By Ade Jacobs Nigeria’s trade deficit has hit a three year high of N2.4 trillion…
Category: Economy
FG announces reduction in petrol pump price
The Federal Government has announced a reduction in the pump price of premium motor spirit, otherwise…
Philanthropist gives N10.5m interest-free loans to Lekki EndSARS protest victims
A philanthropist, Chief Temitope Ajayi, has given out the second tranche of interest-free loans worth N10.5…
Int’l Maritime Organisation Commends Nigeria’s Fight Against Piracy
By Ade Jacobs The International Maritime Organisation (IMO), has commended Nigeria’s leadership role in the quest…
Julius Berger expands its CSR contributions to mark 50th anniversary
By Saidu Idris The Managing Director of Julius Berger Nigeria Plc, Dr. Lars Richter, on Friday…
We must discontinue dependence on crude oil for revenue, forex – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need…
FG to revive 3 major power projects in Abia, says power minister
The Federal Government is to revive three major power projects in Abia North Senatorial District, in…
AfDB president wants Nigerian leaders to unite against recession
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has charged Nigerian leaders to…
FIRS generates N4.17trn in 10 months
Mr Muhammad Nami, Chairman, Federal Inland Revenue Service (FIRS) on Friday said that a total of…
Kyari Assures Indigenous Shipping Coys Of Support
By Ife Osemedua The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to support indigenous…
COVID-19: Arik Air disengages 300 Workers
By Gabriel Atumeyi Due to dwindling revenue caused by the impact of Coronavirus on its…
Fitch predicts New Year recovery for Nigerian Banks
By Ade Jacobs Global ratings agency, Fitch, has forecasted that banking business in Nigeria will…
NIMASA stresses indigenous participation in Cargo freight
The Nigerian Maritime Administration and Safety Agency (NIMASA) has stressed the need for Nigerian cargoes to…
Court remands alleged Facebook hacker
Justice Agatha Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State, has remanded…
Ports: ANALCA says Presidential Task Force extorts N300m weekly
By Ade Jacobs The Association of Licensed Customs Agents, ANALCA, has cried out to the Federal…
Yuletide: Glo to gift subscribers 10% bonus airtime
all new and existing prepaid customers on Glo network can enjoy 10% bonus airtime upon recharging…
First Bank Partners Lagos Govt To Promote Access To Affordable Healthcare
“The agency realised that not all residents can go to the Bank or use online platforms…
Innoson, GTBank’s case takes new twist over N32bn debt controversy
The money in question rose from about N8.2 billion to over N32 billion due to accumulated…
European Council approves debt relief efforts for African countries
The European Council on Tuesday approved a set of conclusions in response to a call…
FG concedes N1.024 trillion import duty waivers – Finance Minister
“Import duty waivers, concessions, grants N503.587 billion, Value Added Tax (VAT) waiver N227.789 billion."
Covid-19: FirstBank launches next-generation ATM
The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry…
Elumelu acquires Insurance License
“Today, I am proud to announce that the Nigerian Federal Government, through the insurance regulator, the…
House of Reps hails NNPC’s strides in transparency
“We have the GMD and his management team here to defend their budget, we appreciate this.…
Ebonyi pledges land, office complex support for SON
"The time is ripe and time is now for SON to start operation in Ebonyi."
Refineries shutdown because operations no longer sustainable – NNPC
“For instance, to run the Kaduna and Warri refineries, you need to deliver 170,000 barrels of…
How smuggling activities persist amidst border closure
As the Yuletide season approaches, more smuggled items – mainly foreign parboiled rice, tomato…
25,000 families benefit from LG’s free laundry services in Nigeria
“This can serve forty families in a day. It can wash up to 500 clothes per…
LADOL boss urges private sector to embrace SDGs
By Ade Jacobs The Managing Director of the Lagos Deep Offshore Logistic Base, LADOL,…