Irukera: FCCPC to Strengthen Regulations This Year in Collaboration with SON, NAFDAC
He said the power sector, fast moving consumer goods and the activities of digital lenders will come under more scrutiny
EU Tells TikTok Chief to Respect Data Privacy Laws
TikTok, whose parent company ByteDance is Chinese, has come under fierce Western scrutiny in recent months
Nigeria Says Port Harcourt Refinery to Commence Partial Operation Before End of Q1
Sylva reiterated his often-held view that petroleum prices should be market-driven since subsidy is no longer sustainable.
US Agency Fines Ex-McDonald’s CEO For Defrauding Investors
Easterbrook agreed to a $400,000 fine, without admitting or denying the claims against him
Banks Only Authorised to Dispense New Banknotes via ATMs, CBN Clarifies
It says there is no going back on the January 31 deadline to phase out old N200, N500, N1,000.
Lack of Investment In Downstream Oil Sector, Cause Of Endless Fuel Scarcity Nationwide, Says Pinnacle Oil CEO
The recurring fuel scarcity has led to buck-passing between the regulatory agencies and petroleum marketers.
Banks Have Enough New Naira Notes to Meet Demand, CBN Insists
It clarified that banks are not banned from paying new notes over the counter.
New Naira Notes are of International Quality, Security Printing Firm Assures Nigerians
“It is important to note that new banknotes are generally light when issued, then become heavier in circulation on getting in contact with dirt and moisture.”
Nigeria: Cash Withdrawals from Public Accounts Will Be Treated as Money Laundering Offence from March
Payment of estacode, overseas allowances to civil, public servants in cash has also been outlawed.
NAHCO Begins Investigation, Suspends Personnel over Damage to Air Peace Aircraft
NAHCO staff drove equipment and rammed it on the aircraft, an Airbus A320 which has since been grounded.
Amazon to Cut More Than 18,000 Jobs, CEO Says
The job-slashing plan is the largest among recent workforce reductions that have impacted the once-unassailable US tech sector
NUPRC to Licence Holders: Disclose Full Ownership of Firms Operating in Nigeria’s Oil, Gas Sector
It stated that those to be affected by the notice included persons with significant control of at least five per cent shares.
Nigeria Doesn’t Have Resources to Pre-empt Illegal Mining Activities, Minister Says
He says the sector now contributes N10bn to Nigeria’s economy.
Air Peace Airlifts 55 Million Passengers in 8 Years, Plans More Routes in 2023
The airline recorded a passenger load of 52,859 in its launch year. In 2022, it airlifted 14,103,018 passengers.
Pollsters Predict $89.37 Per Barrel Oil Price in 2023
If the forecast is spot on, it means Nigeria may be able to save about $15 per barrel in its currently depleted Excess Crude Account.
27 Days to Retirement of Old Naira Notes, Analysts Urge CBN to Intensify Awareness
They say new banknotes are scarce and facing rejection by market women, rural communities.
‘Party Capital’ Dubai Scraps 30% Alcohol Tax and Licence Fee in Bid to Boost Tourism
It is not clear if the move, which took effect on Sunday, will be permanent.
Bloomberg: How World’s Wealthiest Billionaires Lost $1.9trn in 2022
Elon Musk emerges first person in history to lose $200bn.
Nigeria’s Resilient Stock Market Gained N5.62trn in 2022 Despite Foreign Investors’ Exit
The stock market had to contend with factors such as foreign investors’ exit and aggressive hike in the Monetary Policy Rate.
Croatia Adopts Euro, Enters Borderless Europe Club
About 80 percent of bank deposits are denominated in euros and Zagreb’s main trading partners are in the eurozone.
