Local How CBN is stabilising Naira –Emefiele March 25, 2022 akintunde In his virtual goodwill message at the opening of the 32nd Seminar for Finance Correspondents and Business Editors in Akure, Emefiele, who was represented by the Deputy Governor, Corporate Services…
Local FG disburses N142.6m to 14 tertiary institutions for mineral research March 23, 2022 akintunde Mr. Olamilekan Adegbite, the Minister of Mines and Steel Development (MMSD), announced on Tuesday that N142.6 million had been distributed to 14 tertiary institutions in Nigeria to perform mineral deposit…
Local 6.4 million applied for N-Power Batch-C programme –FG March 23, 2022 akintunde Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management, and Social Development, revealed on Tuesday that the Federal Government received 6.4 million applications for its N-Power Batch-C youth empowerment scheme. N-Power…
World Chelsea sanctions spark fresh debate over football finance March 23, 2022 akintunde The crisis that has engulfed Chelsea as a result of the penalties imposed on Russian billionaire owner Roman Abramovich has prompted a new discussion over the money that fuels Europe’s…
Local Energy crisis: MAN bemoans power crisis, high cost of diesel March 23, 2022 akintunde As Nigeria’s energy crisis continues to buffet businesses across the country, the Manufacturers Association of Nigeria (MAN) has urged the federal and state governments to rescue industries from the current…
Local FG will continue to boost business reforms, private sector investment, says Osinbajo March 23, 2022 akintunde Yemi Osinbajo has said Federal Government will continue to partner with the private sector to ensure wholesome national development. He disclosed this, yesterday, at the commissioning of the state-of-the-art Toyota…
Banking Local Russia-Ukraine: Nigerian banks not under any major risk, says S & P March 23, 2022 akintunde The ongoing Russia-Ukraine conflict will have no major negative impact on the overall operations and assets quality of Nigerian banks. In a review, S & P Global Ratings said given…
Local Buhari summons Gov. Uzodinma, Power Minister, Economic Adviser March 22, 2022 akintunde President Muhammadu Buhari on Monday summoned Governor Hope Uzodinma of Imo, Minister of Power, Abubakar Aliyu, and his Chief Economic Adviser, Prof. Doyin Salami, to a meeting at the Presidential…
World Brent rises to $115 as EU considers Russia oil ban March 22, 2022 akintunde Brent crude, the global oil benchmark, rose 7.3 percent, or $7.88, to $115 per barrel at 7.54 p.m. Nigerian time on Monday, as European Union nations pondered joining the US…
Local FG scraps PCR test for fully vaccinated travellers March 22, 2022 akintunde The Federal Government announced on Monday that fully vaccinated inbound travelers will no longer be needed to perform a pre-departure PCR COVID-19 test. The FG stated, however, that they will…
Local Buhari inaugurates 3m metric tonnes Dangote Fertiliser Plant March 22, 2022 akintunde The President, Major President, Major General Muhammadu Buhari (retd.), has inaugurated the three million metric tonnes Dangote Fertiliser Plant in Lagos. The inauguration took place on Tuesday at the Lagos…
Africa Agriculture Optimism rises for increased cocoa yield in Ivory Coast March 22, 2022 Ekemini After a prolonged dry season almost cast doubt over Ivory Coast’s ability to record good cocoa yields during the April-to-September mid-cropping season, heavy rainfalls last week have finally revived farmers’…
Local OPEC+ Compliance Jumped To 136% In February, Say Delegates March 22, 2022 akintunde Compliance among deal-bound members of the Organisation of Petroleum Exporting Countries (OPEC) and allies OPEC+ rose to 136 per cent in February from 129 per cent in January, according to…
Local Stakeholder: CBN’s $250m Intervention in Discos’, TCN Interface Will Stabilise Power Grid March 22, 2022 akintunde The intervention of the Central Bank of Nigeria (CBN), in the rehabilitation of interfaces between Nigeria’s transmission and distribution infrastructure to the tune of of $250 million will help in…
Local FAAC meets today as NNPC deductions threaten states’ allocations March 22, 2022 akintunde The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation…
