Business

American confined in Lagos hotel for 16 months rescued

American confined in Lagos hotel for 16 months rescued

  Police operatives have efficiently rescued an American citizen, who was confined in a Lagos lodge, the place she was held towards her want for over a 12 months by a Nigerian man she met on social media Drive Public Relations Officer, Drive Headquarters, DCP, Frank Mba, disclosed this in a press release in Abuja on Sunday. Mba stated the sufferer, who hails from Washington DC, USA and is a r... »

FG Hands Over National Theatre To CBN

FG Hands Over National Theatre To CBN

FG Hands Over National Theatre To CBN, Bankers’ Committee   The federal government yesterday handed over the National Arts Theatre, Iganmu, Lagos to the Bankers Committee to revamp for the creative industry financing initiative of the Central Bank of Nigeria (CBN). Receiving the edifice on behalf of the Bankers Committee, governor of the CBN, Godwin Emefiele, said the country’s creative indus... »

Nigeria close to securing $3 billion World Bank facility

Nigeria close to securing $3 billion World Bank facility

Nigeria close to securing $3 billion World Bank facility The Nigerian debt market has been faced with a series of challenges, most of which were triggered by the worst pandemic recorded in human history.  Its prospects in attracting foreign portfolio investors were dampened as macros on Nigeria’s economy revealed a downtrend in the market, and this trend has only worsened in the past months. The f... »

POWER CRISES:More electricity woes as tariff shortfall heads to N822bn

POWER CRISES:More electricity woes as tariff shortfall heads to N822bn

AGAINST the backdrop of the recent reversal of the new electricity tariff take-off,, the World Bank has indicated that Nigeria’s electricity tariff shortfall would rise by 56.9 per cent to N822 billion in 2023 from N524 billion in 2020.   Tariff shortfall is the difference between allowed tariffs and cost-reflective tariffs, which the Federal Government is responsible for funding. Government’... »

American confined in Lagos hotel for 16 months rescued

American confined in Lagos hotel for 16 months rescued

American confined in Lagos hotel for 16 months rescued   Police operatives have efficiently rescued an American citizen, who was confined in a Lagos lodge, the place she was held towards her want for over a 12 months by a Nigerian man she met on social media Drive Public Relations Officer, Drive Headquarters, DCP, Frank Mba, disclosed this in a press release in Abuja on Sunday. Mba stated the... »

N46B JOBS: Why Nigeria will never develop

N46B JOBS: Why Nigeria will never develop

  “I have said it openly; what do they need more than that? They want to control the programme and I said no, except the President says I should leave it…” – F. Keyamo, SAN, Minister of State for Labour, Employment, June 30, 2020.     Mr Keyamo made this declaration shortly after he was thrown out of the chambers of the National Assembly for demonstrating bad manners. Readers must w... »

COVID-19: BOI rolls out strategy for industry supports

COVID-19: BOI rolls out strategy for industry supports

  The Bank of Industry (BOI) is reviewing its strategic priorities to ensure continuous support for enterprises, especially those hard hit by the COVID-19 pandemic.     Specifically, it is deepening penetration in agro-processing, food processing, technology, healthcare and pharmaceuticals to stimulate economic recovery and growth.   The bank’s managing director, Mr. Kayode Pit... »

POWER CRISES:More electricity woes as tariff shortfall heads to N822bn

POWER CRISES:More electricity woes as tariff shortfall heads to N822bn

  AGAINST the backdrop of the recent reversal of the new electricity tariff take-off,, the World Bank has indicated that Nigeria’s electricity tariff shortfall would rise by 56.9 per cent to N822 billion in 2023 from N524 billion in 2020.   Tariff shortfall is the difference between allowed tariffs and cost-reflective tariffs, which the Federal Government is responsible for funding. Gove... »

business you can start in Nigeria

business you can start in Nigeria

business you can start in Nigeria Catfish Farming Cat Fish farming is profitable if you apply good management skill. Catfish business is growing huge in Nigeria and tons of individuals are already making millions from it. This business is lucrative if you’ve got the experience and therefore the capital to start out it. Catfish farming takes just 4months to start out making money from it. Catfish f... »

