NUPENG set for strike, insists ministry diverting N621bn road fund
The Nigeria Union of Petroleum and Natural Gas workers declared its support for the imminent industrial action by the Petroleum…
Author: akintunde
Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts warn
Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the…
Fuel sells for N400/litre in Abuja, others, scarcity persists in Lagos
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for petrol with the…
Saudi Arabia Gives $80B Of Aramco Stocks To Sovereign Public Investment Fund
Saudi Arabia said it will transfer 4% of the stock in the state-run oil giant Aramco to its sovereign Public…
FG disburses N50bn to boost non-oil exports
The Executive Director of the Nigerian Export Promotion Council, Dr Ezra Yakusak, has said the Federal Government has disbursed N50bn…
NNDC reports N335.42m pretax profit for 2021
The New Nigeria Development Company has reported a profit before tax of N335.42m for the year ended March 31, 2021,…
Nigerian FG accuses Canada, Twitter of double standards over truck drivers’ protest
Nigerian FG lashed at the Canadian government and Twitter for double standard over handling of truckers’ protest against Covid-19 restrictions.…
Nigerians Decry Threat, Intimidation, Cyberbullying By Loan Sharks
Some Nigerians have been complaining about improper activities of “loan sharks” who offer them unsolicited loan facilities only to start…
Tesla Sold 59,845 China-Made Vehicles In January
U.S. electric vehicle maker Tesla sold 59,845 China-made vehicles in January, the China Passenger Car Association (CPCA) said on Monday.…
Toshiba Sets March 24 For Preliminary Vote On Break-Up Plan
Japan’s Toshiba Corp plans an extraordinary general meeting of shareholders on March 24, to seek their initial approval to hive…
DFI Signs Off On Investment In Knife Capital’s Latest Fund
Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series…
Report: Ghana, Kenya to face debt risks in next two years
Standard Bank Group Limited says five major African economies will face debt risks over the next two years as pandemic…
Novastar Ventures Leads Seed Round For Kenya-Based BasiGo
Kenyan-based electric vehicle technology and financing startup BasiGo has closed a $4.3 million seed funding round. The funding was led…
General Atlantic Makes First African Technology Investment
The pandemic has accelerated the use of telemedicine, virtual care and drug delivery, thus fuelling investor interest in the sector.…
Afreximbank’s FEDA Backs Mauritanian FMCG Business
African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented…
Oil Price Rises To $95 A Barrel Amid Russia-Ukraine Tensions
Brent crude oil rose to $95 a barrel for the first time since October 2014 amid between Russia and Ukraine. Brent…
Apple To Raise Salary Of Its US Retail Employees
Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The…
EU Is Nigeria’s Largest Trading Partner, Says Envoy
The European Union Ambassador in Nigeria, Samuela Isopi, has said the EU bloc is the largest trading partner and key…
UK Economy Grew 7.5% In 2021, Mostly Recovering From Its Pandemic Plunge
The British economy grew 7.5% in 2021, official figures revealed Friday, rebounding from its historic 9.4% plunge in 2020 when…
NNPC May Spend N201bn To Clean 170.25m Litres Of Dirty Fuel
The Nigerian National Petroleum Company Ltd. may need an estimated N201 billion worth of clean Premium Motor Spirit (petrol), to…
Petrol transporters gradually halt operations over low freight rates
Transporters of PMS on Thursday said the nationwide scarcity of PMS was partly due to the gradual halt in the…
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
Delivery Hero CEO Apologizes To Investors After Share Drops By 30%
The boss of European food delivery firm Delivery Hero has apologized to investors after shares of the company plummeted more…
FirstBank Felicitates With Junior Achievement Nigeria On Nobel Peace Prize Nomination
In recognition of the giant strides and efforts by Junior Achievement Worldwide – the parent body of Junior Achievement Nigeria…
NUPENG threatens strike, alleges FG fails to fix 21 highways
The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday threatened to begin…
MTN Pays $253.86 Million Balance To NCC For 5G Licence
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth generation (5G) licence fee to the…
Audit query: Reps summons ITF boss over four-year unapproved spending
Acting DG Mrs Adesola Taiwo of Industrial Training Fund was summoned by the House of Representatives Committee on Public Accounts.…
Tesla To Recall 578,607 Vehicles In United States
Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able…
NIMC portal: Telcos bow to pressure, begin server configuration to vNIN platform
Telecommunication operators have begun preparations towards migrating to the Virtual NIN platform in a bid to resolve the technical difficulties…
NBC grants TV broadcast licence to NYSC
The National Broadcasting Commission has granted an operational licence to the National Youth Service Corps for the commencement of direct…