Local CBN to meet NNPC, finance ministry over petrol scarcity March 22, 2022 akintunde The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Monday said that the management of the apex would meet with the Nigerian National Petroleum Company Limited (NNPC) and…
Local Massive oil thefts threatening external reserves, revenue – MPC March 22, 2022 akintunde The Monetary Policy Committee of the Central Bank of Nigeria on Monday decried the negative impact of the increasing oil thefts on the economy. The Governor, Central Bank of Nigeria,…
Local Buhari inaugurates Lagos intl airport terminal today March 22, 2022 akintunde The President, Major General Muhammadu Buhari (retd.), is to inaugurate the newly built international terminal of the Murtala Muhammed Airport, Lagos, on Tuesday (today).The new international terminal is one of…
Technology Pinterest Unveils a Range of Shopping and Advertising Updates March 21, 2022 Ekemini Pinterest has announced a range of new updates and additions as part of its second annual Pinterest Presents’ global advertiser summit. Pinterest announced new features this past week that enable…
Africa Tennessee State expanding technology program in Africa March 21, 2022 Ekemini Tennessee State University is expanding a technology program for underserved students in Africa to four additional countries. Ghana, Malawi, Nigeria and Zambia will join Liberia and South Africa with online…
Market Nigerian companies shun IPOs, raise N111bn via CPs March 21, 2022 Ekemini investigations reveal that the value of CP issuances in recent times has risen to N128.25 billion thus far in 2022 with at least 21 companies raising about N111.34 billion. Data…
Local Opinion Tips FG commends SON for topping the rating index in ease of doing business March 21, 2022 Ekemini The Federal Ministry of Trade and Investment has commended the Standards Organisation of Nigeria, SON, for coming as the topmost agency in the latest Ease of Doing Business index by…
Agriculture Local Nigeria: Reforms in Agro-Export, Proceed Repatriation Take Shape Albeit At Slower Pace March 21, 2022 Ekemini The federal government’s drive to provide a conducive environment for businesses appeared to have gained traction but at a slower pace going by recent updates by the Presidential Enabling Business…
Crypto World Malaysian comms official calls the state to legalize crypto and NFTs March 21, 2022 Ekemini The Malaysian Ministry of Communications and Multimedia is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto. Deputy communications and multimedia minister Datuk…
Crypto How Ukraine embraced cryptocurrencies in response to war March 21, 2022 Ekemini Ukraine’s digital transformation deputy has instructed his officials to set up official government wallets that could accept payments in cryptocurrency. As queues built up outside cashpoints and supermarkets in Kyiv,…
Local FG’ll tap $2.2bn Eurobond for fuel subsidy funding– Minister March 21, 2022 akintunde Crude oil production drops as Nigeria misses OPEC quota again The FG is planning to tap $2.2bn by this month or next of the money it raised in a Eurobond…
Finance Local Reps go after 77 oil firms over unremitted N2.6tn revenue March 21, 2022 akintunde The House of Representatives commenced an investigative hearing on the N2.6tn owed the Federal Government by 77 oil companies operating in Nigeria. The House is acting on the 2019 report…
Finance Local CBN to Introduce Bank Cash Hubs, Releases Guideline March 21, 2022 akintunde The Central Bank of Nigeria has released a draft guideline for the registration and operation of Bank Neutral Cash Hubs which are to serve as central cash deposit points for…
World Ukraine and the west’s double standard March 18, 2022 akintunde Multilateralism did not die with the invasion of Ukraine by Russia. It died a long time ago. It died when George Bush’s United States attacked a sovereign country called Iraq…
Local Lagos airport, three others to get concessionaires next week March 18, 2022 akintunde The Federal Government has finalized plans to announce approved concessionaires for the quadrupling of Lagos, Abuja, Port Harcourt, and Kano airports the following week. Murtala Muhammed International Airport (MMIA) will…