Mueller castigates Trump’s decision to commute Roger Stone’s sentence – live | US news

Mueller castigates Trump’s decision to commute Roger Stone’s sentence – live | US news

Mueller castigates Trump’s decision to commute Roger Stone’s sentence – live | US news The row over Goya Meals is spreading to some unlikely locations. Final week, Goya Meals CEO Bob Unanue heaped praised on Donald Trump, saying: “We’re all actually blessed on the similar time to have a pacesetter like President Trump, who’s a builder”. There was backlash on account of the truth that the pinnacle ... »

Latest news in Nigeria this morning, 24 June, 2020

Latest news in Nigeria this morning, 24 June, 2020

  1. 452 new COVID-19 cases recorded in Nigeria, total confirmed cases now 21,371. The Nigeria Centre for Disease Control has reported 452 new cases of COVID-19 in the country, bringing the total number of active infections to 21,371. 7,338 cases have been discharged and 533 deaths have been recorded in 35 states and the Federal Capital Territory. The 452 new cases are reported from 14 states... »

10 Jobs that pay you extremely well

10 Jobs that pay you extremely well

1. Pharmacy manager The average salary for a pharmacy manager is as high as $146,412. A pharmacy manager must have the qualification of PharmD (Doctor of Pharmacy), which requires you to carry out only 2 years of undergraduate studies (specialized), followed by 4 years of a professional program in pharmacy. It is mandatory for them to have work experience, too. A pharmacy manager can also be refer... »

HOW TO ADD CASH OPTION IN UBER

HOW TO ADD CASH OPTION IN UBER

    Uber is a ride-sharing company started in 2009 that revolutionized the taxi industry with a cashless, app-based transport experience in which licensed drivers that signed up to Uber “share” a ride with nearby app-users within minutes of their request by using smartphone GPS tracking. UBER CASH »

Nigeria’s excess crude account falls to $72 million

Nigeria’s excess crude account falls to $72 million

Nigeria’s excess crude account falls to $72 million Nigeria’s excess crude account has now fallen by a whopping 98% in just 5 years.   Nigeria’s Excess Crude Account (ECA) now stands at $72 million as the country continues to grapple with an unprecedented revenue crisis not seen since the early eighties. The ECA account has now fallen by about 98% within the last 5 years. The information on t... »

7 female executives under 40 in FinTech

7 female executives under 40 in FinTech

7 female executives under 40 in FinTech This article will be looking at seven female executives who are way ahead of the game in the Nigerian fintech sector; more interestingly, most of these women are under 40.   Banking and financial activities in the 80s were characterised by paperwork and file cabinets. But by the end of the twentieth century, the story changed with the introduction of te... »

Coronation Merchant Bank partners Union Systems to commence full automation of its Trade Finance Operations

Coronation Merchant Bank partners Union Systems to commence full automation of its Trade Finance Operations

Coronation Merchant Bank partners Union Systems to commence full automation of its Trade Finance Operations Coronation Merchant Bank has continued to make giant strides in Trade financing. Leading financial institution in Nigeria, Coronation Merchant Bank, has partnered with Union Systems Limited  to fully automate its Trade Finance Operations.  The trade finance software, Trade-XTM comes with a f... »

Supreme Court says Manhattan DA can get Trump’s tax records, but rejects bid by House Democrats

Supreme Court says Manhattan DA can get Trump’s tax records, but rejects bid by House Democrats

POLITICS Supreme Court says Manhattan DA can get Trump’s tax records, but rejects bid by House Democrats   KEY POINTS The Supreme Court delivered split opinions in two cases over whether President Trump can shield his tax records from investigators. It handed a win to the Manhattan district attorney but rejected efforts by House Democrats. Both cases were decided 7-2, with Chief Justice John ... »

10 Jobs that pay you extremely well

10 Jobs that pay you extremely well

1. Pharmacy manager The average salary for a pharmacy manager is as high as $146,412. A pharmacy manager must have the qualification of PharmD (Doctor of Pharmacy), which requires you to carry out only 2 years of undergraduate studies (specialized), followed by 4 years of a professional program in pharmacy. It is mandatory for them to have work experience, too. A pharmacy manager can also be refer... »

