Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled…
9mobile invests $220m in 4G expansion
9mobile says it is investing $220m in the expansion of its 4G LTE to more Nigerian cities as part of efforts to…
Stock market halts five-day losing streak, gains N24bn
Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive…
Prepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of…
Excess charges: CBN return over N60 billion to customers
The Central Bank of Nigeria (CBN) disclosed that it had recovered on behalf of customers over N60 billion excessive…
PwC predicts greater success for Nigeria’s entertainment industry
The PricewaterhouseCoopers (PwC) has projected Nigeria to be among the world’s fastest-growing Entertainment and…
Bitfxt raises N5.45 billion from UK firm
Bitfxt, a Nigerian cryptocurrency startup, has raised N5.45 billion from Payitup clearinghouse Ltd. The amount,…
NCC approves 1,492 phone brands, warns users against unapproved devices
No less than 1,492 different brands and models have been approved by the Nigerian Communications Commission (NCC)…
SON faces resistance from importers of fake products
The Standards Organisation of Nigeria (SON) may have come under pressure from dealers of fake and sub-standard…
DISCOs have failed in electricity supply ― FG
THE Federal Government yesterday said that Distribution Companies, DISCOs have failed in supplying adequate…
US solar jobs have risen 167% since 2010, new data shows
The solar industry in the U.S. employed 249,983 people in 2019, a 2.3% increase compared to the previous year,…
UK inflation unexpectedly hits six-month high in January, pushed up by fuel prices
British inflation unexpectedly struck a six-month high in January, pushed up by higher petrol prices and a…
Senate invites Bigi and Pepsi manufacturers, as stiff competition continues
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers…
Wema Bank clears the air on alleged contempt suit
The management of Wema Bank has cleared the air on the alleged contempt suit that was earlier filed against it by…
Nigeria lost $750 million to crude oil theft in 2019 – NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said Nigeria lost…
Asia markets bounce back as investors monitor China’s return to production
Asia markets mostly recovered on Wednesday after tumbling a day before, with investors closely monitoring…
Continued border closure not sustainable – MAN
The Manufacturers Association of Nigeria has said that the continued closure of the country’s land borders is…
SIFAX, SAHCO plan expansion across Africa
IFAX Group, the parent company of Skyway Aviation Handling Company Plc has said it plans to expand its operations…
Accountant General fails to explain N2.9bn IPPIS funds, Senators kick
The Senate Public Accounts Committee adjourned abruptly on Tuesday following the inability of the Office of the…
Diverted flights: Some Nigerian passengers return by road
Some Nigerians stranded in Accra, Ghana after their flights were diverted due to inclement weather at the Murtala…
ICRC commends Sifax on concession agreement
THE Infrastructure Concession Regulatory Commission has commended the management of SIFAX Group for its level of…
Shipping industry operators rally support for SON
THE leadership of the Association of Nigeria Licensed Customs Agents, ANLCA, has pledged to partner with the…
Petroleum products, bulk wheat dominate cargo throughput
REFINED petroleum products still dominate the nation’s import chart as over 316,247 metric tonnes of different…
Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him…
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates.
After Gates said he bought…
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed…
The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector…
Nasdaq rises, heads for record close as Apple shares cut losses
The Nasdaq Composite traded slightly higher on Tuesday as gains from Netflix and Google-parent Alphabet offset…
GM, Fiat Chrysler and Toyota resume auto production in China
General Motors, Fiat Chrysler and Toyota Motor on Tuesday confirmed that they’ve reopened their factories or are…
Nigeria’s GDP forecast for 2020 to drop – IMF
The International Monetary Fund (IMF) has reviewed its projected GDP for Nigeria from 2.5% to 2% in 2020. The…
CBN’s forex intervention is counter-productive – Manufacturers
The Manufacturers Association of Nigeria (MAN) has lamented over the low rate that local raw materials are utilized…
Restructuring: HSBC to cut 35,000 jobs in next 3 years
Banking giant, Hongkong and Shanghai Banking Corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in…