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BULLS: A New Lagos

BULLS: A New Lagos

The city of Lagos is renowned for the ambiance of hastiness, rush, speed and anxiety. It is also known for noise, traffic gridlock and crowded streets, markets and malls. Who would have believed two weeks ago that not one of ...

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BEARS: Covid-19 Fashion

Covid-19 Fashion

Wearing hand-gloves and nose masks became the norm in Lagos since the last few weeks as coronavirus as known as Covid-19 hits the State. However, the unfortunate trend is to see people wear nose mask and pull it down on ...

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How Livestock, Fish Farmers Can Survive Lockdown

How Livestock, Fish Farmers Can Survive Lockdown

Considering the lockdown of the country at the early stage, when veterinarian needs and animal feed production, supply and distribution chains may be affected and toll milling services unavailable, fish and livestock farmers, especially the medium to large-scale ones, may ...

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Managing Evacuation Of Covid-19 Infected Foreigners

Managing Evacuation Of Covid-19 Infected Foreigners

Despite ban on flights operations in the country by President Muhammad Buhari to curb the spread of the coronavirus, several nations have breached the lockdown by arranging for evacuation of their citizens from Nigeria. The United States of America (USA) ...

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Refunds For Some Failed Bank Transactions Suspended

Refunds For Some Failed Bank Transactions Suspended

Refunds for failed Visa and Verve card transactions on other banks Automated Teller Machines and Point of Sale terminals have been suspended. Fidelity Bank notified it customers in a mail sent out to them on Thursday. The message read, “Kindly ...

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Small Businesses Worry Over Access To Stimulus Package

Small Businesses Worry Over Access To Stimulus Package

Small business owners have raised concerns over the requirements placed before them by the Central Bank of Nigeria to access the stimulus package announced by the President, Major General Muhammadu Buhari (retd.), for the sector. The President, Association of Small ...

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Mouka Donates 700 Mattresses To LASG

Mouka Donates 700 Mattresses To LASG

Mouka Foam, one of Nigeria’s leading manufacturers of mattresses and bedding products, says it has donated 700 mattresses to the Lagos State Government. This was contained in a statement from the company, indicating that 500 of the mattresses were meant ...

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BoI Records N39.33bn Profit

BoI Records N39.33bn Profit

‌The Bank of Industry (BoI) has said the profit before tax of the group grew by 7.2 percent year-on-year to N39.33bn at the end of 2019 from N36.66bn at the corresponding period of 2018. The increase in profitability was as ...

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New Pump Price: Marketers Seek Loans, DPR Set To Enforce Compliance

New Pump Price: Marketers Seek Loans, DPR Set To Enforce Compliance

The Oil marketers have called for soft loans from the Federal Government to help cushion  the effects of the new pump price following the unexpected impact of the recent reduction in the price of petrol in the country. The new ...

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Cooking Gas Vendors Are Exempted From Lagos Lockdown – Marketers

Cooking Gas Vendors Are Exempted From Lagos Lockdown – Marketers

  Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says sales of Liquefied Petroleum Gas, also known as cooking gas, is exempted from the lockdown in Lagos. NALPGAM made the confirmation in a statement issued by its Executive Secretary, Bassey ...

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COVID-19: FG urges Telcos to subsidise calls, data for Nigerians

COVID-19: FG urges Telcos to subsidise calls, data for Nigerians

ISA Pantami, minister of Communications and Digital Economy, has called on telecommunications service providers to subsidy and relax calls and data for Nigerians. Pantami, on his Twitter handle, said: “As earlier conveyed, as the Minister of Federal Ministry of Communications ...

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Airlines to burn $61 billion cash reserve in Q2

Airlines to burn $61 billion cash reserve in Q2

Worst-hit by the coronavirus disease pandemic, global airlines have been estimated to burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020. The International Air Transport Association (IATA) in a new analysis released yesterday ...

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Dangote Cement leads gainers to halt market downtrend

Dangote Cement leads gainers to halt market downtrend

The Nigerian equity market on Thursday closed on a positive note as Dangote Cement Plc led other gainers to halt the negative sentiment of three consecutive trading days. However, the market breadth closed negative, with 19 losers as against seven ...

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Foreign reserves shed $3.02bn in three months

Foreign reserves shed $3.02bn in three months

The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn as of March 27, 2020, latest statistics from the Central Bank of Nigeria have revealed. According to the figures, the ...

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Mikel set to join Botafogo

Mikel set to join Botafogo

Former Super Eagles captain, Mikel Obi, is on the verge of joining Brazilian club, Botafogo, with the deal likely to be concluded on Friday (today). Mikel is a free agent after terminating his contract with Turkish club, Trabzonspor, in March ...

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Customs impound seven vehicles of N20.7m poultry

Customs impound seven vehicles of N20.7m poultry

Operatives of the Nigeria Customs Service, Federal Operations Unit in Zone A, say they have intercepted and destroyed poultry worth N20.7m. The acting Controller of the unit, Usman Yahaya, who confirmed this, said the seizures were made in two separate ...

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UEFA postpone all international matches scheduled for June

UEFA postpone all international matches scheduled for June

UEFA have made a move towards clearing the decks for the return of club football by announcing on Wednesday that all international matches that had been pushed back to June have now been postponed until further notice. “This includes the ...

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Operations will continue at seaports, says NPA

Operations will continue at seaports, says NPA

The Nigerian Ports Authority has announced that it has no intention of shutting the seaports in view of the coronavirus spread. The agency said in a statement signed by its General Manager, Corporate and Strategic Communication, Mr Adams Jatto, that ...

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Nigeria’s total public debt rises to N27.4tn –DMO

Nigeria’s total public debt rises to N27.4tn –DMO

The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of December 2019, according to latest figures released by the Debt Management Office on Wednesday. The development marked an increase in ...

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Ignore new fuel price, IPMAN tells marketers

New Pump Price: Marketers Seek Loans, DPR Set To Enforce Compliance

Following the reduction of pump price of petrol from N125 per litre to N123.50 per litre, the Independent Petroleum Marketers Association in Kano State has directed its members to ignore the directive on new price and sell the product at ...

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