Avoid these risky investment ideas

Avoid these risky investment ideas

1.Things you don’t understand: what traps people One of the key elements to an investing decision is being aware of what each investment’s role is in your portfolio. Each investment is like a performer and there should never be a performer doing absolutely nothing. All in all, these investments should help you achieve the goals that you want. For example, if you want to buy a house in, say, 10 yea... »

Despite coronavirus our revenue has been positive — Apapa Customs boss

Despite coronavirus our revenue has been positive — Apapa Customs boss

  In the first five months, a lot had been achieved in consolidation of the previous achievements. January to June 2020, we collected the sum of N227.3 billion, while during the same period 2019, N203.2 billion was collected. For this year, January to June, you will notice a steady movement of revenue collection all through the first five months except the month of March and May which recorde... »

Trump vows to pressure governors to reopen schools in the fall

Trump vows to pressure governors to reopen schools in the fall

Trump vows to pressure governors to reopen schools in the fall KEY POINTS Trump said the White House plans to pressure state governors and educators to reopen schools in the fall, despite soaring infection rates across the country. “We’re very much going to put pressure on the governors and the schools to reopen,” Trump said at a White House event on school reopenings. “Open your schools in the fa... »

Mary Trump tell-all paints president as a ‘narcissist’ who is ‘lost to his own delusional spin’

Mary Trump tell-all paints president as a ‘narcissist’ who is ‘lost to his own delusional spin’

POLITICS Mary Trump tell-all paints president as a ‘narcissist’ who is ‘lost to his own delusional spin’ KEY POINTS CNBC obtained a copy of the forthcoming tell-all family memoir about President Donald Trump written by his niece, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man.” Mary Trump, a clinical psychologist, writes that her uncle is a textbook narcissist, an... »

Small business coronavirus relief loan database contains some big errors, firms say

Small business coronavirus relief loan database contains some big errors, firms say

Small business coronavirus relief loan database contains some big errors, firms say KEY POINTS Several companies that purportedly received forgiveable loans as part of a governnment program aimed at helping small businesses said that they did not apply for — much less get — the funds that are detailed in a database of loans. The venture capital firms Index Ventures and Foundation Capital, along wi... »

The risk of buying Forex at black market rate of N460/$1

The risk of buying Forex at black market rate of N460/$1

The risk of buying Forex at black market rate of N460/$1  July 7, 2020. Between 2012 and 2017 the naira has depreciated by 30% compounded annually.   If you ask anyone today to choose between being paid in dollars or in naira, there will only be one winner. Since the oil price crash in early March and the ravaging COVID-19 virus, the exchange rate between the naira and dollar has depreciated ... »

FG writes off N4.2bn debt for radio, TV stations

FG writes off N4.2bn debt for radio, TV stations

      The Federal Government has decided to write off 60 per cent of the N7bn owed by radio and television stations in licensing and renewal fees.   The government has also slashed the existing licence fee by 30 per cent for all open terrestrial radio and television services with effect from July 10.   The Minister of Information and Culture, Lai Mohammed, disclosed these ... »

Virus loans helped entities tied to Trump evangelical allies

Virus loans helped entities tied to Trump evangelical allies

Churches connected to President Donald Trump and other organizations linked to current or former Trump evangelical advisers received at least $17.3 million in loans from a federal rescue package designed to aid small businesses during the coronavirus pandemic. Those receiving loans include City of Destiny, the Florida church that Trump’s personal pastor and White House faith adviser Paula White-Ca... »

TikTok to leave Hong Kong as security law raises worries

TikTok to leave Hong Kong as security law raises worries

TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week. The short-form video app’s planned departure from Hong Kong comes as various social media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google, and Twitter balk at the possibility of prov... »

Trump donors among early recipients of coronavirus loans

Trump donors among early recipients of coronavirus loans

As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump’s election efforts, according to an Associated Press analysis of federal data. Many were among the first to be approved for a loan in early April, when the administration was struggling to launch the lending program. And only eight businesse... »

Get your self rich

Get your self rich

How to Invest Wisely Of course, that is easier said than done as there is a magnitude of information and investment options out there for you. Where does one actually start and ensure they are doing the right thing? Investing money is very much based on your personal interests, timelines, risks you can afford, and many other factors. “What” and “how” you invest might be very different from the nex... »

