economy and national security.
‘Fake News’: CBN Debunks Claims It’s Recirculating Old N500, N1,000 Notes
The apex bank advised members of the public to be wary of false information.
Despite Over 400% Rise in Price, Nigeria Insists It Has Transformed Rice Production
Information Minister Lai Mohammed says Buhari has changed the lives of citizens.
Nigeria Air: Buhari Meets With Ethiopian Airlines Chairman
He said the national carrier re-launch is a weighty decision by government.
Vietnam Shoe Maker for Nike, Adidas to Cut 6,000 Jobs
PouYuen Vietnam, a unit of Taiwan-based Pou Chen Group, will lay off 3,000 factory workers
Facebook-owner Meta to Roll Out Paid Subscription
“This new feature is about increasing authenticity and security across our services,” he wrote in a statement posted to his Facebook account.
Naira Redesign: CIBN Sues for Calm, Says It’s Working With Bank CEOs to Address Challenges
It warned against unguarded utterances over the naira redesign.
Nigeria: CBN Denies Authorising Banks to Collect Old N500 and N1000 Notes
The apex bank therefore urged the general public to dismiss messages and/or information that are not formally released by the CBN
NNPC Fixes March 21 to Begin Drilling of Oil in Nasarawa
According to Mele Kyari, initial exploratory activities detected that there was a significant amount of oil in the state.
CBN Governor Emefiele Urges Nigerians to Allow ‘Naira Redesign Policy To Work’
He met with bank executives, and directed them to make old N200 notes available.
Air Peace Hosts Travel Agents, Starts Mumbai Operations March 31
“Tel Aviv, Malabo, Congo Kinshasa, Lome and other regional destinations have been planned for commencement and announcements will be made once we finalise the arrangements.”
Higher Food, Commodity Prices Push Nigeria’s Inflation to 21.82%
It is severe in Lagos, Bauchi, Ondo, and other states.
