FG Achieves Cumulative Deepwater Oil Production of 3.2 Billion Barrels — DPR
The Federal Government of Nigeria has reached a significant milestone in its oil production efforts, achieving a cumulative deepwater oil output of 3.2 billion barrels as of December 2018. Deepwater operations now account for 40% of the country’s total oil production, contributing substantially to the nation’s oil industry. This was revealed by the Director of […]
NANTs Cautions Traders Against Commodity Price Hikes Amid Minimum Wage Increase
In light of the recent minimum wage increase, the President of the National Association of Nigerian Traders (NANTs), Mr. Ken Ukaoha, has issued a strong warning to traders across the nation, urging them to avoid unjustifiable hikes in commodity prices. Speaking in Abuja on Monday during a workshop organized for NANTs leadership, Ukaoha emphasized the […]
China Advocates Joint Pursuit of Belt and Road Initiative (BRI) with Nigeria
Nigeria, alongside 150 countries and international organizations, has signed onto China’s Belt and Road Initiative (BRI), securing access to benefits exceeding $100 billion. The BRI, a global development strategy, aims to strengthen infrastructure, trade, and investment ties between China, Africa, and other participating nations. At a press briefing on “The Belt and Road for International […]
Shareholders Applaud Union Bank’s Debt Recovery Efforts as NPL Ratio Drops
Shareholders of Union Bank of Nigeria Plc have praised the bank’s management for its successful debt recovery efforts, which led to a significant reduction in the Non-Performing Loan (NPL) ratio. The NPL ratio fell from 20.8 percent in 2017 to 8.1 percent for the financial year ended December 31, 2018, marking a key achievement for […]
Students Protest Over Lecturers’ Strike at University, Block Campus Access
Students at a university in Edo State have blocked access to the campus in protest over a two-month-long strike by their lecturers. The strike, which stems from the non-payment of various allowances, has left students unable to proceed with their academic activities, including exams and inductions. According to one student, lecturers had previously gone on […]
NYSC Dismisses Rumors of N31,800 Stipend for Corps Members
The National Youth Service Corps (NYSC) has debunked rumors circulating on social media that corps members will now receive N31,800 as their monthly stipend following the recent signing of the new minimum wage into law by President Muhammadu Buhari. Eddy Megwa, a Deputy Director at the NYSC headquarters in Abuja, clarified on Wednesday that the […]