Oil marketers insist on full deregulation

Oil marketers insist on full deregulation

Oil marketers insist on full deregulation The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has impressed on the federal government the need to embark on full deregulation of the downstream sector of the nation’s oil and gas industry, saying this would benefit the economy on the long run. The association spoke aga... »

CBN palliatives coming for aviation industry

CBN palliatives coming for aviation industry

CBN palliatives coming for aviation industry   The Minister of Aviation, Hadi Sirika, has said following the loss made due to the closure of the airports for about three months,  businesses in the aviation  sector will be given opportunity to access a two-fold palliative from the Central Bank of Nigeria (CBN) and the Ministry of Finance and National Planning. The minister, who spoke in Abuja,... »

Trump-connected lobbyists reap windfall in federal virus aid

Trump-connected lobbyists reap windfall in federal virus aid

Forty lobbyists with ties to President Donald Trump helped clients secure more than $10 billion in federal coronavirus aid, among them five former administration officials whose work potentially violates Trump’s own ethics policy, according to a report. The lobbyists identified Monday by the watchdog public citizen either worked in the Trump executive branch, served on his campaign, was part of th... »

Small business aid went beyond hard-hit companies, data show

Small business aid went beyond hard-hit companies, data show

The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity-owned firms. The Treasury Department’s Payroll Protection Program approved applicants from a broad swath of industries. So... »

Overlooked low-stress jobs with a 6-figure salary

Overlooked low-stress jobs with a 6-figure salary

We know the job search can be overwhelming and a little scary. When looking for a new career path, there are certain jobs that stand out because of their popularity, if you do a bit of research you’ll realize that there are plenty of underrated jobs with high paying results. When it comes to making changes in your career or starting your post-grad life it’s important to understand there’s more out... »

Top Oil producing Countries

Top Oil producing Countries

The OPEC deal confronted obstacles as increasing oil production in the US and other international locations like Brazil and Libya softened the effect of the cuts and created some price volatility. In March of this year, the settlement expired, with manufacturing increasing dramatically in April following Russia’s choice not to approve further cuts proposed by means of Saudi Arabia. The de facto OP... »

Top 10 countries with the best currency in the world

Top 10 countries with the best currency in the world

Today I will be bringing to our knowledge the ten countries with the highest currencies,it was painful to note that no African country made the list. so below they are: 10. The United States Dollar One USD is approximately 362.973 (Nigerian Naira). Countries where the US dollar circulates include the United States of America, East Timor, and in Africa, Zimbabwe, among others. 9. Swiss Franc (1 CHF... »

10 Smart ways to help you earn a little extra cash

10 Smart ways to help you earn a little extra cash

1. Sell what you don’t require With the development of technology, there are several websites that have come up with this excellent idea of acting as a platform for you to sell belongings that you no longer require. There are also many apps that allow you to do the same. You can sell used DVDs, game CDs, books, musical instruments like the guitar, to name a few. Apart from this, Amazon also sells ... »

10 Professions that are here to stay despite the technology

10 Professions that are here to stay despite the technology

1. Chief executive officer Leadership is a quality that is made up of several aspects such as good decision making, hard work as well as smart work, team effort, motivation, to name a few. No matter how much the technology develops, it is highly unlikely for a machine to perform these activities on a day to day basis as these vary according to the situation. There may be devices that will help CEO... »

Access Bank hits over N1 billion in digital lending daily

Access Bank hits over N1 billion in digital lending daily

Access Bank hits over N1 billion in digital lending daily Access Bank’s expanded digital lending portfolio has hit a record N1billion daily in loan value. Access Bank’s expandedportfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value. According to Victor Etuokwu, Executive Director, Retail Banking, Access... »

Power sector loses N356.49bn as 4,000MW stalled daily

Power sector loses N356.49bn as 4,000MW stalled daily

  ‌ Between January and June 2020, Nigeria’s power sector lost N356.491bn as a result of three major constraints, OKECHUKWU NNODIM reports   About 4,000 megawatts-hour/hour of electricity was constrained daily in the power sector in the past six months, resulting in a cumulative revenue loss of N356.49bn.   Findings showed that insufficient gas supply, distribution infrastructure an... »

