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We lost 22mb of crude oil in 6

The Governor of Edo State, Godwin Obaseki, has revealed that the nation lost about 22 million barrels of its crude oil production to oil theft between January a

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Posted On: 30 Aug 2019

MTN launches mobile money oper

Africa's largest telecommunications service provider MTN on Thursday became the first firm in the sector to launch a mobile money operation in Nigeria, a move o

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Posted On: 30 Aug 2019

Ivory Coast, Toyota sign assem

Ivory Coast’s government signed an agreement on Thursday with Toyota (7203.T) to build a vehicle assembly plant in the West African nation, the office of

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Posted On: 29 Aug 2019

Rwanda set to phase out gas mo

The government of Rwanda will soon issue national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos.   The country&rs

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Posted On: 29 Aug 2019

Anambra State Govt. Urged To P

...Wants Obiano To Fulfill Promise By Providing Keke To Anambra Youths   The Anambra State Government has been urged to provide Tricycle operators in the

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Posted On: 25 Aug 2019

MTN overtaken by Dangote Cemen

Dangote Cement Plc has regained its position as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were witnessed in MTN Nigeria Communication

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Posted On: 21 Aug 2019

NNPC, Nigeria's State Oil Firm

In line with its avowed commitment to transparency and accountability in all its activities as committed by the new Group Managing Director of the Nigerian Nati

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Posted On: 18 Aug 2019

Sanwo Olu urging FG to open up

LAGOS State governor, Babajide Sanwo-Olu, at the weekend said the reason the state government has been appealing to the federal government to open up Badagry wa

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Posted On: 18 Aug 2019

Lagos ports not congested, sa

The Seaport Terminal Operators Association of Nigeria (STOAN) says the Lagos Port Complex, Apapa and the Tin-Can Island Port Complex are not congested.  

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Posted On: 18 Aug 2019

Nigeria/Siemens 25,000MW of el

The six-year electricity deal signed by the Federal Government and Germany-based Siemens AG in July will cost more than N1.15tn to execute.   The three-p

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Posted On: 12 Aug 2019

China's sovereign digital curr

China’s central bank is “almost ready” to issue the country’s own sovereign digital currency, a senior central bank officer said.  

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Posted On: 12 Aug 2019

Jim Ovia Loses $64 Million As

Nigerian business Jim Ovia has lost close to $64 million in paper net worth over the last 6 months as the stock price of Zenith Bank, the tier-one Nigerian comm

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Posted On: 10 Aug 2019

Fidelity Bank rewards loyal c

The Fidelity Bank Plc says it has disbursed over N2.6 billion to customers as reward for their loyalty in the last four years.   Richard Madiebo, Head, D

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Posted On: 07 Aug 2019

Outrage as China ships used ve

Automakers, dealers and other stakeholders have expressed anger over China’s resolve to push its used vehicles to Nigeria and other global markets as a st

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Posted On: 07 Aug 2019

Gombe secures N3.4 bn World B

The Gombe State Government, in collaboration with the Federal Government, has secured N3.4 billion loan from the World Bank for use in checking malnutrition in

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Posted On: 07 Aug 2019

CBN injects $210m into forex

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday&r

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Posted On: 06 Aug 2019

Nigeria's Access, Union Bank t

Nigeria’s Access Bank and Union Bank have each issued a 30 billion naira ($98.09 million) bond taking advantage of falling yields on the local currency de

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Posted On: 05 Aug 2019

China lets yuan slump past 7 p

China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate f

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Posted On: 05 Aug 2019

NUPENG suspends industrial act

One of Nigeria’s main oil and gas trade unions said on Friday it had suspended planned industrial action related to a staffing dispute with U.S. oil major

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Posted On: 02 Aug 2019

MTN asks Nigerian tribunal to

MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman fo

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Posted On: 02 Aug 2019

South Africa set to build dig

The South Africa government will establish ten digital hubs to bridge the digital divide among township residents, an Official said on Friday.   The hub

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Posted On: 02 Aug 2019

China exports gasoline to Mexi

China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico and Nigeria as refiners seek outlets for their fuel a

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Posted On: 26 Jul 2019

Fuel subsidy hits N206.6bn in

Within a space of two months, the amount that was spent by the Nigerian National Petroleum Corporation in subsidising Premium Motor Spirit, popularly known as p

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Posted On: 26 Jul 2019

CBN Set To Ban Milk Importatio

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), said shortly after the Monetary Policy Committee (MPC) meeting Tuesday that the government would

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Posted On: 24 Jul 2019

NNPC Signs $3.15bn Deal Finan

The Nigerian National Petroleum Corporation has signed a deal worth  $3.15 billion Financing and Technical Services Agreement between Sterling Oil Explorat

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Posted On: 24 Jul 2019

IOSH UK and Lagos State Safety

Institution of Occupational Safety and Health (IOSH), United Kingdom, is partnering with the Lagos State Safety Commission (LSSC) in the delivery of first class

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Posted On: 24 Jul 2019

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