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Governors of the federation’s recent boycott of the Federal Account Allocation Committee (FAAC) meeting has taken a toll on the timely payment of their workers’ salaries and other key financial obligations of the states. The governors had on Wednesday, February ...

The political tension that bedevilled Akwa Ibom and tore the 37-year-old state along ethno-political fragments may give way to a new lease of life for real and sustainable development. This followed the sheathing of swords between the Senate President, Godswill ...

Nestle Nigeria Plc has posted a revenue growth of 75.2 per cent N958.8 billion for the financial year ended December 31, 2024. The Company’s operating profit improved by 35.6 per cent to N167.9 billion, while earnings before interest, taxes, depreciation ...

Nigerian equities market ended the first two months of 2025 on a bullish trajectory, as investors’ investment increased by N4.430 trillion With the Central Bank of Nigeria (CBN) significantly dropping interest rates on Treasury bills following a decline in the ...

Microsoft has announced that it was shutting down Skype, the internet-based phone and video service that was once the dominant way of staying connected in the mid-2000s. Skype will “no longer be available” to use starting in May, the company ...

Executive Director of Operations, Olu Tee Engineering based in Houston, Texas, United States, Titilola Shawana, has revealed why companies should tackle pollution and waste management in the oil and gas industry. Shawana, who is a Fellow of the Institute of ...

Experts in S&P Global have indicated a significant difficult situation around investment in energy transition without proper regulation and policy review. According to them, the energy transition will be more difficult, costly, and complicated than expected. This is contained in ...

Chevron Nigeria’s chairman and managing director, Jim Swartz has said, the company is committed to sustainable deepwater oil drilling in Nigeria, and also highlighting other measures to mitigate production decline in other key assets. Swartz made the remarks while receiving ...

Reinforcing its reputation as an institution committed to empowering Small and Medium-scale Enterprises (SMEs), Wema Bank has undertaken an initiative to empower 800,000 Nigerian businesses, following its Memorandum of Understanding (MoU) signing with Small and Medium Enterprise Development Agency of ...

A total sum of N 1.703 trillion, being January 2025 federation account revenue, has been shared to the federal, State and local governments in the country by the Federation Account Allocation Committee (FAAC). The outcome of the FAAC meeting was ...