Poor electricity costs Nigeria N10tn yearly, says World Bank

Poor electricity costs Nigeria N10tn yearly, says World Bank

The unreliable power supply in Nigeria is causing huge economic losses, estimated at N10.1tn, yearly, the World Bank has said.   The World Bank, in a new report, noted that transition from a publicly-owned to largely privately-owned power market, which began in 2013, did not bring the expected outcomes.   “The sector is under severe stress,” it said, adding that the causes for the stress... »

Low internet access is driving inequality

Low internet access is driving inequality

Covid-19 and the great lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socio-economic inclusion. High-speed Internet is key for working from home, for children’s education when they can’t attend school in person, for telemedicine, for benefiting from social support programs and for enabling access to financial servic... »

NNPC announces top management appointments as top official resigns

NNPC announces top management appointments as top official resigns

ENERGY The NNPC has effected a major shake-up to enable the corporation to live up to its expectations. The management of the Nigerian National Petroleum Corporation (NNPC) has announced the exit of two senior officials and the redeployment of others. Two officials who recently left the corporation were replaced while other redeployments were also carried out. The Edo State-born top NNPC official ... »

Nigeria’s debt rises to $79.5 billion, as debt to revenue ratio worsens

Nigeria’s debt rises to $79.5 billion, as debt to revenue ratio worsens

ECONOMY & POLITICS Nigeria’s debt rises to $79.5 billion, as debt to revenue ratio worsens   According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt. Nigeria, Africa’s largest economy’s total public debt rose to $79.5 billion (N28.63 trillion) as of the first quarter of 2020, which is March 31, 2020. This represents a 15% increase from the figure tha... »

things small businesses can do

things small businesses can do

things small businesses can do This pandemic provides a good opportunity for businesses to do some re-evaluation; ask questions about how to improve efficiency after this blows away. One way to achieve that is by codifying processes and updating database. It is popular knowledge that information is vital for any business to survive. This means that customers and employees must be up-to-date on the... »

US court releases Onyema’s transactions details, issues arrest warrant

US court releases Onyema’s transactions details, issues arrest warrant

BUSINESS NEWS US court releases Onyema’s transactions details, issues arrest warrant United States Court has issued a warrant of arrest against Chairman, Air Peace Limited, Allen Onyema over alleged money laundering and bank fraud. A United States court has released the details of the transactions of the Chairman, Air Peace Limited, Allen Onyema over alleged money laundering and bank fraud in the ... »

Top Richest Companies In Nigeria

Top Richest Companies In Nigeria

1. Dangote Cement Market cap: ₦3.23 trillion Dangote Cement Plc is a Nigerian multinational publicly traded cement manufacturer headquartered in Lagos, the largest cement producer in the country. The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products across the African continent. Dangote Cement Plc was formerly known as Obajana Ce... »

Trump halts access to green cards, employment-based visa till end of 2020

Trump halts access to green cards, employment-based visa till end of 2020

Trump halts access to green cards, employment-based visa till end of 2020 Workers who are already in the United States will not be affected by this order. President of the United States of America, Donald Trump, is set to sign an order temporarily halting access to several employment-based visas, and issuance of green cards for the rest of the year. This decision, which comes as a result of the 13... »

Shell considers relocating its headquarters to the UK

Shell considers relocating its headquarters to the UK

Shell considers relocating its headquarters to the UK »

Even with a 939% jump in H1 Profit, Neimeth still needs to build consistency

Even with a 939% jump in H1 Profit, Neimeth still needs to build consistency

Even with a 939% jump in H1 Profit, Neimeth still needs to build consistency Neimeth has been one of the better performers in the stock market in the last one year. Neimeth’s profit after tax for H1 2020 might have jumped by 939% from H1 2019, but there’s still so much the company needs to do to remain in the game. For the first time in years, Pharmaceutical companies across the globe are in the s... »

National Housing Fund Scheme (NHF)

National Housing Fund Scheme (NHF)

National Housing fund (NHF) is a Federal Government introduced scheme, to which all public servants and employees in the organised private sector within the country are expected to contribute 2.5% of their monthly salary to Federal Mortgage Bank of Nigeria, managers of the fund. Employees of various corporations who are active contributors to the scheme, can access the fund through Union Homes Sav... »

