Economy
Third Mainland Bridge rehabilitation nears completion
The Federal Controller of Works in Lagos, Mr. Olukayode Popoola, said yesterday that the rehabilitation of the Third Mainland Bridge...
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Edo: Obaseki, Ize-Iyamu lock horns in 12 battleground LGAs today
…as INEC warns election officials against malpractices Parties jostle for 1.726 million votes, 483,000 PVCs abandoned Police surround Wike, PDP...
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Autochek Acquires Cheki Nigeria, Ghana
Autochek, an automotive technology company, has announced its acquisition of Ringier One Africa Media-owned (ROAM) vehicles marketplaces of Cheki operations...
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FG apologises for asking all bank, other account holders to re-register
The Federal Government has apologised for asking all account holders in the country’s financial institutions to register their details again....
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CBN grants Greenwich Merchant Bank operational licence
The Central Bank of Nigeria has granted Greenwich Trust Limited a licence to operate as a merchant bank in the...
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Countries To Spend $428bn To Connect 3bn People To Internet – ITU
he International Telecommunication Union (ITU) has said about $428billion is required to connect the remaining 3 billion people aged ten...
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NNPC Records N20.36bn Trading Surplus in July
Nigerian National Petroleum Corporation (NNPC) said yesterday that it recorded an increased trading surplus of N20.36 billion in July 2020...
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COVID-19 infections going down, says PTF
There is a noticeable decline in the spread of Coronavirus infections, the Presidential Task Force (PTF) on COVID-19 Control said...
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FG orders all bank, other account holders to re-register
The Federal Government has ordered all account holders in the country’s financial institutions to register their details again. The order...
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Concerns over Flight Disruptions by Labour Unions
Industry stakeholders have appealed to the federal government to wade into the industrial dispute rocking some of the airlines which...
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Statutory revenue sheds N11.96bn as FAAC shares N682.1bn
The Federation Accounts Allocation Committee has shared a total of N682.06bn August 2020 federation account revenue to the federal, states...
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Coronavirus vaccine may be ready for public November – China
An official the Chinese Centre for Disease Control and Prevention, Guizhen Wu, has said the coronavirus vaccines being developed in...
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Anger over government’s plan to mark independence for ‘365 days’
• Middle Belt forum, PANDEF kick • Our public officials are jokers, Afenifere tells Buhari • President unveils anniversary logo...
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Stock market extends decline by N2bn
Equity trading on the floor of the Nigerian Stock Exchange on Wednesday witnessed another decline in share prices as bears...
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NLC Issues 12-day Ultimatum over Petrol Price, Electricity Tariffs Rise
Nigeria Labour Congress (NLC) has given the federal government September 28 deadline to reverse the recent increases in the price...
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Banks to phase out old cheque books December 31
Deposit Money Banks have started to notify their customers that they will phase out old cheque books and will no...
Read moreCBN Goes Tough, Probes Gaming Companies’ Alleged FX Infraction
Following its earlier decision to place the accounts of some gaming companies under post-no-debit (PND), the Central Bank of Nigeria...
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New Report Seeks Repeal, Re-enactment of Cybercrime Act 2015
A new report that explores the state of digital rights and privacy in Nigeria that was launched by Paradigm Initiative,...
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Stanbic IBTC’s shareholders get 601m scrip shares
Stanbic IBTC Holdings Plc on Wednesday listed 601.03 million new ordinary shares of 50 kobo each at the Nigerian Stock...
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Inventories hit N402 billion amid weakened purchasing power, forex concerns
Despite struggling to access foreign exchange to secure raw materials, local manufacturers have decried the rising level of inventory, especially...
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FG, Labour Talks on Petrol Price Rise End in Stalemate
The talks between the federal government and the organised labour on the removal of petrol subsidy and the increase in...
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Inflation hits 29-month high
• Prices spike at 13.22%, Buhari, Emefiele see hope • Imported food tops with 17.3% rate • Food inflation worst...
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Naira plunges further, exchanges for N460
The naira continued its downward trend, as it exchanged for the dollars at N460 in the parallel market on Tuesday,...
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FG’s N250b gas intervention fund targets CNG, LPG as alternative fuels
The Federal Government has stated that its N250 billion intervention facility for the national gas expansion programme is targeted at...
Read moreCBN Releases Framework for N200bn Housing Fund
The Central Bank of Nigeria (CBN) has released the framework for the implementation of Family Homes Financing Initiative (FHFI), which...
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