Crypto World Bitcoin And Ether Rise As Ukraine-Russia Tensions Appear To Ease February 15, 2022 akintunde Cryptocurrencies rose on Tuesday with U.S. stock futures as tensions between Ukraine and Russia appeared to be easing. Bitcoin climbed more than 4% to $44,301.94, while ether rose more than…
Local Reps approve Customs’ N369bn budget, raises revenue target by N965bn February 15, 2022 akintunde The House of Representatives Committee on Customs and Excise has approved a budget with estimates totalling N369.14bn for the Nigeria Customs Service in 2022. The House also raised Customs’ revenue…
Local Real Estate N’Assembly– FCT loses N800bn annually to fraudulent estate developers February 15, 2022 akintunde The House of Representatives ad hoc committee has condemned the illegal activities of real estate developers in Abuja, Part of the activities condemned included scamming unsuspecting subscribers and cheating the…
Local FG plans more gas exports to Europe, EU supports Nigeria with N385bn February 15, 2022 akintunde The European Union under its Gateway Initiative has said that it will invest about 820m euros in the Nigerian digital economy sector over the next three years. The Executive Vice…
Local LCCI: CBN’s RT200 FX scheme commendable but needs right mechanisms to thrive February 15, 2022 akintunde Lagos Chamber of Commerce and Industry says the newly introduced forex repatriation scheme needs adequate mechanisms to achieve desired results. Last week, the Central Bank of Nigeria introduced the RT200…
Local Technology NBS: Telcos lost 12.3m internet subscribers in 2021 February 15, 2022 akintunde Nigeria’s internet users dipped by 7.99% to 141.9 million as telecoms operators lost 12.3 million data subscribers in 2021. The National Bureau of Statistics said this in its telecoms data…
Local Power transmission to increase by 1,487MW as TCN gets 15 new transformers February 15, 2022 akintunde The Transmission Company of Nigeria says it has taken delivery of 15 brand new power transformers. The transformers would increase Nigeria’s electricity transmission capacity by 1,487 megawatts, according to TCN.…
Africa Local African Union to receive $11.48 million grant from the African Development Fund February 15, 2022 akintunde The African Union Commission set to receive a grant to the tune of $11.48 million from the African Development Fund. The approval came a few days after the 35th ordinary…
Business Local Nigeria’s Inflation Rate Drops To 15.60% In January February 15, 2022 akintunde The consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in January 2021 (16.47) percent.…
Crypto Local IMF Tells Nigerians— ENaira Better Than Bitcoin, Ethereum, Others February 15, 2022 akintunde The International Monetary Fund has declared central bank digital currencies like eNaira are a better bet than cryptocurrencies. IMF managing director, Kristalina Georgieva said countries were exploring CBDCs and that…
Finance Local 100WF wants more women in Nigeria’s finance industry February 15, 2022 akintunde A global organisation, 100 Women in Finance, has called for greater participation of women in the Nigerian financial industry. The Chief Executive Officer, 100 Women in Finance, Amanda Pullingger, made…
Local CBN seeks to increase credit to agricultural sector February 15, 2022 akintunde CBN Governor Godwin Emefiele has hinted at plans to increase credit to the agricultural sector. He disclosed this at a dinner session with the board of the United Bank for…
Business Market World Russia’s Yandex Eyes $6.5 Bln Annual Revenue In 2022 After FY Profit Slip February 15, 2022 akintunde Russian internet giant Yandex on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects total group revenues to continue their upward trajectory this year…
Technology World India Bans 54 More Chinese Apps Over Security Concerns February 15, 2022 akintunde Spurred by security concerns, India has blocked access to 54 mobile apps, mostly of Chinese origin, among them the game Free Fire, which is owned by Sea Ltd, government sources…
Business World Intel Buying Israeli Chipmaker Tower Semiconductor For $5.4 Billion February 15, 2022 akintunde Intel Corp signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, as Intel looks to further expand its manufacturing capacity and technology…