Buhari suspends NSITF MD and other top management officials, appoints acting MD

Buhari suspends NSITF MD and other top management officials, appoints acting MD

ECONOMY & POLITICS Buhari suspends NSITF MD and other top management officials, appoints acting MD   The minister disclosed that the suspension of these officials became imperative after the preliminary investigation. Suspended officials to face Investigative Panel over financial infractions. President Muhammadu Buhari has approved the indefinite suspension of the Managing Director and Chief E... »

Labour tells FG to reverse new Petroleum Pump Price

Labour tells FG to reverse new Petroleum Pump Price

  THE Nigeria Labour Congress, NLC, on Thursday, told the Federal Government to reverse with immediate effect, the new pump price of Premium Motor Spirit, PMS, otherwise known as petrol to its former price.     The Federal Government through the Petroleum Products Price Regulatory Agency, PPPRA, had on Wednesday announced a new price regime for the PMS from N123,50 to N143,80 with e... »

2023: What counts against Igbo Presidency

2023: What counts against Igbo Presidency

  Just recently, the governors of the southeast and other political leaders in the region including the Ohanaeze Ndigbo met in Enugu where they discussed a myriad of problems confronting the Igbo including security and economic issues. They feared southeast could be under siege following recent movement of youths from the northern states despite the Covid-19 pandemic lock-down.   The mee... »

Nigerian and US Authorities battle former Enron Nigerian Subsidiary over $80 million Yacht

Nigerian and US Authorities battle former Enron Nigerian Subsidiary over $80 million Yacht

  ECONOMY & POLITICS Nigerian and US Authorities battle former Enron Nigerian Subsidiary over $80 million Yacht Both Nigerian and American governments have opposed Enron Nigeria’s appeal. Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with U.S. and Nigerian authorities over the proceeds of the sale of a luxury yacht. The dispute... »

Nigerians willing to travel abroad will  wait a bit longer – Aviation Ministry.

Nigerians willing to travel abroad will wait a bit longer – Aviation Ministry.

HOSPITALITY & TRAVEL Nigerians willing to travel abroad will wait a bit longer – Aviation Ministry Domestic flights between Lagos and Abuja will resume on Wednesday July 8. The Federal Ministry of Aviation announced on Wednesday evening that flights will commence with the Nnamdi Azikiwe International Airport, Abuja, and Murtala Mohammed Airport in Lagos on the 8th of July. The Ministry also an... »

how bitcoin exchange works

how bitcoin exchange works

  What Is a Bitcoin Exchange? A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency The currency ticker used for bitcoin is either BTC or XBT. KEY TAKEAWAYS A bitcoin exchange acts as the inte... »

Nigeria saves N15 billion through IXP, as Internet traffic goes local

Nigeria saves N15 billion through IXP, as Internet traffic goes local

With the aid of the Internet Exchange Point of Nigeria (IXPN), Nigeria is said to have saved about $40 million (N15.2 billion) in the localisation of Internet traffic, which would have gone abroad. The N15 billion savings, as explained by the Internet Society (ISOC), was achieved when the IXPN grew from carrying just 300 Megabits per second (Mbps) to peak traffic of 125 Gbps in 2020. According to ... »

Coronavirus puts flawed electricity tariff hike to test

Coronavirus puts flawed electricity tariff hike to test

GenCos threaten suit over delay • DisCos, govt, discuss poor services, supply cost • Senate urges Buhari to bear cost of deferred hike • Operators deny lobbying NASS, putting sector in debt Nigeria’s electricity supply industry faces yet another regulatory summersault, as the National Assembly, on Monday, toppled plans to increase cost of electricity supply by as much as 50 per cent. This came as ... »

New telecom regulations beckons

New telecom regulations beckons

  The Nigerian telecom sector may soon herald fresh transformation as new guiding principles have started to unfold gradually.   Barely a month after the current Executive Vice Chairman, EVC of the Nigerian Communications Commission, NCC, Prof Umar Danbatta was reappointed, the man is beginning to give an indication that a new sheriff is in town.   From his actions since his reappoi... »

