Hi! Please support us by deactivating your AdBlocker extension..

Home » Business

The Central Bank of Nigeria (CBN), has announced plans to conduct a review of its licensing framework for payment services that would lead to the development of a new regulatory and compliance framework for the payment service sector. CBN Governor, Olayemi Cardoso, revealed this at the Chartered Institute of Bankers of Nigeria’s annual dinner in […]

 President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL). A statement by Ajuri Ngelale, Special Adviser to the President on Media and Publicity, informed that the President has appointed Pius Akinyelure as Non-Executive Board Chairman of the company. The appointment which takes […]

The Nigerian National Petroleum Company (NNPC Ltd.) has reiterated its unflinching commitment to winning the ongoing war against crude oil theft in the country. The Group Chief Executive Officer (GCEO), NNPC Ltd., Mele Kyari, gave the commitment while making a presentation on the operations of the company under the Petroleum Industry Act (PIA) 2021 at […]

President Bola Ahmed Tinubu has witnessed Nigeria’s signing of $500M renewable energy pact and gas export agreement with Germany on Tuesday in Berlin, Germany, at the 10th German-Nigerian Business Forum. This was dusclosed development was revealed in a state house press release by the Special Adviser to the President, Media & Publicity, Ajuri Ngelale. The […]

Nigeria’s largest mobile network operator, MTN Nigeria, is said to have rebooted talks to acquire the spectrum of licence 9mobile (formerly known as Etisalat). According to sources familiar with the deal, MTN Nigeria and Emerging Markets Telecommunications Service Limited (EMTS), trading as 9mobile in the country are in advanced stage of spectrum trade negotiations as […]

Authorities in Saudi Arabia has asked an Air Peace aircraft  with 264 passengers to return back to Nigeria after it arrived in Jeddah on Monday morning. The flight , which took off from the Murtala Muhammed International Airport, Lagos via the Aminu Kano International Airport, Kano on Sunday night and arrived  Jeddah on Monday. DIPLOMATIC DIARY learnt  […]

Nigeria said Tuesday that it had launched a new grade of crude called Nembe, which it says is particularly suited to the European market. One of Africa’s top producers of crude oil, OPEC member Nigeria, for many years, has struggled with declining production and disruptions to supply due to unrest and oil theft. According to […]

The Enugu Electricity Distribution PLC (EEDC), has has alerted its customers in Enugu of a planned outage by the Transmission Company of Nigeria (TCN) scheduled to take place on Saturday, November 4, 2023. Emeka Ezeh, Head Corporate Communications, EEDC in a statement on Friday, said the outage is to enable the TCN engineers carry out […]

 Future Energies Africa (FEA) Limited has completed the acquisition of Kano Electricity Distribution Company (KEDCO) as its new core investor. KEDCO distributes electricity to Kano, Katsina and Jigawa States. It announced the takeover on Tuesday in a statement signed by its Head, Corporate Communications, Sani Bala Sani. The statement read: “Management is pleased to announce […]

The Advertising Regulatory Council of Nigeria (ARCON), has banned the production of indigenous advertisements in foreign countries. The ARCON Director-General, Olalekan Fadolapo, disclosed this in a press statement on Monday. ARCON said that advertisers must stop the capital flight and development of other countries’ economies by going out of the country to produce adverts meant […]

Most Viewed

President Bola Ahmed Tinubu has returned to Abuja after a six-day activities in Dubai, the United Arab Emirates (UAE) where he participated in the ongoing United Nations Climate Change Conference (CoP28) and some other sidelines engagements. The President arrived at the Nnamdi Azikiwe International Airport, Abuja, on return, at about 6:45 pm. Tinubu had on […]

The House of Representatives has summoned the director-general of the State Security Service (SSS), Yusuf Magaji Bichi, over alleged failed attempt by security agents to forcefully remove the former Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, from the custody of Nigeria Correctional Centre in Kuje, Abuja, in defiance to a subsisting court […]

The Chief of Army Staff, Lieutenant General Toareed Lagbaja on Tuesday tendered unreserved apology to the families and victims of Drone misfire on civilians at Tudun Biri community, Afaka ward, in Igabi Local Government area of Kaduna State. DIPLOMATIC DIARY reports that at  least 80 villagers had died, and over fifty others currently hospitalised with […]

The Academic Staff Union of Universities, has raised the alarm over the mass resignation of lecturers of public universities, in search of greener pastures. The Chairman of the University of Ibadan Chapter of ASUU, Prof. Ayo Akinwole, who disclosed this in Ibadan, Oyo State, said Nigeria’s public universities were in very pitiable conditions with stress […]

The Edo State Governor, Godwin Obaseki, has approved the dates for the payment of the 13th month salary pledge to workers in the State. Commissioner for Communication and Orientation, Chris Nehikhare, who disclosed this in a statement, noted that the governor has continued to prioritise the welfare of workers in the State and has continued […]

The former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is planning to approach the court for the variation of the N300 million bail granted him by a High Court of the Federal Capital Territory (FCT). “Yes, we are still on it. We hope to conclude on the bail issue before the week […]

The Nigerian Air Force, NAF, has put up the Falcon 900B aircraft from the Presidential fleet for sale. NAF said interested persons should freely bid for the purchase of the aircraft. In a post on X, NAF said the aircraft was put up for sale following the Federal Government’s approval. The post reads: “The Federal […]

The All Progressives Congress (APC) in Benue State on Monday said it has uncovered a plot by officials of the State government to stage protests against President Bola Tinubu, the secretary to the government of the federation (SGF) Senator George Akume and the Senate President Godswill Akpabio. In a statement by the Spokesperson of the […]

President Bola Tinubu has sympathized with the families of victims, the people and government of Kaduna State over the bombing mishap in a village at Tundun Biri in Igabi Local Government Area of the state. DIPLOMATIC DIARY earlier reported that the Nigerian Army in its routine operation against terrorists on Sunday night, mistakenly conducted an […]

The Rivers State Police Command has detained four of its personnel for allegedly kidnappining a Port Harcourt hotel staff, Darlington Bieh, and demanding N1million ransom from the family. The victim, who hails from Taabaa in Khana local council, was intercepted by policemen on patrol around Choba in the Obio/Akpor local government area of Rivers State […]