NAICOM gives insurers Dec.31 ultimatum to pay outstanding claims
Nov. 8, 2024 The National Insurance Commission (NAICOM) has given insurance companies Dec.31 deadline to clear all outstanding claims. The Head, Communication and Stakeholders Management Sub-committee of the Insurers Committee,…
Nigeria, 7 others begin African-led HIV vaccine development
Nov. 7, 2024 Nigeria and seven other African countries have begun a project to check HIV in the continent. The project is tagged, Bringing Innovation to cLinical and Laboratory research…
NCC to simplify mode of tracking data usage for customers
The Nigerian Communications Commission (NCC), in a bid to improve transparency in the telecom industry says it will simplify the process of tracking data usage for customers. The Executive Vice-Chairman…
FG invites global investors to invest in Nigeria’s energy sector
…Says IOCs invested $82 billion in deepwater outside Nigeria since 2013 The Special Adviser to the President on Energy, Olu Verheijen has urged investors to seize new opportunities…
Oborevwori pledges to partner investors with Delta’s interest
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Thursday, expressed his administration’s readiness to partner with only investors who have the overall interest of the state. Governor Oborevwori disclosed this at…
Oando Targets 100,000bpd Post NAOC Acquisition
Nov. 7, 2024 Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil Company…
Nissan to axe 9,000 jobs, cut production on weak China, US sales
November 7, 2024 Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion…
Lagos seeks investors for 4,000 MW gas-fired power plants
November 7, 2024 Nigeria’s commercial capital Lagos on Thursday invited bids for construction of up to 4,000 megawatt (MW) gas-fired power plants to cover a national grid shortfall, seeking to…
Imported Rice Price Jumps By 114% In One Year – NBS
Nov. 5, 2024 The average price of imported high-quality imported rice has risen by 144.77 per cent over the past year, according to a report by the National Bureau of…
Price of beans Jumps By 281% In One Year – NBS
November 5, 2024 The average price of 1kg beans brown (sold loose) stood at N2,738.59 as at September 2024, according to a report by the National Bureau of Statistics in…