A United Kingdom citizen who had worked as a trader at Glencore Plc pleaded guilty in the U.S. to participating in an international scheme to bribe officials in Nigeria to win favourable treatment from the state-owned oil company. Anthony Stimler…
The Nigerian Association for Energy Economics (NAEE) has called for more clarification on the 30% NNPC Limited transfer of oil and gas profit to frontier exploration in the just-passed Petroleum Industry Bill (PIB). This was charge was made known by…
By Uthman Salami The international Energy Agency (IEA) has revealed that over seven hundred seventy million Africans have no access to electricity. In this population of Africans without access to electricity, Nigeria accounts for about 10 per cent. According to…
The International Monetary Fund (IMF) has projected a 48.5 per cent public debt-to-Gross Domestic Product (GDP) ratio for Nigeria in 2021. It also retained Nigeria’s 2.5 per cent economic growth forecast for 2021. The institution said this in its World…
Oil and gas logistics company, INTELS Nigeria Limited, has graduated 34 women from its Women Empowerment Programme Scheme Synergy (WEPSS). The WEPSS is a corporate social responsibility programme of INTELS, which was established in 2013 with the vision of empowering…
…to boost data domestication, sovereignty in Nigeria By Ogaga Ariemu, Abuja Galaxy Backbone Limited, Zadara have collaborated to provide seamless cloud edge services to Nigerians. Nigerian NewsDirect learnt this during a webinar session titled, ‘Cloud Service and the journey towards…
Clouds have continued to gather with the increasing number of cases testing positive to COVID-19 in the past few weeks in Nigeria. The increase in the records of profile against the cheer of the flattening of the pandemic which informed…
By Kayode Tokede The Nigerian Exchange Limited stock market on Tuesday closed transaction on a negative note to halt five-days of market gaining streak. The profit-taking is coming on the heels of Central Bank of Nigeria (CBN) decision to hold…
By Kayode Tokede The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, hosted an engagement session with Institutional clients on Monday. The virtual event saw Mr. Popoola speak passionately about the plans of NGX post-demutualisation, emhpasising where the…
By Kayode Tokede FMDQ Securities Exchange Ltd. has recorded a turnover of N15.31 trillion in the Fixed Income and Currency (FIC) in the month of June. FMDQ in its monthly FIC report disclosed that the turnover represented an increase of…
