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BEARS: Corrupt or Anti-corrupt

BEARS: Corrupt or Anti-corrupt

Recently, the nation witness a drama as the ex-boss of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, was arrested by a combined team of Department of State Services personnel and Policemen at the Wuse II office of the EFCC ...

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BULLS: Nigeria’s First Bitcoin ATM

Bulls: Nigeria's First Bitcoin ATM

Nigeria launched its first ever Biticon Automated Teller Machine (ATM). This was installed by Ikorodu indigene and Chief Executive Officer of Block Stale, Adekunle Daniel break a new ground when the ATM was installed in Lagos. Bitcoin ATMs have increased in ...

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How To Position Your Startup To Attract Funding

How To Position Your Startup To Attract Funding

By Kenneth Jukpor A startup could evolve into a larger company by being acquired, opening more than one office, generating high revenues or having hundreds of employees, but not without access to funding. In reality, however, startups are vulnerable to ...

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Barges, Off Dock Terminals Will Aid Port Decongestion – SIFAX

Barges, Off Dock Terminals Will Aid Port Decongestion - SIFAX

In a bid to ease traffic congestion on the port access roads whilst decongesting the seaport terminals, the Executive Director, SIFAX Off Dock, Captain Ibraheem Olugbade, has urged all the stakeholders in the maritime sector to adopt the option of ...

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Exchange unification: MAN seeks exemption for outstanding debts

Exchange unification: MAN seeks exemption for outstanding debts

The Manufacturers Association of Nigeria has appealed to the Central Bank of Nigeria to exempt outstanding credit commitments to foreign suppliers of raw materials from the unified exchange rate. The President, MAN, Mansur Ahmed, in a statement issued on Thursday, ...

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Nigeria can’t survive AfCFTA with weak industrialisation – Gbajabiamila

Nigeria can’t survive AfCFTA with weak industrialisation – Gbajabiamila

For Nigeria to compete and survive in the African Continental Free Trade Area, it must as a matter of national emergency ramp up industrialisation and manufacturing activities, the Speaker, House of Representatives, Femi Gbajabiamila, has said. He said this could ...

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NNPC increases gas supply as pipeline vandalism rises

NNPC increases gas supply as pipeline vandalism rises

The Nigerian National Petroleum Corporation on Thursday announced an increase of 19.14 per cent in the average daily natural gas supply to power plants. According to NNPC, this translates to 788 millon standard cubic feet of gas per day, equivalent ...

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Buhari signs N10.8tn revised budget today, says minister

Buhari signs N10.8tn revised budget today, says minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, met with the leadership of the National Assembly on Thursday to discuss the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. She disclosed that the President, Major General Muhammadu ...

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No going back on petrol subsidy removal – FG

No going back on petrol subsidy removal – FG

The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had reached a conclusion that it could no longer bear the burden of petrol subsidy. Sylva said this in a statement published on the ...

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Seven killed in explosion on NPDC oil platform

Seven killed in explosion on NPDC oil platform

An explosion on Oil Mining Lease 40 operated by the Nigerian Petroleum Development Company has killed seven workers, the Nigerian National Petroleum Corporation announced on Wednesday. NPDC is the flagship subsidiary of NNPC. The explosion occurred on Tuesday at the ...

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FG’s MoU on Ajaokuta port

FG’s MoU on Ajaokuta

The Federal Government has signed a Memorandum of Understanding with Sealink Promotional Company Limited on the use of Ajaokuta jetty landing port. It said the MoU would enhance government’s bid to develop the economy and diversify the economy. The Federal ...

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Nigeria strategizes to regulate bid rounds as 600 firms jostle for 57 marginal fields

Nigeria strategizes to regulate bid rounds as 600 firms jostle for 57 marginal fields

• Sets 24 months target for oil delivery after bids The Federal Government, yesterday, said about 600 companies have applied to be pre-qualified for the ongoing bid rounds of 57 marginal oil fields. The Director/CEO, Department of Petroleum Resources (DPR), ...

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Currency in circulation dropped to N2.29tn, says CBN

Currency in circulation dropped to N2.29tn, says CBN

Godwin Emefiele, CBN’s Governor Currency in circulation dropped by N52.5bn from N2.35tn at the end of May to N2.29tn in June, the latest figures from the Central Bank of Nigeria showed on Wednesday. Recent figures showed that there was a ...

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Naira trades at N381/$

Naira trades at N381/$

The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchange rates, Reuters reported on Wednesday. It noted that the central bank ...

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Official exchange rate may hit N430/$ – Report

Official exchange rate may hit N430/$ – Report

The nation’s official exchange rate may fall to N430 to the dollar by the end of 2020, United Capital Plc, a pan-African investment banking and financial services group, said on Tuesday. The firm, in its economic forecast for the second ...

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FG targets 50,000 farmers in post-COVID-19 intervention

FG targets 50,000 farmers in post-COVID-19 intervention

The Federal Government has said that no fewer than 50,000 smallholder farmers will benefit from the OCP Africa post-COVID-19 intervention package across the country. The Minister of State for Agriculture and Rural Development, Mr Mustapha Shehuri, stated this on Tuesday ...

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China reversing Nigeria’s infrastructural deficit, says Buhari

China reversing Nigeria’s infrastructural deficit, says Buhari

The President, Major General Muhammadu Buhari (retd.), on Tuesday lauded what he called China’s contributions towards the reversal of infrastructure deficit in Nigeria. He said such contributions were visible in the areas of rail, roads, airports and power. According to ...

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NPA: Southern Nigeria Leads In Managerial Positions

NPA: Southern Nigeria Leads In Managerial Positions

Contrary to the allegation of lop-sided appointments in the Nigerian Ports Authority(NPA), official records from the agency have shown that with a total of 302 managerial positions in the authority,179 positions are headed by workers from southern part of Nigeria, ...

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Clarion Bonded Terminal Re-Opens, Grants 4 Days Waivers To Customers

Clarion Bonded Terminal Re-Opens, Grants 4 Days Waivers To Customers

The Management of Clarion Bonded Terminal has granted its customers a four-day waiver to ensure evacuation of their containers from the terminal. The Legal Counsel of the terminal, Mr. Emmanuel Osonwa made this known on Monday on the sideline of ...

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Aviation Industry Will Get Two-prong Palliatives – Sirika

Aviation Industry Will Get Two-prong Palliatives - Sirika

Businesses in the aviation  sector will be given an opportunity to access a two-fold palliative from the Central Bank of Nigeria (CBN) and the Ministry of Finance and National Planning, according to the Minister of Aviation, Hadi Sirika. The Aviation ...

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