NNPC Advice Against Panic Buying Of Petrol
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage in panic…
Category: Local
IMF Advice Nigeria To Prepare For Financial Turbulence
The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need…
Nigeria: Marketers Raise Diesel Price To N355 – N360
The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria…
Uber Launch UberMoto In Ibadan, Nigeria
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the…
African Airlines’ Passenger Traffic Has Fallen By 65% Due To Omicron- IATA
The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of…
Three U.S. states, D.C. sue Google over location-tracking
Texas, Indiana, Washington State sued Google on Monday over deceptive location-tracking practices that invade users’ privacy. Google spokesperson Jose Castaneda…
Value Of PoS Transactions Hits N18.10trn In Five Years
The value of transactions through Point of Sale (PoS) terminals in the country rose to N18.10trillion between 2017 and 2021Breakdown…
NITDA to initiate code of conduct for social media activities in Nigeria
National Information Technology Development Agency said it is developing a code of conduct for social media activities in Nigeria. This…
Nigeria: FG to convert 200,000 vehicles
The Federal Government on Monday met with oil marketers in the downstream sector for the conversion of 200,000 commercial vehicles…
Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign
Chinese internet giant Tencent fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign. Tencent…
Australian inflation surges in Q4, market bays for rate hikes
Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs…
Nigeria: Truck Owners Threaten To Sue NPA Over ‘Extortion’
Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA) have threatened to sue the…
Nigeria Record N74.51bn Oil Revenue Lost In December
A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plunge in Nigeria’s crude oil…
Poa Internet wraps up Africa50-led equity financing round
In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African…
Nigeria’s Recorded $55.5bn Forex Inflow In Seven Months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Afreximbank Pan-African Payment And Settlement System (PAPSS) Explained
On the 28th of September, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area (AfCFTA) secretariat officially…
Dangote Refinery And Fertiliser Projects To Kick Off Before September
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the…
Nigerian Breweries List Additional Shares
Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc (Nigerian Breweries or the Company) were today, Monday,…
Adiwale takes minority stake in West Africa drilling services company
Adiwale Partners, a private equity firm focused on Francophone West Africa, picked up a minority stake in Maintenance Climatisation Technique…
Nigeria: Eko Electricity Distribution Company Appoints New Chairman
The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on…
QED Investors Hires Two Investment Professionals To Boost Africa Plans
QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms…
World Bank And African Development Bank Approved The Sum Of $2.83Bn To Nigeria In 2021
The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has…
CBN Place Telecommunication Sector On Forex Priority List
The deployment of fifth generation technology has got a boost from the Federal Government. Federal government through the Central Bank…
Nigeria: Dangote Record $1.3 Billion Fortune Boost
Aliko Dangote recorded a boost of as much as $1.3 billion in his fortune in the year to January 21,…
File tax returns before Jan 31 or risk sanctions, orders Lagos
The Lagos State Internal Revenue Service has given firms based in the state till January 31, 2022, to file their…
Nigeria’s import bill rose to $8.92bn in nine months – Report
Nigeria’s total import bill for jan-sep 2021 rose to $8.92bn from $4.29bn in the same period of 2020. Dr Biodun…
MTN Awaits SEC Approval To Announce Offer Result, Share Allotments
MTN Nigeria Plc said it is waiting for approval from Securities and Exchange companies SEC to announce the offer result…
Foreign direct investment Into Africa Grew By 147 Percent In 2021
Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion…
FG urges private sector to maximise AfCFTA
The Federal Government has called on the Nigerian private sector to maximize the African Continental Free Trade Agreement. The Minister…