Nigeria Recorded $1.1 Billion Foreign Trade Balance In Q4 2021
Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill…
Author: akintunde
Ghana Cedi Ranked As Second Worst Performing Currency
The Ghana cedi has been ranked as the second worst-performing currency. The local currency has depreciated by 4.70% to the…
Beijing Insurance Coverage To Now Cover Fertility Services
Beijing will include more than a dozen fertility services in a government-backed medical insurance scheme for the Chinese capital, state…
Investigation Claims Credit Suisse Handled Dirty Money
Credit Suisse handled billions of dollars in dirty money for decades, an international media investigation based on a massive data…
Nigerian Content Attracts $8bn Annually, Says NCDMB
The implementation of the Nigerian Oil and Gas Industry Content Development Act has created over 50,000 direct jobs in the…
Ghana accuses harassed Nigerians of tax evasion, flouting rules
The CEO of Ghana Free Zones Authority, Amb. Michael Ocquaye has said Nigerian businessmen accusing Ghanaian authorities have been found…
No sugar scarcity, production not reduced, says FG
The Federal Government on Wednesday refuted claims of imminent sugar scarcity in Nigeria. FG further stressed that there was also…
NNPC- How we rejected five cargoes of adulterated petrol
The Nigerian National Petroleum Company Limited on Wednesday disclosed how five cargoes containing ethanol-laden petrol were rejected after discovering that…
Peter Obi- Borrowing for consumption is Nigeria’s major challenge
Peter Obi, former governor of Anambra, says borrowing for consumption is Nigeria’s major challenge. He said this in a tweet…
Ikoyi Building Collapse: Lagos To Demolish Remaining Skyscrapers, Prosecute Culpable Officials
The Lagos State Government has accepted 26 recommendations of the Toyin Ayinde-led panel. The panel was set up to investigate…
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…
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.…