Dangote remains Africa’s wealthiest person for 9th consecutive year
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an…
Hike in CRR may impair credit allocation to real sector — Rewane
The recent increase in banks’ Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN) to 27.5 percent may…
‘Infrastructure development in Lagos will boost diaspora investment’
Governor Babajide Sanwo-Olu has said the ongoing infrastructural development programme of the Lagos State…
Google launches $1 million fund for online safety
In a bid to support innovative ideas around privacy, safety and security in Sub-saharan Africa, Google has launched…
AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja,…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity…
Trade challenges ahead for the shipping industry
BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest…
Customs to take delivery of 3 scanners by Q2’20
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard…
Cargo diversion: Maersk, Safmarine deny dumping Lagos ports
CONTRARY to media reports, the world’s largest container carrier, Maersk and its sister company Safmarine have…
FG fails to meet revenue projection for 2019, as revenue hits decline mode
The Federal Government made N1.1 trillion from Value Added Tax (VAT) in twelve months, with the Federal Inland…
Canada invites fresh 3,500 candidates to apply for Permanent Residence
The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent…
Andela partners Facebook, UNODC to host Hackathon4Justice
Andela, Facebook and the United Nations Office on Drugs and Crime (UNODC) joined hands as they hosted the…
U.S. okays NSIA to manage $318m Abacha loot
THE Nigeria Sovereign Investment Authority (NSIA) will manage the $318 460,329 Abacha loot, the repatriation of…
5.4m poor Nigerians now receiving N5,000 monthly – FG
The federal government through the National Social Safety Nets Coordinating Office (NASSCO), says a total of…
Early Facebook investor Peter Thiel cashes in 80% of his remaining stock in the…
Peter Thiel, an early investor in Facebook , dumped $11 million worth of the social media giant's stock on February…
SON shuts 13 steel factories over infractions
The Standards Organisation of Nigeria (SON) National Steel Task Force has sealed 13 steel factories across the…
Investors lose N153.6 billion on Monday as ASI dip 1.05%
Stock market investors lost N153.6 billion at the start of the week to a bearish trade session after the market…
BREAKING: CBN restricts forex for milk import to Nestle, Chi, Friesland, 3 others
The Central Bank of Nigeria (CBN) has restricted foreign exchange for milk importation to six companies in Nigeria…
FG says ‘extension’ needed on West Africa currency launch
West African powerhouse Nigeria on Monday called for a delay to the launch of a region-wide currency tentatively…
Access Bank seeks listing of N15bn green bond
Access Bank Plc has announced its intention to list its N15 billion 15.50 percent fixed rate unsecured…
Stock market down N154bn on sale pressure
The equities market closed on Monday on a negative note, declining by 1.05 per cent as investors sold off shares…
How underwriters’ earnings renew investors’ hopes
Determined to increase the shareholders’ confidence in the nation’s insurance industry, the 2019 underwriting…
Pressure on equities defy earning season, index slumps by 2.69 per centp
Despite improved numbers in 2019 full year result churned out by quoted companies, sentiments remained weak in the…
Maersk, Safmarine deny dumping Lagos, as port challenges affect operations
Despite challenges affecting their operations in Lagos port, Maersk, the world’s largest container carrier, and…
Toyota suspends operations in China over Coronavirus outbreak
Toyota, the world’s second-largest automaker, has announced that its auto plants located in China would remain shut…
Aella Credit raises $10 million debt financing round from Singapore
Aella Credit said it has secured a $10 million debt financing round from Singaporean company – HQ Financial Group.…
Leveraging capital market potential to accelerate growth
Capital market, globally, is one of the most important platforms for financial deals, particularly, in raising…
How N7.5 billion GPW will boost policy holders’ confidence
As insurers express commitment to the ongoing industry recapitalisation exercise, they have explained that a…