Fish importation to stop in 2022 – FG
Fish importation will stop in 2020, the Federal Government has assured. It said it would encourage local fish production to…
Day: February 5, 2020
Coronavirus: Ethiopian undertaking all China flights, Nigeria issues advisory
The air travel impact of the raging corona virus is hitting home here in Africa with two major developments from…
How some experts are explaining Tesla’s insane stock
Tesla (TSLA) shares continued their mind-bending rally on Tuesday. After gaining almost 20% on Monday, the stock rallied another 13.73%…
Wall Street recovery continues on China stimulus measures
The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six…
Dangote tomato company resumes production in Kano
The Dangote Tomato Processing Company, Kadawa, says it has recruited no fewer than 100 skilled and casual workers ahead of…
Nigerian Breweries to raise N45bn from commercial papers
Nigerian Breweries has revealed plans to raise N45bn from its commercial paper issuance. The company announced the launch of Series…
Nasdaq cuts gains as Tesla shares plunge
A plunge in Tesla shares spoiled some of the market’s comeback rally on Wednesday, pushing the Nasdaq Composite well off…
Fund of funds, missing link in Nigeria’s mutual fund industry
The Nigerian mutual fund industry has come a long way. From one fund with less than N20 million in 1991…
NAHCO reacts to $8.06 million intercepted by Customs at Lagos Airport
The Nigeria Customs Service disclosed on Tuesday that it intercepted $8.06 million at the Murtala Muhammed International Airport, Lagos from…
Currency in circulation increases by N240 billion in one month
The currency in circulation increased by N240 billion between November and December 2019. This was stated in the Central Bank…
SON destroys N480m substandard goods, raises concerns about importation
Notwithstanding the closure of the land borders by the Federal Government, the Standards Organisation of Nigeria (SON), has said many…
Siemens licenses Tranos to manufacture power boards locally
Nigeria’s leading engineering and manufacturing company – Tranosis pleased to announce a new partnership with Siemens for the manufacturing of…
Challenges loom for Nigeria as OPEC may cut 500,000bpd
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia, will further cut oil supply…
FG approaches China for $17bn loans
The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It…
Banks recover N39.4bn non-performing loans from ICT sector
Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications Technology sector in one year. As…
Customs investigate $8.07m seized at Lagos airport
The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos. The Comptroller…
FAAN terminates firm’s contract on Lagos airport tollgate
The Federal Airports Authority of Nigeria has terminated the concession of the tollgate of the Murtala Muhammed International Airport, Lagos…
Alphabet shares tumble as Google underwhelms
Alphabet reported quarterly revenue that missed analysts’ estimates on waning search advertising growth, while new sales numbers on YouTube also…
Stock investors lose N207bn in 2 days
The equities market went down for two straight days yesterday following losses in some blue chip companies with investors losing…