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Category: Local

Buhari To Inaugurate Itakpe-Warri Speed Train Tuesday
Local

Buhari To Inaugurate Itakpe-Warri Speed Train Tuesday

The President, Major General Muhammadu Buhari (retd.), will inaugurate Nigeria’s first standard gauge train, the Itakpe-Ajaokuta-Warri rail line, on Tuesday…

byEkeminiSeptember 29, 2020
INEC Begins Migration To Electronic Voting
Local

INEC Begins Migration To Electronic Voting

The Independent National Electoral Commission (INEC) has commenced replacing manual voting with automated voting system, as part of the efforts…

byEkeminiSeptember 29, 2020
‘ABCON Braces CBN’s Regulation Of Financial Sector’
BusinessLocal

‘ABCON Braces CBN’s Regulation Of Financial Sector’

The argument that all Bureaux De Change (BDCs) operators are the weakest link in the fight against illicit financial flow…

byEkeminiSeptember 29, 2020
NLNG Targets 350,000 Metric Tons LPG By December
Local

NLNG Targets 350,000 Metric Tons LPG By December

The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons…

byEkeminiSeptember 29, 2020
FG Urges Destination Countries To Repatriate Illicit Funds
BusinessLocal

FG Urges Destination Countries To Repatriate Illicit Funds

The Vice-President, Prof. Yemi Osinbajo, has urged leaders of destination countries to insist on repatriation of illicit funds and their…

byEkeminiSeptember 29, 2020September 29, 2020
Nigeria’s Forex Reserves Drop By $47.3m
BusinessLocal

Nigeria’s Forex Reserves Drop By $47.3m

Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices,…

byEkeminiSeptember 29, 2020
Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement
BusinessLocal

Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement

The access, impact and prospects of the intervention funds by the Central Bank of Nigeria (CBN) formed the basis of…

byEkeminiSeptember 28, 2020
BusinessLocal

CBN’s Rate Cut Triggers Rush For Equities

Stunned by the decision of the Central Bank of Nigeria (CBN) to cut the benchmark interest rate,bewildered investors dumped fixed-income…

byEkeminiSeptember 28, 2020September 29, 2020
What MPR Cut Means As The Country Enters Recession?
Local

What MPR Cut Means As The Country Enters Recession?

Nigeria unexpectedly cut its Monetary Policy Rate (MPR) by 100 basis points from 12.50% to 11.50% in an attempt to…

byEkeminiSeptember 28, 2020
Osinbajo: We Will Soon Reopen The Land Borders
Local

Osinbajo: We Will Soon Reopen The Land Borders

In October 2019, President Muhammadu Buhari ordered the closure of land borders to check smuggling goods and arms into the…

byEkeminiSeptember 28, 2020
Nigeria’s Growing Inflation Rate
BusinessLocal

Nigeria’s Growing Inflation Rate

The current rate of inflation in Nigeria, according to the National Bureau of Statistics, rose to 13.22 per cent in…

byEkeminiSeptember 28, 2020
NLC Vows To Shut Down Airports, Banks, Others From Monday
Local

NLC Vows To Shut Down Airports, Banks, Others From Monday

The Organised Labour in Lagos State has said all sectors would be shut from Monday. He said airports, banks, and…

byEkeminiSeptember 28, 2020
FMDQ Turnover Sheds N4.5tn In August
BusinessLocal

FMDQ Turnover Sheds N4.5tn In August

Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced…

byEkeminiSeptember 28, 2020
It’s Not In NNPC’s Interest To Remain Sole Importer Of Petrol, Says Mele Kyari 
BusinessLocal

It’s Not In NNPC’s Interest To Remain Sole Importer Of Petrol, Says Mele Kyari 

The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain…

byEkeminiSeptember 26, 2020
Nigeria Has Potential For Over A Million Vehicles A Year’ 
Local

Nigeria Has Potential For Over A Million Vehicles A Year’ 

DAVE COFFEY, is the Chief Executive Officer, African Association of Automotive Manufacturers (AAAM). In this interview with BENJAMIN ALADE, he…

byEkeminiSeptember 26, 2020
LNG Has Come Far But Still Has Far To Go
BusinessLocal

LNG Has Come Far But Still Has Far To Go

The LNG industry has become increasingly diverse in the past 20 years. But it must not rest on its laurels…

byEkeminiSeptember 26, 2020
Ecosystem Approach Could Accelerate Biometric Enrollment In Nigeria
Local

