SLIDE Archives - Page 220 of 368

FG Approves 40% Peculiar Allowance For Civil Servants Amid Labour Pressure 0

May 13, 2026

The Federal Government of Nigeria has approved a 40 per cent peculiar allowance for civil servants following sustained pressure from labour unions and mounting threats of industrial action over wages and working conditions. The approval is part of ongoing efforts to address long-standing salary concerns within the federal civil service and to cushion workers against

Otedola Strengthens Banking Stake With N43bn First HoldCo Share Purchase 0

Nigerian billionaire businessman Femi Otedola has expanded his investment footprint in the financial sector with the acquisition of shares in First HoldCo Plc valued at over N43bn, according to market disclosures. The latest transaction further consolidates Otedola’s position as one of the most influential shareholders in Nigeria’s banking industry, reinforcing his long-term strategic interest in

Tinubu Says Nigeria Will Spend Nearly Half Of 2026 Revenue On Debt Servicing 0

NEWS, SLIDE

May 13, 2026

Bola Tinubu has disclosed that Nigeria is projected to spend about $11.6bn servicing its debt obligations in 2026, representing nearly half of the country’s expected revenue for the year. The President made the statement while addressing concerns over Nigeria’s fiscal outlook, rising debt profile, and the pressure debt servicing continues to place on government finances.

Dangote Refinery Supplied 79% Of Nigeria’s Petrol In April — NMDPRA Data 0
- BUSINESS, SLIDE
- May 13, 2026
The Dangote Refinery supplied approximately 79 per cent of Nigeria’s petrol consumption in April, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The figures underscore the growing dominance of the Lagos-based refinery in Nigeria’s downstream petroleum market as local refining capacity continues to expand following years of dependence
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NNPC And NUPRC Remit N322bn, $116.9m After Tinubu’s Executive Order 9 Takes Effect 0
- BUSINESS, SLIDE
- May 12, 2026
Revenue inflows into Nigeria’s Federation Account have recorded a significant boost as the Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission jointly remitted over N322bn and $116.9m within two months of the implementation of Executive Order 9 signed in February 2026. The figures were contained in documents presented at recent Federation
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Oil hits $104 as US-Iran peace deal fails 0
- BUSINESS, SLIDE
- May 12, 2026
Global crude oil prices surged to around $104 per barrel on Monday following escalating tensions between the United States and Iran, after both sides failed to reach an agreement aimed at ending the ongoing conflict in the Middle East. The market reaction comes amid renewed uncertainty over a potential ceasefire, with U.S. President Donald Trump
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