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NUPRC sets up regulatory against revenue loss
As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the commission has come up with a policy framework that will enhance proper monitoring,…
Nigerian business leaders consider drive to back poorest as prices surge
Nigeria’s private sector should work with the government to develop welfare initiatives after economic reforms left people struggling with the cost of living, the country’s top business leaders told Semafor Africa, according to a report by Semafor. President Bola Tinubu…
Eleven in contention for $100,000 The Nigeria Prize for Literature
The Advisory Board for The Nigeria Prize for Literature today announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama. The literature prize is sponsored…
FG tightens the screw against borrowers
The Central Bank of Nigeria will likely continue raising its key interest rate in the coming days and months to support a devalued naira, according to a report by Reuters and reviewed by The Oracle Today. The report stated that…
Will palliatives compensate for inflation impacts?
Sopuruchi Onwuka Federal government says the Central Bank of Nigeria (CBN) will begin distribution of grains and fertilizer from Monday as part of the efforts to cushion the impact of fuel subsidy removal and the associated jumps in the prices…
Analysts hiss as FG celebrates N5.6 trn H1 tax income
Sopuruchi Onwuka Federal government recorded slight increment in tax revenues in the first half of the year despite the palpable depression in the economy associated with depreciation in the value of the Naira and jumps in inflation. The N5.6 trillion…
Russian patients escape hospital with deadly infection
Local officials in Russia are in panic after patients infected with deadly anthrax virus escaped hospital beds in Tuva, a republic in Russia’s southern Siberian region. According to government medium, TASS, the patients were sent to hospital after a dinner…
ICC warrant: S. Africa offers Putin virtual presence at BRICS’ Jo’burg summit
After all the tough talks, the government of South Africa has finally made its choice to align with the international community which has issued warrant of arrest on President Vladimir Putin of Russia for war crimes in Ukraine. The August…
American FDA clears biotech firm for potential HIV cure
Sopuruchi Onwuka The United States health regulator, the Food and Drug Administration, has cleared Excision BioTherapeutics Incorporated to proceed with its CRISPR gene-editing technology which presents new hopes for cure of the lingering Human Immuno-deficiency Virus popularly called HIV which…
New facts emerge on NNPC operations, record profit claim confirmed
Fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021.The latest facts appear to contradict some…
