Uber, Bolt riders lament over high charges, as Okada ban persists in Lagos
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the…
Month: February 2020
Customs seizes bags of contraband rice disguised as beans
Adamawa/Taraba State Customs Command of the Nigeria Customs Service, NCS, has impounded trailer load of 330 kilogrammes of Pangolin scales,…
NSE to complete demutualisation process, April 24
All is now set for the final conversion of the Nigerian Stock Exchange, NSE, to a public liability company as…
FG discovers crude oil in north, says there’s more
About one billion barrels of crude oil has been discovered in the North-Eastern part of Nigeria, the Minister of State…
Harmattan grounds foreign, domestic flights in Nigeria
Harmattan hays have caused flight cancellation and delay in the Nigerian Aviation sector grounding foreign airlines throughout the week. The harmattan has led…
Access Bank N15bn Green Bond sets for cross listing
The Access Bank’s proposed listing of its N15 billion Green Bond on the Luxembourg Stock Exchange (LuxSE) has created some…
BPE to raise N267bn from privatization of 20 coys
The Director-General of the Bureau of Public Enterprises, BPE, Mr Alex Okoh, has advised against re-nationalisation of the nation’s electricity…
Stocks gain as data shows lower new coronavirus cases
Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases since late…
Production, employment’s growth slow in January – CBN
Production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in January…
NLNG achieves 83 percent of its Nigerianisation target
THE Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process…
Brexit may present Nigeria mixed trade opportunities
The recently concluded deal on Britain’s exit of the European Union, popularly called Brexit, may present Nigeria with transaction uncertainty…
Dangote remains Africa’s wealthiest person for 9th consecutive year
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa,…
Hike in CRR may impair credit allocation to real sector — Rewane
The recent increase in banks’ Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN) to 27.5 percent may…
‘Infrastructure development in Lagos will boost diaspora investment’
Governor Babajide Sanwo-Olu has said the ongoing infrastructural development programme of the Lagos State Government, is a deliberate effort to…
Google launches $1 million fund for online safety
In a bid to support innovative ideas around privacy, safety and security in Sub-saharan Africa, Google has launched a $1 million pan-African…
AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant…
Trade challenges ahead for the shipping industry
BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community Shipowners’ Associations) is…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that…
Customs to take delivery of 3 scanners by Q2’20
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard…
Cargo diversion: Maersk, Safmarine deny dumping Lagos ports
CONTRARY to media reports, the world’s largest container carrier, Maersk and its sister company Safmarine have denied stopping their shipping…
FG fails to meet revenue projection for 2019, as revenue hits decline mode
The Federal Government made N1.1 trillion from Value Added Tax (VAT) in twelve months, with the Federal Inland Revenue Service…
Canada invites fresh 3,500 candidates to apply for Permanent Residence
The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent residence in a draw…
Andela partners Facebook, UNODC to host Hackathon4Justice
Andela, Facebook and the United Nations Office on Drugs and Crime (UNODC) joined hands as they hosted the ‘Hackathon4Justice’, a…
U.S. okays NSIA to manage $318m Abacha loot
THE Nigeria Sovereign Investment Authority (NSIA) will manage the $318 460,329 Abacha loot, the repatriation of which was secured last…
5.4m poor Nigerians now receiving N5,000 monthly – FG
The federal government through the National Social Safety Nets Coordinating Office (NASSCO), says a total of 5,433,394 Nigerians are now…
Early Facebook investor Peter Thiel cashes in 80% of his remaining stock in the social media giant (FB)
Peter Thiel, an early investor in Facebook , dumped $11 million worth of the social media giant’s stock on February…
SON shuts 13 steel factories over infractions
The Standards Organisation of Nigeria (SON) National Steel Task Force has sealed 13 steel factories across the country for standards…
Investors lose N153.6 billion on Monday as ASI dip 1.05%
Stock market investors lost N153.6 billion at the start of the week to a bearish trade session after the market…