Manufacturing Sector Intervention Fund Now N803bn –CBN
Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN…
Category: Opinion
3,499 CPS Retirees Not Entitled To Pensions In Q4 – PenCom
The National Pension Commission refunded N848.92m to 3,499 retirees under the Contributory Pension Scheme and allowed them to leave the…
BUA, 27 Others Now Have Active Refinery Licences, Says DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining…
Egypt Impounds EverGreen Ship Over $900 Million Suez Canal Compensation Bill
Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute…
France To Open €3.5bn Initiative For SMEs In Nigeria
The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose Africa’ conference,…
BUA’S $300m Sugar Refinery Ready Next Year
BUA Group is working towards unveiling its 10,000 tons cane per day (tcb) sugar refinery in the first quarter of…
Oil Maintains Upward Momentum But Virus Concerns Cap Gains
Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook…
World Stocks Hit Record High As Bond Yields Ease
Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was…
Report: Increased Borrowing May Trigger Structural Reforms in Nigeria
As Nigeria is projected to raise $3 billion this year meet its infrastructure needs, which is expected to increase its…
COVID-19 Vaccination Low Turnout Hits States As First Phase Ends April 16 Nationwide
As the target date given by the federal government for states to end the first phase of COVID-19 vaccination approaches,…
Kyari Excited As Train Delivers Gas Pipes For For $2.8bn AKK Project
For the first since its take-off last year, the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project received a boost at…
OPL 245: Shell, Eni Should Face Prosecution, HEDA Tells Buhari
President Muhammadu Buhari has been asked to ensure that oil giants, Shell and Eni face prosecution in Nigeria. Shell and…
Tin-Can Port Customs Earned N112.7bn In Q1
The import revenue generation at the Tin-Can Island Command of the Nigeria Customs Service (NCS) rose by 23 per cent…
Ex-Banker Guillermo Lasso Elected Ecuador President
Former banker Guillermo Lasso won Ecuador’s presidential election Sunday, pledging “opportunities and prosperity” despite a pandemic-battered and debt-laden economy and…
White House To Zero In On Chip Shortage In Meeting With Company Officials
Senior White House officials will meet on Monday with top executives from nearly 20 major companies to discuss a global…
Huawei To Reduce Reliance On Advanced Process Techniques
Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it…
No One Cares’: Lebanon’s Financial Crisis And Domestic Workers
abrina, a Bangladeshi domestic worker, is barely 127cm (4 feet 2 inches) tall and extremely thin. Her shoulder blades protruded…
Revealed! Real Reason Segun Agbaje Will Not Handover GTB to A Woman
The tussle for who succeeds Segun Agbaje as the Group Managing Director/Chief Executive Officer of Guaranty Trust Bank has reached…
SPW Participants Lament Non-Payment By Federal Government
Participants in the Federal Government’s Special Public Works programme have complained about the non-payment of their stipends three months after…
Electricity Generation Falls To 3,922MW, 11 Plants Idle
Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as…
Prince Harry Arrives Back In The UK For Prince Philip Funeral
Prince Harry, whose explosive interview alongside his wife Meghan plunged the royal family into its biggest crisis in decades, has…
HSBC And Huawei CFO Reach Agreement On Document Publication Linked To Extradition Case
HSBC and Huawei Technologies’ Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of…
Federal Government Pledges To Implement Report On $1bn Abandoned Oil Facility
The federal government has received the report of the compensatory contracts and other incentives committee on the abandoned $1 billion…
Petrol, Used Vehicles, Motorcycles, Antibiotics, Nigeria’s Major Imports – NBS
Nigeria’s major export and import market in the fourth quarter of 2020 were India, Spain, the Netherlands, United States and…
CAC Sets Three-Hour Circle For Company Registration
The Corporate Affairs Commission on Sunday stated that following the successful deployment of an end-to-end registration module, it was now…
Ogun Farmers Eager For Our Fertiliser Rollout – Dangote
Farmers in Ogun State are eagerly awaiting the commencement of operations of the Dangote fertiliser plant, which is expected to…
Rising Debt: DMO Blames COVID-19, Experts Say Borrowing From Central Bank Nigeria Dangerous
Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the…
Senate Queries FMBN N3bn Contract, Summons Ex-MD
The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba…
Nigerian Stocks Fall Further, Investors Lose N30bn
The Nigerian stock market fell further last week as the market value of equities fell by N30bn. The Nigerian Stock…
Digital Pound Would Boost Post-Brexit City Of London, Think-Tank Says
A digital pound must be at the heart of Britain’s efforts to strengthen the City of London’s global attraction as…