The recent decision of social media giant, Twitter, to set up its Africa office in Accra, Ghana, has reopened talks on how Nigeria increasingly lose similar opportunity even as more companies relocate to the Ghanian capital. Daily Trust on Sunday [...]
Nigeria’s transport ministry has turned down requests to make public details of its recent concession of the Kaduna-Abuja rail ticketing, amid concerns over the valuation of the deal. The government announced in January that a private company will manage the [...]
The Federal Government says the issuance of new SIM cards will resume on April 19. Isa Pantami, minister of communications and digital economy, made this known in a statement released by Femi Adeluyi, his technical aide (information technology), on Thursday. [...]
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made the clarification in a statement on Tuesday in Lagos. “We wish to clarify that [...]
A new report said yesterday, over 428 oil and gas projects are expected to be developed in Africa’s oil and gas sector before 2025. Nigeria, regarded as one of the biggest crude oil producers on the continent according to the [...]
The debts of four states exceeded their net revenues by more than 400 per cent, the Fiscal Responsibility Commission has said. The states are Lagos, Osun, Cross River and Ogun. The FRC in its report ‘Debt sustainability analysis of state [...]
Moves to bolster the International Monetary Fund’s (IMF’s) emergency reserves could provide the $44bn needed to vaccinate 70 percent of the population in lower- and middle-income countries by the end of 2022, at no added cost to rich countries, according [...]
The South Korean electronics manufacturer, LG, is closing its loss-making mobile phone business. The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul. The shutdown of LG’s mobile phone sector is expected [...]
Almost two years after his last private trip to the United Kingdom (UK), President Muhammadu Buhari, yesterday, jetted out of the country on a medical trip to London for the sixth time since he was sworn into office in 2015. The [...]
The Kogi State Government last year spent N90 million on software that the developers now offer for only N300,000. The software, approved by a COVID-19 sceptic, Governor Yahaya Bello, was for tracking coronavirus cases in the state. However, the software [...]
The Bank of Industry (BOI) has predicted that the economy would ‘slowly’ recover from the adverse impact of the COVID-19 pandemic. “The economy will recover and as it recovers from the effect of the pandemic, I do see a period [...]
Hello guys, it’s Dubai boy again. Based on several requests and popular demand, I decided to make a video about tips to get jobs faster as a Nigerian in any foreign country.. particularly UAE (Dubai). Firstly let me debunk the [...]
The Central Bank of Nigeria (CBN) has approved 47 companies to operate as international money transfer operators (IMTOs), an effort interpreted as a move towards breaking the historical dominance of the industry cartel and liberalising the market. A document released [...]
Kwik Delivery has launched its breakthrough, just-in time delivery service to businesses, government agencies and merchants in Abuja. Kwik Delivery offers 1-hour delivery through its fleet of bike delivery partners and also provides access to a host of reliable, efficient [...]
The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on [...]
Transactions on the Nigeria Stock Exchange (NSE) reversed the previous session’s gains to close on a downturn yesterday, with market capitalisation depreciating by N8 billion. The All-Share Index (ASI) fell by 14.68 absolute points, representing a decline of 0.04 per [...]
Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005—exactly 15 years and 4 months ago. The February 2021 CPI and Inflation Report as released by the National Bureau [...]
Nigeria’s total public debt as at December 31, 2020 was N32.915 trillion, the Debt Management Office has said. The figures include the debt stock of the federal and state governments, as well as, the Federal Capital Territory. The DMO blames the rise [...]
The International Monetary Fund has said that Nigeria’s “over-Optimistic” revenue assumptions has made the government dependent on expensive borrowing from the Central Bank of Nigeria. The IMF stated that plans to increase Value Added Tax and minimum wage would also [...]
Nigeria’s foreign trade for the fourth quarter (Q4) of 2020 grew by N9.12 trillion, showing an increase of 8.88% as compared to N8.38 trillion marked in the previous quarter. This is according to the foreign trade report, recently released by [...]
As the Federal Government declared tax reliefs for businesses due to the economic impact of the COVID-19 pandemic, it is considering new taxes to generate revenue to fund the 2021 Appropriation Act. The Nigeria Customs Service also proposed the return [...]
The Niger Delta Development Commission (NDDC) says all is now set for the training of indigent Niger Delta youths on technical skills at Innoson Vehicle Manufacturing Company. This is contained in a statement issued by the commission’s Director of Corporate [...]
Famous Nigerian female biker Fehintoluwa Okegbenle, has again left many in awe, WonderTV media reports. Fehintoluwa took to her Twitter page to post pictures of her tour. According to her, On Sunday 14th February, 20121, she rode her bike power [...]
The Minister of State, Petroleum Resources, Chief Timipre Sylva has admonished Nigerians to be ready to bear the pains of increased petrol pump price as crude oil price climbs above $60 per barrel. Speaking at the official launch of Nigerian [...]
Members of the Ondo State Chapter of the National Association of Nigeria Nurses and Midwives (NANNM) have kicked against the refusal of the state government to pay their salary two months’ arrears. The nurses alleged that the state government had [...]
The consumer price index, (CPI), Thursday recorded 15.75 percent increase (year-on-year) in December 2020. In its monthly report released on Friday, the National Bureau of Statistics, (NBS) said the increase was 0.86 percent points higher than the rate recorded in [...]
Retired soldiers who fought in the Nigerian Civil War on Wednesday gathered in front of the Federal Ministry of Finance building in Abuja to protest against the nonpayment of the minimum wage arrears of their pension by the Nigerian government [...]
Google appears to be suffering a worldwide outage that has taken several services including YouTube, Gmail and Google Drive offline. Several people on social media reported issues with the platforms, with Gmail, YouTube and Google Drive all showing error messages [...]
Nigerian traders residing in Ghana under the auspices of National Association of Nigerian Traders have called on the Nigerian government to take urgent action, following reports that Ghanaian authorities were embarking on a fresh round of closure of shops belonging [...]
The estimated 25 million Nigerians that will benefit from the Federal Government’s Solar Home Systems that commences this week will be expected to pay about N4,000 monthly, the presidency has said. The Senior Special Assistant to the Vice President on [...]
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