Lawmakers Pass NCC’s N559bn Budget   The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission (NCC) following the presentation by the Committee on Communications. The lawmaker representing Yobe South, Ibrahim Bomai, who laid and presented...

Denmark Largest Bank Danske Defrauds US Banks, Forfeits $2bn   According to court documents, Danske Bank defrauded U.S. banks regarding Danske Bank Estonia’s customers and anti-money laundering controls to facilitate access to the U.S. financial system for Danske Bank Estonia’s high-risk...

FG To Earn $3bn From Hibiscus Export To Mexico Yearly   The Comptroller General, Nigeria Agricultural Quarantine Service (NAQS), Dr. Vincent Isegbe, has said the country is expected to earn about $3 billion annually from hibiscus exports to Mexico. Both NAQS and...

Fuel Scarcity: Stop Issuing Empty Threats, Go After Cabal - PETROAN Tackles DSS   The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has faulted the 48-hour ultimatum issued by the Department of State Services (DSS) that oil marketers make...

Lagos Govt Okays N707m Pension Bailout For Parastatals   The Commissioner for Establishments, Training And Pensions, Mrs Ajibola Ponnle, has said Lagos State government approved a bailout of N707.62m for some parastatals to pay the pensions of their retirees. She disclosed the...

Oil Production Now 1.18mbpd, Highest In Seven Months   Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months. Latest oil production figures obtained from the...