Niger

AI Technology and National Security Initiatives, by Inyene Ibanga

AI Technology and National Security Initiatives, by Inyene Ibanga     Governments around the world are developing integrated frameworks for the adoption and deployment of information and communications technology (ICT) in their national security architectures. Today, technology is playing a significant role in the operations of various security/defence organisations in advanced economies such as the […]

Nigeria’s Diaspora Remittances To Hit $22bn

Nigeria’s Diaspora Remittances To Hit $22bn         Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021. Agusto Consulting Limited, a wholly owned subsidiary of a rating agency, Agusto & Co. Limited, disclosed this in its report titled ‘2021 Nigeria diaspora remittance report […]

Dangote Cement, 20 Others Lift Capitalisation By N36bn

Dangote Cement, 20 Others Lift Capitalisation By N36bn       Trading activities on the Nigerian Exchange Limited (NGX) extended bullish run to two consecutive trading sessions yesterday, as investors’ wealth appreciated by N36 billion. Yesterday’s improved performance was spurred by investors’ sustained appetite in the shares of Dangote Cement and 20 others. The all-share […]

Banks Slash Dollar-cash Deposits to $5,000 Monthly

Banks Slash Dollar-cash Deposits to $5,000 Monthly       Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly. A top bank official who craved anonymity confirmed the new policy yesterday. However, the new policy does not apply to customers […]

Nigeria Rebalances OPEC Quota Compliance, Cuts Output By 7%

Nigeria Rebalances OPEC Quota Compliance, Cuts Output By 7%       Nigeria has been forced to rebalance its oil output, effecting about 7.0 percent cut back on its oil output to re-align with the quota imposed by the Organisation of Petroleum Exporting Countries, OPEC. The nation’s output in the month of April was put […]

$100m Lost As NNPC Gives Bunkering Service To Foreigners – SOAN

$100m Lost As NNPC Gives Bunkering Service To Foreigners – SOAN       Shipowners Association of Nigeria (SOAN) has said that $100 million is lost to capital flight as the Nigerian National Petroleum Corporation (NNPC) recently contracted coastal and bunkering vessel services to a foreign shipping company, Messrs UNIBROS. In a petition to the […]