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Ban to curtail generator importation faces strict resistance by Senate

A suggestion put forward by Senator Francis Fadahunsi, to enforce a five-year ban on generator importation has been rejected by the Nigerian Senate, according to Punch. The…

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UBA’s Tony Elumelu offers final solution to terrorism in Nigeria, other African countries

The Chairman, United Bank for Africa Group (UBA), Tony Elumelu, has proposed a final solution to insecurity and terrorism which has ravaged the Northern part of Nigeria and some…

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Finance Bill: Drama over Public hearing as Reps boycott hearing

It appears things did not go as planned following the decision of the finance committee of the House of Representatives not to attend a joint…

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1,759 illegal mining sites operate in Nigeria – Minister of Mines and Steel

The number of illegal mining sites in operation all over Nigeria has been set at 1,759, according to Vanguard. This information was disclosed by Minister of Mines and Steel…

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Crude Oil: Nigeria’s volatile oil sector and economic progress

Nigeria is Africa’s largest crude oil exporter and ranks among the top ten exporters in the world. The country’s economy remains heavily reliant on its oil sector…

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VFD donates administrative block, education materials to Anambra schools

VFD Group has recognized education as one of the building blocks of any nation as it renovated administrative block and provided some educational materials for Uga…

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GTBank, Access, FBNH, Standard Chartered wrestle over women entrepreneurs

GTBank Plc, Access Bank Plc, Standard Chartered Plc and First Bank Holding Plc, among others, are currently scrambling over one another to ensure that full gender…

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Rapid increase in food prices temporary – Emefiele

Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has disclosed that the rapid increase in food prices and all other products, excluding farm…

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Amendment of Deep Offshore Act: NNPC allays fears of IOCs

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has urged the International Oil Companies (IOCs) not to worry over the recent amendment…

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Chinese automobile maker, GAC Motors to set up assembly plant in Lagos

Chinese automobile maker, Guangzhou Automobile Group (GAC Motors) has announced that it is considering setting up an assembly plant in Lagos, Nigeria following the visit of Lagos…

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Trade conflict between United States, China continues to affect oil prices

There was a decline in U.S oil prices today, pressured by limited progress in efforts to resolve the trade conflict between the country and China as well…

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Agric firm raises N15 billion bonds, records 113% oversubscription of first bond issue

TAK Agro Plc, an agro-allied company has raised the sum of N15 billion senior secured bonds for the purpose of transporting fertilizer and food grains…

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Three tech startups provide solutions to Nigeria’s health, property, automotive problems

Honeywell Group‘s venture capital programme for African startups, Itanna, held its second acceleration programme where three innovative startups, Gerocare, E-Estate and SimbiBot showcased their solutions to problems in health, real estate, education and…

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Danish firm opens job windows for Nigerians

Nigeria is set to get support from Denmark as the Danish Ambassador to Nigeria, Ambassador Jesper Kamp disclosed his country’s commitment to creating job opportunities…

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AMCON possesses APC’s chieftain’s assets over N1 billion debt

The Asset Management Corporation of Nigeria (AMCON) has taken over two properties owned by Ademola Seriki in Lagos and Abuja after the order of Hon. Justice Chuka…

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Trade Financing: AFDB agrees 3- year $250 million deal with ABSA

The African Development Bank (AfDB) has agreed a $250 million trade financing deal with ABSA, in its efforts to foster inter and intra Africa trade, and reduce…

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Ikpeazu presents N136.6 billion 2020 budget

Abia State Governor, Dr Okezie Ikpeazu has presented the sum of N136.618 billion to the state’s House of Assembly as the Government’s 2020 budget. The budget is tagged…

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Increasing food prices might erase chances of CBN cutting interest rate

Given the recent inflation figures released by the National Bureau of Statistics (NBS), chances that the Central Bank of Nigeria (CBN) will bow to pressure and cut…

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Former bankers who stole from Diamond Bank (Access Bank) get jail terms

The Economic and Financial Crimes Commission (EFCC) has secured jail terms for two former staff of Diamond Bank Plc which merged with Access Bank Plc earlier this…

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Like Gabon, Congo, Jumia shuts down operations in Cameroon

When Jumia Group opened its Cameroon subsidiary in 2014, it promised to make buying items easier for both residents and citizens. But little did it know that…

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