Busines

FEC approves N2.9bn for printing of question papers, others

The Federal Executive Council on Wednesday approved N 2 .9 billion contracts for the printing of sensitive and non- sensitive examination materials . The council also approved N 1 . 6 bn for the rehabilitation...

FG okays 1,500 civil servants for SMAT-P training

A total of 1, 500 civil servants have been selected to participate in the second batch of the Structured Assessment-Based Training Programme, SMAT-P, by the federal government, Head of the Civil Service of the...

Access Bank offers N50b interest-free loans to MSMEs, youths

Access Bank Nigeria Plc. has said it is offering a N50 billion interest free facilities to support Nigerians and grants to support communities, the youths, and micro, small and medium-sized businesses. The bank said...

Shareholders approve N1.4b Conoil dividend

Shareholders of Conoil Plc at the weekend approved payment of N1.39 billion as cash dividend for the 2019 business year. Shareholders will receive a dividend per share of N2. At the virtual 50th annual general...

Looting: Abdulrazaq assures business owners of assistance

Adekunle Jimoh, Ilorin Kwara state Governor AbdulRahman AbdulRazaq has met with owners of the businesses affected in the Friday looting of public and private properties. He assured them of government’s support to get them back on...

Supreme court strikes out suit filed by Bayelsa state against Rivers state over ownership of Soku oilfield

The Supreme Court has struck out a suit filed by the Bayelsa state government over the disputed Soku oilfield belonging to Rivers State. Bayelsa State government had approached the Supreme Court after a Federal High...

Businesses, govts count losses to #EndSARS protest

At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges...

DISCOs collected N114bn revenues in Q1 of 2020 – NERC

The latest quarterly report issued by the Nigerian Electricity Regulatory Commission, NERC, showed that a total of N114 billion was collected as revenue by the 11 electricity Distribution Companies, DISCOs in the first quarter...

Chinese products top Nigeria’s imported goods list – NBS

A total of 31.41 per cent of goods imported into Nigeria are from China, according to the National Bureau of Statistics. The NBS stated in its report on ‘Foreign trade in goods statistics’ for second...

Access Bank Announces $130m Interest Free Loan

One of Africa’s largest banks has announced a N50 billion (About $!30 million) support in form of interest-free loans and grants to small and medium-sized enterprises (SMEs) to support the rebuilding of businesses affected...

US may file antitrust charges against Facebook in November- Washington Post

Facebook Inc may face US anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The Federal Trade Commission met privately on Thursday to discuss a...

Ivory trafficking: 118 elephant tusks seized in Southern Cameroon

One hundred and eighteen elephant tusks were seized in Ambam, in southern Cameroon, a hotspot for ivory trafficking near the border with Gabon and Equatorial Guinea, Jean-Claude Ekoube, head of communication for Cameroonian customs,...

Samsung Chairman Lee kun-hee dies at 78

Lee Kun-hee, the charismatic leader of Samsung Group, South Korea’s biggest conglomerate, died on Sunday, the company said, six years after he was hospitalised for a heart attack. Lee, who was 78, helped grow his...

Civil unrest hurting Nigeria’s outlook- IMF

The International Monetary Fund (IMF) on Thursday expressed concern about the civil unrest in Lagos and some other parts of Nigeria, following the shooting of some #EndSARS protesters at the Lekki Tollgate on Tuesday...

We are driving growth of domestic gas market to power Nigerian economy — Seplat

SEPLAT Petroleum Development Company Plc, said it is driving the growth of the domestic gas market to power the economy particularly because of the energy short fall in terms of electricity. The Chief Executive Officer...

Firm acquires Peugeot Nigeria, to inject $150m

NESBITT Investment Nigeria has acquired Peugeot Automobile Nigeria (PAN) and plans to inject $150 million in the next three years to revamp the automobile company. NESBITT said the $150 million investment would be spent on...

Fuel scarcity looms violence stalls Depot operation

The Independent Petroleum Marketers Association of Nigeria has warned about a looming petroleum scarcity in the country owing to attacks of petroleum tankers by hoodlums and the stalling of operations at petroleum depots across...

Cuba economy suffering under tightened US embargo- Foreign Minister

Cuba’s Foreign Minister said on Thursday that the US government has taken advantage of the coronavirus pandemic and “tightened the embargo against Cuba in an extreme and unprecedented manner”. In a press conference in Havana,...

UK sign free trade with Japan

Japan and Britain signed a bilateral free trade deal on Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s...

Huawei hoarded 5G chips before Trump sanctions says Bloomberg

Huawei Technologies Co. quietly spent months racing to stockpile critical radio chips ahead of Trump administration sanctions, ensuring it can keep supplying Chinese carriers in their $170 billion rollout of 5G technology through at...

💡 TODAY'S TRENDING NEWS

Wizkid Releases Full List Of Songs On Made In Lagos Album

International music star, Wizkid has shared the full list of songs on his most anticipated album, Made In Lagos, in anticipation of the release. Following...

Jigawa: NSCDC records 1,466 civil, criminal cases in three months

The Nigerian Security And Civil Defence NSCDC said it has recorded 1,466 civil and criminal cases within the last three months. This was contained in...

How Desmond Elliot allegedly cheated on his wife with Sophie Alakija’s elder sister who has a child for him

Popular actor and member of house of rep, Desmond Elliot has been accused of cheating on his wife with Sophie Alakija’s elder sister who...

Gunmen kidnap Ojukwu varsity female lecturer

Unknown gunmen reportedly numbering three and operating in a vehicle, on Wednesday abducted a female professor of the Chukwuemeka Odumegwu Ojukwu University, Igbariam. A source...

“People don’t need to know like this” – Desmond Elliot’s alleged secret baby mama, Halima begs blogger

Desmond Elliot’s alleged baby mama, Halima Warde Laraba Rammal, has begged popular Instagram blogger, GLB to delete the post she made, exposing her as...

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