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Year: 2022

FG Urges Turkey to Invest in Nigeria’s Onshore Oil Assets
Local

FG Urges Turkey to Invest in Nigeria’s Onshore Oil Assets

The Nigerian government yesterday urged Turkish authorities to consider funding major oil and gas projects in the West African country,…

byakintundeMarch 9, 2022
IWD: Buhari, Others Extol Virtues of Nigerian Women, Call for Better Appreciation
Local

IWD: Buhari, Others Extol Virtues of Nigerian Women, Call for Better Appreciation

As the world celebrated International Women’s Day (IWD) yesterday under the theme “Gender Equality Today for a Sustainable Tomorrow,” President…

byakintundeMarch 9, 2022
Global Women Network to Hold Tech Seminar in Abuja
Local

Global Women Network to Hold Tech Seminar in Abuja

Global Women Network, a nongovernmental organization based in the United Kingdom with roots in Nigeria, is hosting a seminar to…

byakintundeMarch 8, 2022
Fintech company inaugurates programme for regulators, providers
Local

Fintech company inaugurates programme for regulators, providers

EMTECH, a fintech firm for central banks and regulators, and Global Infoswift Consulting have launched FINREG Learn, a capacity-building program…

byakintundeMarch 8, 2022
Nigeria Google customers to pay 7.5% VAT from April 1
Local

Nigeria Google customers to pay 7.5% VAT from April 1

Google, the technology giant, has announced that Nigerians who use its platform to conduct business will be required to pay…

byakintundeMarch 8, 2022
Oil-producing communities kick, want Senate to review PIA
Local

Oil-producing communities kick, want Senate to review PIA

Members of the Host Communities Producing Oil and Gas are fighting identified loopholes in the Petroleum Industry Act and urging…

byakintundeMarch 8, 2022
Investors lose N4 billion as NGX reopens bearish
Local

Investors lose N4 billion as NGX reopens bearish

The Nigerian Exchange Limited (NGX) sustained a sliding profile at the reopening of transactions, yesterday, as many blue-chip stocks, especially…

byakintundeMarch 8, 2022
Customs bow to pressure, suspend e-valuation of imported vehicles
Local

Customs bow to pressure, suspend e-valuation of imported vehicles

The Federal Government through the Nigeria Customs Service on Monday announced a 31-day suspension of the controversial electronic valuation system…

byakintundeMarch 8, 2022
FIRS, others’ revenue collection cost rises by 49%, hits N329bn
Local

FIRS, others’ revenue collection cost rises by 49%, hits N329bn

The cost of revenue collection by key revenue-generating agencies of the Federal Government rose by N108.98bn between 2019 and 2021.…

byakintundeMarch 8, 2022
CBN’ll boost local production with agric initiatives, says Emefiele
Local

CBN’ll boost local production with agric initiatives, says Emefiele

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has expressed satisfaction with what he described as the high interest…

byakintundeMarch 8, 2022
Russia-Ukraine Conflict: Implications for Nigeria’s Wheat Importation
Local

Russia-Ukraine Conflict: Implications for Nigeria’s Wheat Importation

The invasion of Ukraine by Russia could affect Nigeria’s importation of wheat, a major ingredient used for the production of…

byakintundeMarch 8, 2022
FG Insists Nigeria Has Enough Petrol in Stock, Says Supply Disruption an Accident
Local

FG Insists Nigeria Has Enough Petrol in Stock, Says Supply Disruption an Accident

Despite the growing queues across the country, the federal government has maintained that there is enough petrol in the depots to…

byakintundeMarch 8, 2022
Qatari Investments In Nigeria to Hit N500bn, Says Envoy
Local

Qatari Investments In Nigeria to Hit N500bn, Says Envoy

With current renewed efforts at strengthened bilateral relations, the State of Qatar has forecasted that its level of investment in…

byakintundeMarch 8, 2022
NEITI: Companies Owed FG N1.32trn in 2020, Oil Revenue Dipped by 40%
Local

NEITI: Companies Owed FG N1.32trn in 2020, Oil Revenue Dipped by 40%

The Nigeria Extractives Industries Transparency Initiative (NEITI) revealed yesterday that oil companies’ liabilities to the federation as of December 31st,…

byakintundeMarch 8, 2022
US Firm, Kimberly-Clark Expands Investment in Nigeria to over $100m
Local

