Economy
N1.3bn debt: AMCON takes over Inducon Nigeria’s assets
The Asset Management Corporation of Nigeria has said it took over an asset belonging to the Chief Promoter of Inducon...
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Galloping Inflation, Economic Recovery Top Agenda as MPC Meets
As the Monetary Policy Committee of the Central Bank of Nigeria (CBN) meets today to commence its two-day meeting, the...
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From Oil Trading to Human Capital Transformation and Innovation
History is rife with enthralling stories of notable men and women who made a name for themselves through the brazen...
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CBN threatens to shut accounts of diaspora remittance violators
The Central Bank of Nigeria has vowed to withdraw the operating licences of operators who continue to violate rules regulating...
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Ogun expands tax net to border communities
The Ogun State Government has said it would look beyond taxing border communities in Lagos to Ogun communities bordering Oyo,...
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MSMEs key to economic growth, poverty reduction, says Minister
Minister of Industry, Trade, and Investment, Niyi Adebayo, has emphasised the importance of Micro, Small, and Medium Enterprises (MSMEs) for...
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KLM sacks 6,000 workers in seven months
Dutch carrier, KLM, has sacked a total of 6,000 staff members in seven months. A statement by the firm titled,...
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Lafarge Africa to Divest 35% Shareholding in CBI Ghana
Lafarge Africa Plc, a cement manufacturer, has disclosed its decision to divest its 35 per cent shareholding in Continental Blue...
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AMCON takes possession of Enugu school with 50 policemen
The Asset Management Company of Nigeria on Thursday invaded Providence High School, Enugu, with over 50 riot policemen to take...
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Ogun to automate revenue generation for 2021 budget funding
With the negative COVID-19 pandemic on revenue inflow, Ogun State Government has said that it would automate its revenue generation...
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African electronic payment market to grow by $27 billion in 2025
The African electronic payments market is expected to grow at 18 to 20 per cent per annum until 2025, reaching...
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Nigeria’s Inoperable Waterways
It is an established fact that inland waterways facilitate commerce, promotes wealth creation, poverty alleviation, and creates job opportunities for...
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NSE All-Share Index Rises 0.23% as Market Rebounds
The stock market rebounded yesterday after two days of decline as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose...
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COVID-19 and the Insurance Sector
Ebere Nwoji writes on the impact of the pandemic on the global insurance sector As the second wave of the...
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InfraCos to face telcos challenges as industry awaits take-off
The Association of Licensed Telecoms Operators of Nigeria (ALTON) has projected that except there are interventions, new sets of challenges...
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UK coronavirus strain detected in 60 countries —WHO
The UK coronavirus strain has been detected in at least 60 countries, the World Health Organization said Wednesday, 10 more...
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24 countries impose travel insurance
TWENTY-FOUR countries have imposed a travel insurance, including COVID-19 treatment fees on travellers, acording to Allianz Travel. Allianz said they...
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Nigeria seeks sustainable oil, gas sector with NOGEC
A new infrastructure; National Oil and Gas Excellence Centre (NOGEC), built by the Department of Petroleum Resources (DPR), aims to...
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INEC planning to make NIN compulsory for voter registration
The Independent National Electoral Commission is considering making the National Identity Number a precondition for registering voters when the continuous...
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160.2m SIMs yet to be linked with NIN
At the expiration of the January 19 deadline given subscribers with National Identity Numbers (NINs) to sync their Subscriber Identity...
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Stocks as Hedge against Inflation
Goddy Egene writes that given the gains being recorded in the equities market, discerning investors could invest in stocks to...
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Nigeria’s rail costs exceed AU’s estimates by over 100%
• Non-competitive bidding responsible, says expert • ‘Contracts awarded before preliminary designs’ • NRC is in better position to speak...
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FBNQuest: why firms need private equity in capital raising
FBNQuest has highlighted what companies raising funds through private equity and alternative investments stand to gain. In a report,...
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Shareholders caution FG against borrowing unclaimed dividend
Divergent views have continued to trail the Federal Government’s moves to borrow N895 billion from unclaimed dividends and dormant account...
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Barkindo: Worst is Over for Oil Industry
The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has said that given the very bad experience...
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