NEITI The Nigerian Extractive Industries Transparency Initiative report stated that the extractive and mining sector remitted N1.14tn as revenue to the federation account between 2019 and 2023. It said this substantial amount was subsequently distributed equally among the three levels of government—federal, state, and local—highlighting the sector’s growing contribution to the nation’s gross domestic product.

NMDPRA The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, has disclosed that the country’s daily petrol consumption is hovering around 45 million and 50 million litres, saying demand has increased as the yuletide approaches. Ahmed stated this in Lagos at the ongoing OTL Africa Downstream Energy Week, refuting claims

December is shaping up to be an exciting month for Nollywood fans, with three major filmmakers gearing up for big-screen releases. Each film brings its unique flavor, featuring star-studded casts and highly anticipated storylines, and fans are eager to see which one will capture the biggest slice of the box office.  With each of these

Alex Ikwechegh, a member of the House of Representatives representing Aba North and South, has been granted bail by a Kuje Magistrate Court.  The bail amount set was N500,000 Ikwechegh faced charges for allegedly assaulting a Bolt driver named Stephen Abuwatseya outside his residence in Abuja. The incident, which was captured in a widely circulated

Home News Is There Truth to the Allegations? RCCG Seeks Evidence Against Accused Pastors The Redeemed Christian Church of God (RCCG) is encouraging anyone with evidence of sexual misconduct involving its pastors to come forward as part of an investigation process.  The church recently suspended two youth pastors while these allegations are being looked into.

Nollywood has grown in amazing ways over the years, becoming one of the largest film industries in the world. Known for its rich stories, memorable characters, and creative filmmaking, Nollywood continues to captivate audiences both in Nigeria and beyond.  Last year, filmmaker Funke Akindele set a new record with her movie A Tribe Called Judah

In Nigeria’s vibrant economy, many entrepreneurs start businesses with high hopes of success. However, mixing personal and business finances can often complicate both personal spending and financial transparency.  Keeping them separate not only clarifies cash flow but also protects personal assets from business liabilities. Separating your personal and business finances is crucial for clear financial

Cadbury Nigeria, a food, sweets and drink company in Nigeria, has recorded an after-tax loss of N11.9 billion in the first nine months of 2024 as a result of huge cost of operations, BusinessDay analysis shows. The consumer goods firm recorded an after-tax loss amounting to N11.9 billion in the nine months of 2024, from

Abdulrahman Yinusa, Group Managing Director/Chief Executive Officer of Odu’a Investment Company Limited Odu’a Investment Company Limited (OICL) has completed significant renovations of Cocoa House in Ibadan, aiming to strengthen its legacy as a central hub for commerce in Nigeria’s southwest region. Bimbo Ashiru, OICL Chairman, in a statement, said that the renovations mark the beginning

Lafarge Africa, a member of the Holcim Group, recently at a gathering of construction industry stakeholders, raised the bar for the industry in Nigeria with an array of innovative solutions That singular action at the just concluded Big 5 Construct Nigeria 2024, held at the Landmark Centre, Victoria Island, Lagos, reaffirmed the cement manufacturer’s leadership

In designing insurance products for customers, insurance companies have identified the crucial need to consider their financial goals, investment preferences, and lifestyle choices. These ensure that the offerings are not only relevant but also provide the necessary protection and support they need. Moruf Apampa, managing director/CEO, NSIA Insurance, said the underwriting firm offers a wide

Sterling Bank has launched a collaboration with the Great Place to Work organisation to carry out a workplace culture survey audit for small and medium-scale Enterprises (SMEs) in Nigeria. The partnership codenamed, ‘Project Imagine,’ was launched during a signing ceremony that took place at Sterling Towers on Friday, October 25. The project is targeted at