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Federal Govt. Approves N497m For Cross River Dam Project

The Federal Government has approved N497 million for the construction of the Ijegu Yala Dam in Yala Local Government Area of Cross River. The construction…

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NSE Market Indicators Drop By 0.08%, Halts 10-day Upward Trend

Trading on the Nigerian Stock Exchange (NSE) on Thursday closed lower halting over 10-day upward trend with the All-Share Index dropping by 0.08 per cent…

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NNPC Disowns Fake NETCO Recruitment Advert

The Nigerian National Petroleum Corporation (NNPC) on Thursday disowned advertisements on social media seeking for applications to fill phantom positions in the Engineering Department of…

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Why Samsung Can’t Establish Plant In Nigeria

Samsung Electronics has said that one of the reasons for not establishing a manufacturing plant in Nigeria is because its market share in the country…

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EFCC Drags Stockbrokers To Court Over Alleged N13b Fraud

Four stockbrokers are currently facing trial before Justice Josephine Oyefeso of a Lagos State High Court, Ikeja, for their involvement in an alleged N13 billion…

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5,253 Anambra Rural Farmers Benefit From FADAMA Intervention

Mr Chucks Egbueh, the Project Coordinator of FADAMA in Anambra, says 5, 253 farmers benefitted from the various interventions of the FADAMA III project in…

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AfDB Takes “Farming Is Cool’’ Initiative To Nigerian Schools

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, says the bank has taken its “farming is cool’’ initiative to schools in the…

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Naira Exchanges At N360.56 Against Dollar At Investors’ Window

The Naira on Wednesday traded at N360.56 against the dollar at the investors’ window. The Nigerian currency was sold at N362 to the dollar at…

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DMO Raises N1.2trn From Domestic Market For Capital Projects

The Debt Management Office (DMO) says in line with its statutory mandate of funding federal budgets, it raised N1.2 trillion to fund the capital component…

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Nigeria’s Inflation Drops To 15.37% In December 2017 – NBS

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.37 per cent in December…

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Telecom Operators Likely To Implement NCC Policy

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says its members are likely to implement the 14 days g ace for data roll-over planned…

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N144.7b Earned From Cashew Exports In 2017

The National Cashew Association of Nigeria (NCAN) says Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other…

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Customs Targets N1.5 Trillion In 2018

The Nigeria Customs Service has set a revenue target of N1.5 trillion for 2018. The Comptroller-General of Customs, Hammed Ali, disclosed this at the first…

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Edo Inland Container Dry Port Will Soon Commence Exports Activities

The Edo Inland Container Dry Port (EDO-ICD) will soon commence export activities from operational base, an official of the port has said. Mr Charles Akhigbe,…

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CBN Pumps Another $262.5m To Forex Market

The Central Bank of Nigeria (CBN) on Friday intervened in the inter-bank Foreign Exchange Market with 262.5 million dollars. Data obtained from the CBN in…

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Nigeria Ends 2017 With 101,695 Domain Names

The Nigeria Internet Registration Association (NIRA) said on Friday that 101,695 domain names existed in the country’s domain registry as at 2017, up from 76,907…

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9mobile Acquisition: NCC Sets New Bidding Deadline

The Nigerian Communications Commission (NCC) has said that the new deadline to conclude bidding for the acquisition of 9Mobile is Jan. 16, as against Dec….

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NCC reacts to sale of 9Mobile to ‘anointed bidder’

The Nigerian Communications Commission (NCC) on Thursday dismissed reports alleging that a preferred bidder has been anointed for the acquisition of telecom giants, 9Mobile. T​his…

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Paddy Rice Output Increases To 17m Tonnes In 24 Months

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, said that the production of paddy rice had increased from five million tonnes to 17…

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Obaseki, China SINOPEC Sign 5,500bpd Edo Modular Refinery Deal

Edo State Government Wednesday signed a Memorandum of Understanding (MoU) with a Chinese Consortium for the construction of a 5,500 barrel per day modular refinery…

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