IMF: Dangote Refinery, Supportive Credit Facility, Can Accelerate Nigeria’s Economic Recovery Process
The International Monetary Fund has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting from its…
Month: February 2022
Banks Loan To Private Sector Surged By N5.58 Trillion In 2021
Banks credit to the private sector hit its highest level in December 2021, reaching N35.73 trillion from N30.15 trillion recorded…
Investors Turn To Gold As Stock Stumbles
Stock markets fell on Thursday after Russian-backed separatists and Ukrainian government forces accused each other of firing shells, sending traders…
NETCO boss unveils three books on fuel scarcity, others
The Managing Director, National Engineering and Technical Company Limited, Mr Johnson Awoyomi, has launched three new books on the Nigerian…
CIA elects new president, inducts 170 members
The Chartered Institute of Administration says it has elected a new President/Chairman of Council. According to a statement by the…
Marketers resolve to blend dirty fuel, scarcity persists in states
Oil marketers have resolved to start blending over 100 million litres of adulterated PMS imported into Nigeria over two weeks…
Oil investment in Nigeria now at record low – Report
Oil and gas investment in Nigeria, Africa’s biggest producer, has fallen to a record low, even as the country’s production…
Electricity Gulps 50% Of MSMEs’ Profits, Says NCEEC
The National Centre for Energy Efficiency and Conservation, University of Lagos, has said electricity consumes about 50 per cent of…
‘Only 10% Of Nigerian Farmers Engage In Mechanised Farming’
The National Chairman of Tractor Owners and Hiring Facilities Association of Nigeria, Danladi Garba, on Wednesday, lamented that only 10…
Chinese Businessman Guo Wengui Files For Bankruptcy In U.S. Court
Chinese businessman Guo Wengui, also known as Ho Wan Kwok, filed for individual bankruptcy protection in a U.S. bankruptcy court…
Apple Shareholder ISS Urges To Vote Against CEO Cook’s Bonus
Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Incinvestors to vote against Chief Executive Officer Tim Cook’s remuneration, citing…
PAN dumps Peugeot after over 40 years
PAN Nigeria Limited says it has dropped Peugeot assembly plant and opted for two Chinese brands, Chery and Higer. The…
Experts tell FG – Seek debt moratorium to reduce debt profile
Economic experts have urged the Federal Government to seek a debt moratorium to reduce the cost of funds expended on…
Maritime workers begin strike March 1, vow to ground port operations
The Maritime Workers Union of Nigeria have concluded plans to ground port operations of the International Oil Companies The union…
Fintech firm to launch financial services marketplace
PayPassage is a digital transaction solutions provider set to launch its financial services platform in Nigeria. The financial services platform…
World Bank economist warns countries against excessive borrowing
Delays in dealing with the growing debt burden in poor countries seem unlikely to be resolved by the G20, a…
Buhari appoints Bello-Koko substantive NPA’s managing director
President Buhari has approved the appointment of Mohammed Bello Koko as the substantive managing director for the Nigerian Ports Authority.…
EU Pledges €44 Million To FG’s Jubilee Fellows Scheme For Young Graduates
The European Union has announced a pledge of €44 million for Nigeria’s Jubilee Fellows Programme (NJFP). A youth empowerment partnership…
COREN moves to reposition engineering education
The Council for the Regulation of Engineering in Nigeria said it is adopting an Outcome-Based Education (OBE) system in the…
Bankers In Nigeria May Declare Assets As Senate Moves To Amend 35-Year-Old BEDA Act
The senate on Tuesday considered a bill seeking to amend the 35-year-old Bank Employees Declaration of Assets (BEDA) Act 1986.…
Flutterwave Now Worth Above $3bn After Securing Fresh $250m Funding
Flutterwave says it has raised another $250 million in Series D funding, valuing the company at over $3 billion as…
Bitcoin Spikes To $44,500 Amid Fresh Warning Over ‘Exceptionally High’ Stocks Correlation
Bitcoin (BTC) passed $44,500 at the Wall Street open on Feb. 15 with traders compounding overnight enthusiasm. Data tracked local…
NRC, firm unveil railway advertising platform
The Nigeria Railway Corporation, in collaboration with B2YB, an advisory and consultancy firm, has launched its advertising platform to promote…
FG, Ogun distribute free CAC certificates to MSMEs
Federal Government in partnership with Ogun State Government commenced the distribution of free Corporate Affairs Commission certificates. The distribution was…
Ericsson Shares Fall 9% On Iraq Corruption Probe
Shares of Ericsson fell 9% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that…
Facebook To Pay $90 Million To Settle Privacy Lawsuit
Facebook agreed to pay $90 million to settle a decade-old privacy lawsuit accusing it of tracking users’ internet activity even…
Inflation Hits Louis Vuitton, Price Tags Going Up
Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation…
U.S. Actor Zack Avery Steals $650M From Investors
American actor Zachary Horwitz, professionally known as Zach Avery, swindled investors of $650 million in a huge Hollywood Ponzi scheme.…
Virgin Galactic Stock Rises As Spaceflight Ticket Sales Open With $150,000 Deposit
Space tourism company Virgin Galactic announced Tuesday that it will open ticket sales to the public on Wednesday, requiring a…
BOI Raises €700m Eurobond To Help Businesses With Financial Supports
The Bank of Industry (BOI) has raised a €700 million eurobond to provide funding for the growth of businesses in…