World Blackstone, Partners Plan $23.77 Bln Recapitalization Of Logistics Firm Mileway February 15, 2022 akintunde Blackstone Inc said on Tuesday existing investors in Mileway, its pan-European last mile logistics company, have agreed to recapitalize the firm for 21 billion euros ($23.77 billion). Existing investors in…
Local World UK’s Minister For Africa, Vicky Ford To Visit Nigeria February 15, 2022 akintunde The UK’s Minister for Africa, Vicky Ford will visit Nigeria next week in what will be her first visit to the country. According to a statement from the UK government,…
Business Local Insurance Firms Earned N630.36bn, Paid N238.05bn Claims – NAICOM February 15, 2022 akintunde Insurance companies in the country earned N630.36bn premium in 2021 and paid N238.05bn as claims, the National Insurance Commission said on Monday. The Head, Corporate Communications and Market Development, National…
Local Lonestar Cell MTN, Liberian firm, sues telecoms operator over ‘cyber attack’ February 14, 2022 akintunde Liberia lonestar Cell MTN, a mobile operator in Liberia, has sued Orange telecom company over the latter’s alleged involvement in cyberattacks experienced in the country in previous years. There were…
Investing Local DMO: We’ll auction N150bn FG bonds to investors on Feb 16 February 14, 2022 akintunde The Debt Management Office says it will auction N150 billion federal government bonds to investors on February 16 2022. This agency announced this in a circular recently published on its…
Local NUPENG set for strike, insists ministry diverting N621bn road fund February 14, 2022 akintunde The Nigeria Union of Petroleum and Natural Gas workers declared its support for the imminent industrial action by the Petroleum Tanker Drivers branch. The union made this announcement on sunday…
Local Market Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts warn February 14, 2022 akintunde Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the sale of foreign exchange to Deposit Money Banks by December…
Local Fuel sells for N400/litre in Abuja, others, scarcity persists in Lagos February 14, 2022 akintunde Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for petrol with the selling price of N400/litre by black marketers. The development came…
Investing Local Saudi Arabia Gives $80B Of Aramco Stocks To Sovereign Public Investment Fund February 14, 2022 akintunde Saudi Arabia said it will transfer 4% of the stock in the state-run oil giant Aramco to its sovereign Public Investment Fund. The infusion is valued at nearly $80 billion.…
Local FG disburses N50bn to boost non-oil exports February 14, 2022 akintunde The Executive Director of the Nigerian Export Promotion Council, Dr Ezra Yakusak, has said the Federal Government has disbursed N50bn Export Development Fund. The beneficiaries are SMEs’ and stakeholders within…
Local NNDC reports N335.42m pretax profit for 2021 February 14, 2022 akintunde The New Nigeria Development Company has reported a profit before tax of N335.42m for the year ended March 31, 2021, compared to N273.22m in 2020. The NNDC is a conglomerate…
Local World Nigerian FG accuses Canada, Twitter of double standards over truck drivers’ protest February 14, 2022 akintunde Nigerian FG lashed at the Canadian government and Twitter for double standard over handling of truckers’ protest against Covid-19 restrictions. The FG position was that Canadian protesters who blocked roads…
Local Nigerians Decry Threat, Intimidation, Cyberbullying By Loan Sharks February 14, 2022 akintunde Some Nigerians have been complaining about improper activities of “loan sharks” who offer them unsolicited loan facilities only to start harassing them when there is delay in repayment. Findings by…
Business Technology World Tesla Sold 59,845 China-Made Vehicles In January February 14, 2022 akintunde U.S. electric vehicle maker Tesla sold 59,845 China-made vehicles in January, the China Passenger Car Association (CPCA) said on Monday. Tesla, which is making Model 3 sedans and Model Y…
Business World Toshiba Sets March 24 For Preliminary Vote On Break-Up Plan February 14, 2022 akintunde Japan’s Toshiba Corp plans an extraordinary general meeting of shareholders on March 24, to seek their initial approval to hive off its devices business, the company said on Monday. The…