Ecosystem Approach Could Accelerate Biometric Enrollment In Nigeria

Nigeria’s goal to enroll the biometrics of all citizens to provide digital identity is possible to achieve in even less…

byEkeminiSeptember 26, 2020
Nigerian Air Travel Could Shut As Unions Pledge To Join Strike
Local

Nigerian Air Travel Could Shut As Unions Pledge To Join Strike

Nigeria’s airports could shut down on Monday as four key unions said they would join an indefinite nationwide strike to…

byEkeminiSeptember 26, 2020
How 1.7 Million Nigerians, Businesses Will Benefit From N75 Billion Grant
Local

How 1.7 Million Nigerians, Businesses Will Benefit From N75 Billion Grant

Nigeria’s Vice President, Yemi Osinbajo, has provided further details on how 1.7 million Nigerians and businesses will benefit from a recently…

byEkeminiSeptember 26, 2020
Oyetola Flags Off 206-Hectare International Trade Centre, Inland Port In Osun 
Local

Oyetola Flags Off 206-Hectare International Trade Centre, Inland Port In Osun 

The Osun State Government has launched the construction phase of its proposed International Trade Centre and Inland Port, which is…

byEkeminiSeptember 26, 2020
International Mechanisms For Asset Recovery Not Good Enough – Buhari
Local

International Mechanisms For Asset Recovery Not Good Enough – Buhari

President Muhammadu Buhari said there is a compelling need to strengthen international cooperation in the global effort to curtail the…

byEkeminiSeptember 25, 2020
Nigerian Collecting Illegal $36,000/Month From Ship Owners
BusinessLocal

Nigerian Collecting Illegal $36,000/Month From Ship Owners

The Minister of Transportation, Rotimi Amaechi, has registered his displeasure with continuous patronage of illegal habours known as secure anchorage…

byEkeminiSeptember 25, 2020
An In-Depth Analysis On Mining In Nigeria
BusinessLocal

An In-Depth Analysis On Mining In Nigeria

The economy in Nigeria has been growing slowly since the oil price slump of 2014. Since then, volatility of global…

byEkeminiSeptember 25, 2020
Govt Warns Against Exploitation Of Seaport Operators
Local

Govt Warns Against Exploitation Of Seaport Operators

Abuja — Minister of Transportation, Rotimi Amaechi, has charged regulatory bodies to reduce the cost of doing business by checking…

byEkeminiSeptember 25, 2020
Nigeria Not Constructing Rail Line To Niger Republic – Presidency
Local

Nigeria Not Constructing Rail Line To Niger Republic – Presidency

The Senior Special Assistant to the President on Media and Publicity, Mallma Garba Shehu, yesterday said Nigeria was not building…

byEkeminiSeptember 25, 2020
Nigerian Oil, Gas Suppliers Lament N320bn Loss, Back Deregulation
BusinessLocal

Nigerian Oil, Gas Suppliers Lament N320bn Loss, Back Deregulation

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) yesterday bemoaned its huge losses to the tune of N320…

byEkeminiSeptember 25, 2020
Gbajabiamila: Insecurity Threatening Existence Of Nigeria
Local

Gbajabiamila: Insecurity Threatening Existence Of Nigeria

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said the challenges of insecurity confronting Nigeria is threatening…

byEkeminiSeptember 25, 2020
Commodities Exchange Turns To Blockchain To Increase Funding For African Farmers
Local

Commodities Exchange Turns To Blockchain To Increase Funding For African Farmers

Technology adoption will increase transparency for funders and provide liquidity for hundreds of smallholder farmers amidst COVID 19 downturn. AFEX…

byEkeminiSeptember 25, 2020
Survival Fund: Nigerian Govt Speaks On Applicants Paying Facilitation Fee For MSMEs Grant
BusinessLocal

Survival Fund: Nigerian Govt Speaks On Applicants Paying Facilitation Fee For MSMEs Grant

The Federal Government says applicants will not pay any ‘facilitation fee’ to access its intervention grant for Micro, Small and…

byEkeminiSeptember 25, 2020
FG Denies Persecuting Christians, Earmarks N13b For Community Policing
Local

FG Denies Persecuting Christians, Earmarks N13b For Community Policing

Abuja has dismissed allegations from the west that it was persecuting Christians in Nigeria. This came as it urged the…

byEkeminiSeptember 25, 2020

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