The pound has fallen to a two-year low against the dollar reflecting traders increasing concerns about recession around the world as energy prices continue to soar. But sterling is also weak as markets worry about future UK economic growth, analysts said. Sterling could fall even further after predictions of economic stagnation and as inflation rises, […]
Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment. The stakeholders identified insecurity, naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria’s gas sector. They spoke during a […]
Twitter has mounted a legal challenge in India against government orders to take down content. The social media giant has filed a petition with the high court in Karnataka state resisting “several” such orders, sources told the BBC. Twitter was reacting to a letter from the government in June warning of “serious consequences” of non-compliance […]
The Nigeria Social Insurance Trust Fund (NSITF) says it has successfully paid a total of over N306. 555 million as claims and compensation to registered employers, employees and their dependents in the last four months. The NSITF Managing Director, Dr Michael Akabogu disclosed this at a media interactive session on Tuesday in Abuja. Akabogu represented […]
The Federal Road Safety Corps (FRSC) has deployed no fewer than 36,000 road marshals with about 750 patrol vehicles for nationwide special operations during the Eid-el-Kabir celebration. The Corps Public Education Officer (CPEO), Mr Bisi Kazeem, disclosed in a statement he issued on Tuesday evening in Abuja. Kazeem said that about 120 ambulances, 25 tow […]
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has licensed about 88 Liquefied Petroleum Gas (LPG) plants and skids in Kaduna State. Abdullahi Ibrahim, the team lead, LPG Plants NMDPRA, Kaduna office, said this on Tuesday during an interview with the News Agency of Nigeria (NAN). Ibrahim said that there were 44 […]
The Academic Staff Union of Universities (ASUU) has said it is ready to call off its nationwide industrial action immediately if the Federal Government signs the negotiated agreement. ASUU on February 14 embarked on a strike to press home its demand, including the government’s investment in the nation’s university infrastructure, and payment of members’ salaries […]
The Minister of Communication and Culture, Lai Mohammed, has said that the Federal Government cannot, at the moment, remove subsidies on the Premium Motor Spirit (PMS), popularly called petrol. Mohammed, who spoke during an exclusive interview to Reuters in London, said many other nations were introducing measures to help citizens cope with high oil energy […]
U.S. basketball star Brittney Griner sent a letter to President Joe Biden asking him to “do all you can” to bring home her and other Americans detained in Russia. Griner’s representatives shared parts of the letter Monday. “As I sit here in a Russian prison, alone with my thoughts and without the protection of my […]
Dr Vincent Olatunji, National Commissioner of the Nigeria Data Protection Bureau (NDPB) says the organisation’s data protection ecosystem is valued at more than Four billion naira from 2019 to date. Olatunji said this on Tuesday in an interview with the News Agency of Nigeria (NAN) in Abuja. According to him, the time of signing the […]