Top ten agricultural products export from Nigeria

Top ten agricultural products export from Nigeria

Top 10 Agricultural Products Export from Nigeria Nigeria’s Agricultural sector records highest growth in Q1 2019, Central Bank disbursed N299 billion The latest foreign trade data released by the National Bureau of Statistics (NBS) shows that the top ten agricultural products exported from Nigeria are estimated at N82.3 billion. There is a 9% decline in the revenue made from the top 10 agric... »

Nigerian oil, gas stocks lose N178bn in six months

Nigerian oil, gas stocks lose N178bn in six months

  Oil and gas companies listed on the Nigerian Stock Exchange reported a loss of about N178.018bn in the first half of 2020 as the coronavirus pandemic continued to take a toll on the industry.   An analysis by our correspondent revealed that the oil and gas sector lost N178.02bn or 30.97 per cent to close at N396.67bn in market capitalisation on June 30, compared to N574.69bn at the beg... »

Benefits of AKK gas pipeline project by President Muhammadu Buhari

Benefits of AKK gas pipeline project by President Muhammadu Buhari

President Muhammadu Buhari on Tuesday affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajaokuta-Kaduna-Kano Gas (AKK) pipeline project within budgetary allocation and specifications.   Speaking at the virtual flag-off ceremony of the project at the Ajaokuta, Kogi State and Rigachikun, Kaduna State camp sites simultaneously, President Buhari said the project w... »

Bank of China, Sinosure to finance $2.6bn AKK gas pipeline ― FG

Bank of China, Sinosure to finance $2.6bn AKK gas pipeline ― FG

  The Federal Government, Tuesday, disclosed that funding for the $2.6 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline would be provided by the Bank of China and SINOSURE, while two Chinese firms would be working along with their Nigerian partners in the execution of the project.   Speaking at the virtual flag-off of the construction of the AKK Gas pipeline at the Ajaokuta and Kaduna cam... »

FG intervention loans will worsen businesses’ debts — Olawale

FG intervention loans will worsen businesses’ debts — Olawale

The Director-General, Nigeria Employers’ Consultative Association, Dr Timothy Olawale, speaks with IFE OGUNFUWA on the problems faced by the organised private sector and the government interventions required to mitigate the impact of coronavirus pandemic What has been the impact of the coronavirus pandemic and the lockdown introduced to curb the spread of the virus on the organised private sector?... »

FG okays N27b bailout for local airlines, sector

FG okays N27b bailout for local airlines, sector

The Federal Government has pledged to bail out the local aviation sector with a sum of N27 billion as part of measures to restart air travel and keep the airports safer.The sum, already proposed to some of the operators, will besides supporting the airlines, also fast-track the establishment of a private sector-driven national carrier. The Federal Government in March restricted local and Internati... »

The lone black programmer.

The lone black programmer.

Ibrahim Diallo got his first computer when he was five, which triggered a lifelong passion for programming.   He has worked as a software engineer in the US for 12 years and in 2018 wrote a much-read blog about how he was fired by a machine, which the BBC covered. Now, as race issues once again take centre stage in America and beyond, he has shared with the BBC his experience of being a black... »

Obama raises $7.6M for Joe Biden’s campaign

Obama raises $7.6M for Joe Biden’s campaign

Obama raises $7.6M for Joe Biden’s campaign Former President Barack Obama helped raise a record breaking $7.6 million from more than 175,000 individual donors ahead of his first fundraiser for presumptive Democratic nominee Joe Biden. “I’m here to say that help is on the way if we do the work,” Obama said during the virtual fundraiser. “Because there’s nobody that I trust more to be able to heal t... »

11 Smart Tips for Brilliant Writing

11 Smart Tips for Brilliant Writing

According to a study published in Applied Cognitive Psychology, the answer is no. In fact, complex writing makes you sound small-minded. Just consider the title of the study: Consequences of erudite vernacular utilized irrespective of necessity: problems with using long words needlessly. Wouldn’t it be better to title this study something like The effect of using big words when you don’t need them... »

36 Business Ideas in Nigeria That’ll Make You rich

36 Business Ideas in Nigeria That’ll Make You rich

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