US Firm, Kimberly-Clark Expands Investment in Nigeria to over $100m

The United States has stated that it is proud to be one of the largest foreign investors in Nigeria, as…

byakintundeMarch 8, 2022
World Bank approves $723 million emergency financing package for Ukraine
Local

World Bank approves $723 million emergency financing package for Ukraine

The World Bank has approved a $723 million grant package for Ukraine, which would help the country’s government budget while…

byakintundeMarch 8, 2022
Fed Govt, Ukraine turn back volunteer fighters
Local

Fed Govt, Ukraine turn back volunteer fighters

The Federal Government has stated its opposition to the recruitment of Nigerians as mercenaries to fight in Ukraine or elsewhere…

byakintundeMarch 8, 2022
APC crisis: Why Buhari approved Buni’s sack
Local

APC crisis: Why Buhari approved Buni’s sack

Prominent leaders of the All Progressives Congress (APC) confirmed yesterday that President Muhammadu Buhari approved the removal of the chairman…

byakintundeMarch 8, 2022
Excitement as Benin Republic grants Sunday Igboho conditional release
Local

Excitement as Benin Republic grants Sunday Igboho conditional release

The Benin Republic has granted the embattled Yoruba nation agitator, Sunday Adeyemo (a.k.a. Sunday Igboho), a conditional release. According to…

byakintundeMarch 8, 2022
NCDMB: Afreximbank Invested over $42bn in African Enterprises in Five Years
Local

NCDMB: Afreximbank Invested over $42bn in African Enterprises in Five Years

The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that the African Export-Import Bank (Afreximbank) had invested more than…

byakintundeMarch 8, 2022
Oil could hit $150/barrel if the West sanctions Russia’s energy exports
Local

Oil could hit $150/barrel if the West sanctions Russia’s energy exports

Since Russia began its special military operation in Ukraine, the United States and other European nations have been reluctant to…

byakintundeMarch 7, 2022
Worries as global powers launch new ‘scramble for Africa’
Local

Worries as global powers launch new ‘scramble for Africa’

There is another scramble for Africa according to international media, but this time it is about who can best profit…

byakintundeMarch 7, 2022
Transcorp Hotels profit increases by 143% as revenue hits N21.7 billion
Local

Transcorp Hotels profit increases by 143% as revenue hits N21.7 billion

Transcorp Hotels Plc has announced its audited financial statements for the full year ended December 31, 2021, showing 114 per…

byakintundeMarch 7, 2022
Stock Market Begins First Trading Week with N32bn Decline
Local

Stock Market Begins First Trading Week with N32bn Decline

The stock market of the Nigerian Exchange Limited (NGX) commenced March dropping by N32billion on investors’ profit-taking in large-mid capitalised…

byakintundeMarch 7, 2022
UBA’s profit rose to N153bn in 2021
Local

UBA’s profit rose to N153bn in 2021

United Bank for Africa Plc said it recorded N153bn profit for the 2021 financial year ended December 31, 2021. This…

byakintundeMarch 7, 2022
CBN plays lead role in agric to create jobs, says Emefiele
Local

CBN plays lead role in agric to create jobs, says Emefiele

The CBN governor Godwin Emefiele has expressed satisfaction with the level of interest and the impact the agriculture sector has…

byakintundeMarch 7, 2022
Ukraine-Russia war: Nigeria, others may face commodity supply disruptions, says IMF – Punch
Local

Ukraine-Russia war: Nigeria, others may face commodity supply disruptions, says IMF – Punch

The International Monetary Fund says countries that have very close economic links with Ukraine and Russia are at particular risk…

byakintundeMarch 7, 2022
Mining, quarrying sector contributed N5.37tn to GDP in 2021’
Local

Mining, quarrying sector contributed N5.37tn to GDP in 2021’

The mining and quarrying sector recorded a total contribution of N5.37tn to the Gross Domestic Product in 2021, according to…

byakintundeMarch 7, 2022
Mortgage rates plunge just as home prices set another record
LocalReal Estate

Mortgage rates plunge just as home prices set another record

Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices…

byakintundeMarch 3, 2022
Russia’s Sberbank collapses 95% on London stock exchange as it exits Europe
MarketTrade

Russia’s Sberbank collapses 95% on London stock exchange as it exits Europe

Shares of Russia’s Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny after the bank announced…

byakintundeMarch 3, 2022

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