Tag: business news

Global oil prices edged higher on Tuesday, recovering from the previous session’s losses, as a slightly optimistic market outlook provided a lift despite light trading ahead of the Christmas holiday. Brent crude futures gained 42 cents, from $72.63 or 0.6%, to settle at $73.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose…

A market analyst has revealed when Dogecoin will surge to the $10 price following a series of carefully studied technical indicators. The cryptocurrency market has been in a correctional phase. Major assets like Bitcoin, Solana, and Dogecoin have corrected substantially in the past week. For context, Dogecoin retested a six-week low of $0.26216 on Dec.…

MTN Nigeria has officially notified the Nigerian Exchange and the public of its intent to issue Series 15 and 16 Commercial Papers, targeting N50 billion. This follows the successful issuance of its Series 13 and 14 Commercial Papers on November 29, which raised N72.18 billion—144% above the N50 billion target. In light of this success,…

Governor Seyi Mankinde of Oyo State, on Monday, signed the state’s 2025 Appropriation Bill into Law. The budget tagged “Budget of Stabilisation”, has a total expenditure of N684,149,398,399.06 with a capital expenditure of N344,957,004,872.20 and a recurrent expenditure of recurrent expenditure of N339,192,393,526.86. In a post on his X page on Monday, the governor thanked…

By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited ended on a bullish note on Monday with a 0.22 per cent growth after it closed bearish last Friday. It was observed that investors went into the Christmas week with enthusiasm, cherry-picking equities projected to deliver value next year, including MRS Oil…

President Bola Ahmed Tinubu has described his administration’s decision to raise the national minimum wage from ₦35,000 to ₦70,000 as a critical step in the fight against corruption. Speaking during his first presidential media chat on Monday, Tinubu explained that paying workers a living wage is a practical mechanism to deter corruption. “There are so…

The Australian Government has rolled out a new system for prioritizing offshore student visa applications, aiming to ensure equal access for students across various educational institutions. This move follows the decision to withdraw proposed legislation that would have limited the number of international students allowed in the country. The prioritization system replaces the previously considered…

The Australian Government has rolled out a new system for prioritizing offshore student visa applications, aiming to ensure equal access for students across various educational institutions. This move follows the decision to withdraw proposed legislation that would have limited the number of international students allowed in the country. The prioritization system replaces the previously considered…

By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited ended on a bullish note on Monday with a 0.22 per cent growth after it closed bearish last Friday. It was observed that investors went into the Christmas week with enthusiasm, cherry-picking equities projected to deliver value next year, including MRS Oil…

The National Drug Law Enforcement Agency (NDLEA) has arrested 284 suspects, and seized 5,232,575kg of illicit drugs between January and December 2024 in Kogi State.  The agency also said it confiscated counterfeit currency valued at $2 million and N20.4 million in various denominations during this period.  Mr Mustapha Yahuza, the NDLEA Commander for Kogi, made…

By Aduragbemi Omiyale Many Nigerians have continued to applaud the partnership between the Dangote Refinery and MRS Oil Nigeria that led to the slashing of the price of premium motor spirit (PMS), otherwise known as petrol, to N935 per litre. The two energy firms recently sealed a deal for the sale of petrol from Dangote…

By Aduragbemi Omiyale Many Nigerians have continued to applaud the partnership between the Dangote Refinery and MRS Oil Nigeria that led to the slashing of the price of premium motor spirit (PMS), otherwise known as petrol, to N935 per litre. The two energy firms recently sealed a deal for the sale of petrol from Dangote…

The World Bank has reviewed the target for Nigeria under the Digital Identity for Development (ID4D) increasing the number of Nigerians to be issued the National Identification Number (NIN) from 148 million to 180 million. According to the latest document on the project’s restructuring released by the Bank, while Nigeria missed the initial target of…

Peru is becoming a key destination for skilled professionals looking for new career opportunities in 2025. The country is focusing on filling skill shortages across several key sectors, including technology, healthcare, engineering, education, and business management the coming year. These industries not only offer career growth but also competitive salaries, with software developers earning up…

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emotimi Agama, has hinted that some crypto companies, that have applied to be registered by the Commission may not meet the requirements to get its approval. Agama stated this at a meeting with applicants under its Regulatory Incubation (RI) and Accelerated Regulatory Incubation Programme (ARIP)…

Governor Babajide Sanwo-Olu has approved the constitution of the Lagos State Electricity Regulatory Commission (LASERC), a key initiative aimed at advancing Lagos State’s energy sector. This development follows the signing of the Lagos Electricity Bill 2024 into law by the governor earlier in December. The disclosure was contained in a press release from the Office…

President Bola Tinubu has attributed cases of stampede at palliative distribution centers in Nigeria to poor planning, rather than economic hardship. Tinubu while speaking at a media chat in Lagos on Monday evening, argued that the multiple stampedes which have claimed over 60 lives were not a reflection of widespread hunger as claimed by many…

HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on…

HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on…

HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on…