Saudi Defence Firm SAMI Targets $5 Billion Annual Revenue By 2030
State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said…
Category: Local
Stock Market Extends Losing Streak, Sheds N130Bn
The market capitalisation of equities listed on the nation’s stock market declined by N130bn last week as negative sentiments persisted…
Nigerian Stock Exchange Upgrades Africa Prudential To Medium Price Stock
T he Nigerian Stock Exchange (NSE) has upgraded Africa Prudential (APR) Plc from low-priced stock to medium-priced stock following recent…
Oil Gains As U.S. Production Slowly Returns After Freeze
Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised…
Nigeria Has $5.83bn Undisbursed Foreign Loans
Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has…
Banks Incur N80.75bn E-Banking Expenses As Digital Transactions Hit N111.29tr
As COVID-19 triggered exponential increase in electronic-payment adoption, five Nigerian banks have incurred N80.75 billion expenses in fees and commission…
Optimism On Economy’s Recovery
Many Nigerians underestimated the resilience of the economy until last Friday when National Bureau of Statistics (NBS) rolled out its…
NIN Registration: Telcos See Biggest Subscriber Loss Since 2017
The decision by the Federal Government to limit the services of telecoms’ operators in order to achieve the National Identification…
Why Nigeria Inflation Could Hit Record High of 20% By End Of 2021
Nigeria’s annual inflation rate climbed for a 17th straight month to 16.47% in January of 2021. It was the highest…
US Supports Ekiti Farm With Pregnant Cows
The United States has supported the Nigeria Dairy Industry with the first shipment of pregnant Jersey breed dairy cows which…
Nigeria’ll Escape Over-Dependence On Oil In 10 Years – Awolowo
Considering recent steps being taken to boost Nigeria’s non-oil sector, the country is expected to exit the age-long dependence on…
Hushpuppi Laundered Funds For North Korean Hackers- US
New details have emerged about the case against Instagram influencer, Ramon Abbas, fondly referred to as Hushpuppi. According to the United State…
774,000 Jobs’ll Boost Nigeria’s Economy –Lai Mohammed
Minister of Information and Culture, Lai Mohammed, on Saturday, said the Special Public Works Programme will boost the Nigerian economy.…
COVID-19 Infection Rate Slows In Nigeria, Major Slump In Cases
COVID-19 infection rate in Nigeria appears slowing down as another major slump in confirmed cases was reported on Friday. The…
Nigerian Banks Turning Female Marketers To Sexual Slaves – Senator
The Nigerian Senate, on Thursday, considered a bill seeking to stop employers in the private and public sectors from engaging…
Nigeria’s Swift Recovery From Recession, Biggest Surprise –NEPC Boss
The Executive Director, Nigeria Export Promotion Council, Segun Awolowo, on Friday described as biggest surprise the swift way Nigeria’s economy…
Manufacturers Seek Full Recovery From Recession
The Manufacturers Association of Nigeria has said there is need to sustain the momentum and policies that will improve the…
Department of Petroleum Resources Woos Investors For Modular Refineries
The Department of Petroleum Resources has said it is willing to license more modular refineries to come on stream, saying…
Nigerian Communication Commission Allocates 383 Million New Telephone Numbers To Operators
The Nigerian Communications Commission has provided 382.94 million new telephone numbers for the use of telecommunications operators. The commission assigned…
Nigeria, 17 Others Testing 5G In Africa
New statistics from the Global mobile Suppliers Association (GSA) has revealed that Nigeria and some 17 countries in Africa are…
African Union To Set Up Infrastructure Fund For The Continent
The African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on…
Port Harcourt Refinery Overhaul To Begin Soon – Report
The Nigerian National Petroleum Corporation (NNPC) is now on track to undertake the complete overhaul of Nigeria’s biggest refinery billed to commence…
Don’t Create Artificial Petrol Scarcity, Nigerian National Petroleum Commission Warns Marketers
The Nigerian National Petroleum Corporation (NNPC) has warned petrol marketers against hoarding Premium Motor Spirit (petrol) in order not to…
Cryptocurrency Ban: A destructive Financial Policy
The news of the Central Bank of Nigeria (CBN) directive on the prohibition of banks/individuals from buying, selling and using…
As Ghost Of Fuel Subsidy Removal Lurks Around
The benefits of the fuel subsidy removal far outweighs the pains associated with the expected rise in petrol pump price…
World Trade Organization: Organise Private Sector Tempers Expectations From Okonjo-Iweala’s Regime
Members of the Organise Private Sector (OPS) have welcomed the announcement of Dr. Ngozi Okonjo-Iweala as the new Director General…
Nigeria’s Best And Worst Performing Sectors In 2020
The recently released GDP report by the National Bureau of Statistics shows that some sectors recorded growth despite a hard…
Experts Rate Economy As Weak Despite Exit From Recession
Nigeria exited recession after the country’s Gross Domestic Product recorded a slight growth of 0.11 per cent in the fourth…
Federal Government Of Nigeria, States, Local Governments Share N640.310 Billion In January 2021
The Federation Accounts Allocation Committee (FAAC) at the end its meeting on Thursday shared N640.310 billion to the three tiers…
Nigeria’s Economy Rebounds With 0.11% GDP Growth In Q4’20
Nigeria’s economy re-bounded in the fourth quarter of last year (Q4’20) as the nation’s Gross Domestic Product (GDP) grew year-on-year…