NNPCL indicates that Petrobras is exploring fresh investment possibilities in the deep waters of Nigeria.

Investment

NNPCL indicates that Petrobras is exploring fresh investment possibilities in the deep waters of Nigeria.

Nike5 months ago04 mins

The Nigerian National Petroleum Company Limited (NNPCL) has revealed that Petrobras, the state-owned oil behemoth of Brazil, is seeking new avenues in Nigeria’s upstream sector, focusing particularly on deepwater and ultra-deep-water ventures. In a message shared on X (formerly Twitter) on Wednesday, NNPCL stated that its Executive Vice-President for Upstream, Udy Ntia, engaged with Petrobras…

In what ways the 2025 Nigerian Insurance Reform Act will transform the sector – Tunji Andrews

Nike5 months ago05 mins

Economist and founder of Awabah, Tunji Andrews, asserts that the Nigerian insurance sector is on the brink of significant change following the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. Enacted earlier this month by President Bola Tinubu, this legislation brings forth extensive modifications designed to modernize the industry, enhance regulatory supervision, and…

Reasons Behind Our Advocacy for NBS to Adjust ICT GDP in Nigeria – NITDA Director General

Nike5 months ago4 months ago05 mins

Kashifu Inuwa, the Director-General of the National Information Technology Development Agency (NITDA), has articulated the rationale behind his team’s recommendation for the Nigeria Bureau of Statistics (NBS) to update the Information and Communications Technology (ICT) sector’s measurements. Inuwa emphasized that the NBS’s adjustment of the ICT GDP was essential due to the digital economy’s integration within every facet of the Nigerian economy. He shared these insights on Wednesday while serving as the keynote speaker at the 3rd Annual Economic Confidential Lecture & PRNigeria Book Presentation focused on the theme ‘AGENDA FOR A DIGITAL GLOBAL ECONOMY.’ Interplay of Digital Economy and Nigeria’s EconomyInuwa explained that there was no such thing as a digital economy standing on its own, but rather digital technology remains a tool that can power the Nigerian economy.“If you think of agriculture, healthcare, education, finance—today they all rely on digital. Therefore, we also push for…

Federal Government blames multiple loan deductions for workers’ poor access to housing loans

Nike5 months ago4 months ago04 mins

The Federal Government has said that many federal workers cannot access its housing loan schemes because their salaries are already burdened by deductions from multiple loans taken from commercial lenders. Executive Secretary of the Federal Government Staff Housing Loans Board, Hajiya Salamatu Ahmed, made this known at the Permanent Secretaries’ Quarterly Forum with Union Leaders,…

AI-based remote jobs make $80,000/Year in 2025

Nike5 months ago4 months ago03 mins

The emergence of artificial intelligence (AI) is poised to generate a surge of well-compensated remote positions, with earnings potentially exceeding $80,000 by 2025. As AI persistently reshapes sectors, these emerging opportunities provide individuals the chance to forge careers at the crossroads of technology, creativity, and ethics. With adaptable work options and the possibility to operate…

Finance

FCMB leads in trading activity as the Nigerian stock exchange rebounds past 141,500 – Check the year-to-date results

Nike5 months ago04 mins

With reference to the All-Share Index, the Nigerian stock market concluded on a high note on August 26, adding 321.59 points and extending its upward momentum for the third consecutive session after a week of declines. Ending the day at 141,761.36, up from an opening of 141,439.77, the index grew by 0.23%, resulting in a…

Finance

Nakagawa of the BOJ cautions about risks related with trade policies, seeking insight from the tankan.

Nike5 months ago03 mins

On Thursday, Bank of Japan board member Junko Nakagawa expressed concerns that ongoing ambiguity related to U.S. tariff regulations could negatively impact corporate and consumer confidence, potentially hampering both the Japanese and global economies. Nakagawa remarked in a speech available on the BOJ’s website that although a trade deal has been established between Japan and…

China donates $1 million to support Nigeria’s

Nike5 months ago4 months ago01 mins

China has donated $1 million to Nigeria to support affected by the recent devastating floods. The donation was formalised on Wednesday in Abuja through a signing ceremony between the Chinese government and Nigeria’s Ministry of Budget and Economic Planning, as reported by the News Agency of Nigeria (NAN). At the event, Chinese Ambassador to Nigeria,…

Investment

Silent stocks of the NGX: Five years without dividends

Nike5 months ago08 mins

When listed companies go silent on dividends, investors end up holding dead money Forty-five out of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five years. That means roughly one in every three quoted firms has withheld cash rewards from shareholders over that period, according to…

Finance

Official, parallel market gap widens to ₦13 as naira depreciates

Nike5 months ago01 mins

The naira yesterday recorded further weakness against the United States dollar, with the margin between the official and parallel market exchange rates widening to N13 per dollar. Figures from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,537 per dollar, a one-kobo depreciation from Monday’s N1,536.99 per dollar. In contrast, the…