“Most Competitive In The World” Elon Musk Lauded Chinese Automakers
Tesla CEO Elon Musk lauded Chinese automakers Friday, calling them the “most competitive in the world,” during a pre-recorded question-and-answer stream…
Category: Local
Delta State Government To Partner Manufacturers Association of Nigeria (MAN) For Youth Empowerment
Delta State Government yesterday, expressed readiness to partner Manufacturers Association of Nigeria (MAN) to empower youths in the state with…
Naira Depreciate Further, Exchange At N570 To $1 In Black Market
The naira continued its downward trend after exchanging to the dollar for 570 on Thursday. A week earlier, the naira…
Nigeria: ‘W’ Initiative Partners With SME.NG
The W Initiative, a brand dedicated to inspiring, connecting, and empowering women in all categories, has partnered with SME.NG to…
Nigeria Quickteller Paypoint Recruits New Agents To Provide Financial Services
Quickteller Paypoint, a service under Interswitch Financial Inclusion Services (IFIS), has continued to live up to its commitment to empowering…
Lafarge Nigeria Makes 8.3% In Revenue Growth – 2020
Lafarge Africa Plc has said it recorded a sales revenue of N230.6bn in 2020. This shows 8.3 per cent revenue…
No Plan To Convert Domiciliary Account To Naira- Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) has again dispelled speculations that it was planning to convert the foreign exchange (FX)…
World Bank Battles Data Irregularities On 2018 And 2020 Doing Business Report
The World Bank Group announced on Thursday that it was discontinuing the ‘Doing Business report’ after data regularities were discovered…
Nigeria Back In The International Capital Market With A Plan To Raise At Least $3bn From Eurobond Issuance
The Debt Management Office has disclosed that Nigeria is back in the International Capital Market after about three years with…
Nigeria: Department of Petroleum Resources Set Additional Revenue Target Of N5 Trillion
At a period when most Ministries Departments and Agencies(MDAs) are struggling to met their 2021 revenue budget, the Department of…
Nigeria: Lagos Chamber of Commerce and Industry Demand For Adjustment Of Sharing Formula Of Taxes
The Lagos Chamber of Commerce and Industry (LCCI) has advised that the current sharing formula of taxes for states and local…
Debt Management Office Disclose Nigeria’s Public Debt
The Debt Management Office (DMO) has disclosed that Nigeria’s public debt, comprising domestic and external obligations of the Federal Government,…
Nigeria: Dollar Scarcity Thwart Sale Of Shell Petroleum Asset
The Chief Executive Officer of the Guaranty Trust Holding Company Plc, Mr Segun Agbaje, has said that Nigerian lenders likely…
Nigeria: Composite Food Inflation Rise By 20.30%
The National Bureau of Statistics on Wednesday said that the composite food index rose by 20.30 per cent in August…
Federal Government Of Nigeria In Partnership With Konga
The Minister of Youth and Sports Development Sunday Dare during the signing of a landmark partnership between Konga and the…
Oil Palm Startup In Nigeria Raises $4 Million To Build A “Smart” Factory
Besides being a key ingredient for cooking jollof rice, vegetable oil is used industrially in paints, soaps, biofuels, and lubricants.…
Bureaus De Change Operator’s And $34billion Diaspora Remittances
The CBN should institute a framework that allows BDCs, which have automated their operations, to receive the estimated $34 billion…
Nigerian Minister Advocates Capital Punishment For Unlawful Miners
The Minister of State for Solid Minerals, Mines, Steel Development, and Metallurgy, Dr. Uche Ogah has called on the National…
Central Bank Of Nigeria Set To Launch Infrastructure Fund ‘Infracorp’ In October.
The Central Bank of Nigeria announced that InfraCorp Plc, the N15trn Infrastructure Fund which will boost funding for capital projects,…
Nigeria: Phishing Attack On Business On The Rise Since The Start Of Pandemic
About 66 percent of Nigerian firms have reported an increase in phishing attacks since the pandemic started. Sophos, a cybersecurity…
Naira Depreciates Further In The parallel market; Exchanges At N557 To $1
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close…
Double-Digit inflation Rate Drove Ten Nigeria Banks Operating Expenses By Seven Percent To N932.26billion
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that…
ECO-Green Buses Get Introduced To Nigeria By Austrian Technologies
Austrian Technologies Nigeria, a natural gas-powered vehicle manufacturer, has disclosed details of its full range of ECO-Green buses, some of…
Nigeria Cryptocurrency Market Experience Over 1000% Growth In One Year
The cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. This was…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics…
Nigeria’s Attorney General Dragged To Court Over Non Remittance Of Stamp Duties
The Attorneys-General of the 36 states of the federation have dragged the Attorney-General of the Federation, Abubakar Malami, before the…
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the ratification of the African Continental Free…
United Bank Of Africa Announced It’s Half Year Financial Result
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half…
Nigeria: MTN And Flutterwave In Mobile Money Partnership
MTN has announced a mobile money partnership with Africa’s leading payments technology company, Flutterwave. The partnership will allow businesses integrating Flutterwave in…
Nigeria: Apapa Customs Command Generates 87.8 Billion Naira In August
Apapa Comptroller, Malanta Yusuf, disclosed at a media briefing in Lagos, noted that the remarkable feat was the first in…