Fed Govt Lists New Savings Bonds On NGX
The Federal Government at the weekend listed its latest monthly issuances of savings bonds on the Nigerian Exchange (NGX), paving…
Day: January 10, 2022
FG Loses N1.474tn To 222 Terminal Shutdowns In 10 Months
Nigeria’s crude oil earnings were depleted by about N1.474tn between January and October 2021 due to various concerns at terminals…
Nigeria: NANS Rejects N10 Per Litre Tax On Soft Drinks
The National Association of Nigerian Students in the South-West zone has condemned the Federal Government’s plan to introduce N10 per…
Political Selection Of Discos By Jonathan Administration Cause Of Sector Failure – Nigeria President
President Buhari has berated the GEJ administration for the non-credible selection process of distribution companies. Pres Buhari attributed the current…
EU plans law requiring tech firms to do more to combat child abuse
The European Union plans to pass a law requiring technology companies to do more to tackle child sexual abuse. EU…
Testing Firms To Lose Revenues As U.K. Abolishes Pre-Arrival Covid Tests
The United Kingdom has abolished the requirement for a negative PCR result to enter the country dealing a blow to…
Nigeria: Debt Servicing Gulps 76% Of Revenue, Experts, Buhari Disagree On Borrowings
The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum…
Dangote, Adenuga, Rabiu Pocket N2.35tn In 2021
Nigeria’s three richest men, Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu saw their combined wealth jump by 33.9 percent to…
Facebook parent’s head of communications leaves company
The head of communications at Facebook parent Meta Platforms Inc (FB.O), John Pinette, is leaving the company, the social media…
Shares of Chinese developer Shimao jump on report that it’s selling all of its real estate projects
Shares of Shimao spiked nearly 7% on Monday after Chinese business publication Caixin reported the embattled developer is selling all…
Sonos Wins Google Import Ban Ruling In U.S. Patent Fight
A U.S. trade court barred Google late Thursday from importing products that infringe home-audio company Sonos’ smart-speaker patents. The U.S.…
Oil price nears $83 as fears over Omicron ease
Global oil prices continued to gain ground above $80 per barrel on Friday, helped by a growing consensus that demand…
Investor group backs mPharma’s Series D with $35mln
MPharma health tech startup is building a network of community pharmacies across Africa, with plans to be the primary healthcare…
Google chooses SafeBoda for Africa fund’s first deal
Google’s first investment from its Africa Investment Fund has gone to SafeBoda, a transport startup with operations in Uganda &…
Nigeria:FG seeks to increase revenue to 15% of GDP
The Federal Government has said it will increase its revenue to 15 per cent of Gross Domestic Product by 2025.…
Heirs Holdings Launches Tender On OML 17
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in Nigeria.…
Nigeria: Capital Importation Rises 97% To $1.73bn In Q3’21
The National Bureau of Statistics, NBS, has said that capital importation rose sharply, quarter-on-quarter (QoQ) by 97 percent to $1.73…