Insurance companies under the aegis of the Nigerian Insurers Association have paid N9bn in claims to customers who suffered losses during the public protests against police brutality, also known as #EndSARS protests, in October last year. Lootings, destructions and deaths had marred [...]
Sometime in 2013, Nigerian multi-billionaire businessman, Leno Adesanya, approached a secrecy seller in the British Virgin Islands, Trident Trust Company Limited, to help family members of Sambo Dasuki, the National Security Adviser at the time, to register a shell company, [...]
President Muhammadu Buhari has approved the appointment of Ezra Yakusak as Executive Director/Chief Executive Officer of Nigeria Export Promotion Council (NEPC) The appointment is for an initial term of four years in accordance with the provision of Section 7 (1) of [...]
South Africa’s biggest metalworkers union has launched an indefinite strike, seeking pay rises and threatening to block supplies of parts to make new cars and accessories, according to industry and union officials. With approximately 155,000 members organised in the sector, [...]
BUA Group is set to commence the construction of a 2,000tonnes/day Plaster of Paris (Gypsum Powder) production plant. This was made known during the signing of an agreement between BUA and MMM Erba Makina of Turkey – one of the [...]
Known for loss making in the past 44 years of its existence, the Nigerian National Petroleum Corporation (NNPC) has declared a N287 billion profit after tax (PAT). Although the audited report, which produced the figure is yet to be released, [...]
Russia’s second-largest oil company, privately controlled Lukoil, has said it is planning to expand its operations in Nigeria. Ivan Ramanovsky, the company’s Vice President in charge of West Africa, Europe and America disclosed this during a visit of the Nigerian [...]
The federal government has appointed Transaction Advisers for a $6.2 billion Eurobond Issuance set for part-funding of its estimated N5.2 trillion deficit in the 2021 Budget. According to the Debt management Office (DMO), the Federal Executive Council (FEC), at its [...]
Officials from 130 countries and jurisdictions have thrown their support behind the United States’ proposal to require a minimum global tax for corporations starting at 15 percent, a key step in curbing corporate tax avoidance and a major victory for [...]
Nigeria will begin the operation of a new national air carrier in the first quarter of 2022, the Minister of Aviation, Hadi Sirika, announced Wednesday. Mr Sirika said this while speaking to journalists after the Federal Executive Council presided by Vice President [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was spending about $500m annually on oil palm imports. At the national workshop on oil palm organised in Abuja by Solidaridad, [...]
The Nigerian government has allowed Dangote Cement to resume exports across its land borders which have been closed for over a year; and this has raised brows, IgbereTV reports BUA Group and a gas company have also received presidential approval [...]
The Association of Nigerian Bookmakers is the national trade association of sports betting operators and our attention has been drawn to the recent forceful closure of several sports betting shops across Kaduna State by officials of Kaduna State Internal Revenue [...]
Multinational culinary product manufacturer GBfoods has commissioned the recently completed tomato processing factory in northwestern Nigeria, the company said Monday. The ₦20 billion plant, located in Kebbi State, was built in partnership with the Central Bank of Nigeria, Kebbi State [...]
A South African real estate investment firm, Novare, said on Wednesday that tenants at its three shopping malls in the Federal Capital Territory (FCT), Abuja and one in Lagos would not pay rent for four months. The firm also donated [...]
The Federal Government has appealed to traders not to hike prices of food items and transportation as the country battles to contain the Coronavirus (COVID-19) global pandemic. Alhaji Lai Mohammed, the Minister of Information, Culture, and Tourism, made the appeal [...]
There is no doubt that the coronavirus pandemic has exposed the frailties of the human race. It has also wrecked the world economy. However, it has also brought out the best in some people as many Nigerians have come to [...]
Meet Nigerian Entrepreneurs Who Raised $10M To Transform Africa’s Healthcare – Forbes For decades African hospitals had been operating entirely manually, from taking notes on paper on how many patients entered the hospital on any given day, to what type [...]
The Lagos State Government has issued new guidelines for the reopening of markets and shopping malls in the state as part of efforts to curb the spread of the Coronavirus pandemic following Governor Babajide Sanwo-Olu’s announcement of the gradual easing [...]
Two safety agencies of Lagos State Government on Monday discovered five containers laden with rotten fish and other edibles in Apapa area of the state. The Hope For Nigeria Online learnt that the shocking discovery was made during a site [...]
Hope For Nigeria Online reports that the governor of Ekiti State, Dr. Kayode Fayemi, said that his administration was in partnership talk with Dangote, Coscharis and Stallion Group Industries Limited to set up a rice mill in the state. The [...]
The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company. Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development [...]
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