Global Financial Institutions Lost $12 billion to Cyberattacks in 20 years – IMF
The International Monetary Fund (IMF) has revealed that financial institutions lost a total of $12 billion to cyberattacks in the last 20 years.
Out of this amount, $2.5 billion was lost between 2020...
Nigeria's Low Crude Production Cause of Revenue Loss, Says PETAN
The Petroleum Technology Association of Nigeria has claimed that the country is losing a lot of revenue daily due to its inability to ramp up crude oil production.
The Chairman of PETAN, Wole Ogunsanya, stated this...
DFC Approves $697m for Projects in Nigeria, Others
United States (U.S.) International Development Finance Corporation (DFC) has approved 22 new projects totalling more than $697 million to support development projects in infrastructure, increasing food security, and small businesses in Nigeria and other parts of the...
N1,200 Diesel Price Cut will Ease Nigeria's Inflation - Dangote
The Chairman of Dangote Group, Alhaji Aliko Dangote, has said that the significant cut in the diesel price to N1,200 will have a positive effect on inflation in Nigeria.
He disclosed this during a Wednesday briefing...
NNPCL Advocates Natural Gas Production for Economic, Industrial Growth
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development.
Kyari spoke Wednesday at the public presentation...
FG Projects N1.5tn Savings from Tariff Hike
In light of the recent increase in electricity tariffs for Band A customers, the Federal Government has projected to save N1.5tn this year from the hike.
It also stated that about 2.5 million meters would be installed this year...
