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Buhari signs Production Sharing Contract (PSC) Amendment Bill into law

In a move by the government to secure its equitable share of the proceeds of oil production, President Muhammadu Buhari, through his official Twitter handle…

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Nigeria may benefit from Afreximbank and Thelo DB’s deal on railway development

Nigeria and other African countries are set to benefit as the African Export-Import Bank (Afreximbank) has signed a partnership deal with South Africa-based Railway company,…

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400,000 people benefit from NIRSAL scheme

No less than 400,000 jobs have been created in different segments of the agricultural value chain by the Nigerian Incentive-Based Risk Sharing System for Agricultural…

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Pipeline vandalism: NNPC GMD invited for questioning

The number of lives lost to pipeline vandalism in Nigeria has been very worrisome for the Nigerian Senate. As a result of this, the lawmakers…

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Dividends on oil proceeds will be taxed – FG

There is a move by the Federal Government to tax dividends paid from the profit of oil companies. This is contained in the Finance Bill…

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IATA raises alarm over excessive charges on Nigerian airlines, others

The International Air Transport Association (IATA) has termed the charges being paid by Nigerian and other African airlines as excessive and a burden to their…

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Facebook launches new payment platform, Facebook Pay

Facebook Inc has announced the launch of Facebook Pay, a payment service that unites payments across its social media platforms such as WhatsApp, Instagram and…

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NNPC to pay BCE $22.6 million over failed contract

Nigerian National Petroleum Corporation (NNPC) has been ordered by the Supreme Court to pay BCE Consulting Engineers the sum of $22.6 million as damages over a failed Consultancy Service Contract. The…

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African Investment Forum: AfDB eye $67 billion deals

Deals worth $67 billion would be sealed at the second edition of the African Investment Forum which started yesterday, November 11 in Johannesburg. This is…

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Ecobank Transnational Incorporated appoints Laurence Do Rego as Group Chief Regulatory & Compliance Officer

Laurence Do Rego has been appointed as the Group Chief Regulatory & Compliance Officer of Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group….

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Huawei staff members to get $286 million cash reward, here’s why

Huawei Technologies has announced that it will reward its employees with 2 billion yuan ($286 million) for helping the company counter the sanctions imposed on…

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Again, Ghanaian traders shut Nigerians’ businesses

More attacks have been launched on Nigerian-owned businesses in Ghana by the Ghana Union of Traders’ Association (GUTA). The union reportedly stormed the Opera Square…

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OLX Group becomes largest shareholder in Cars45’s parent company, FCG

Berlin-based startup, Frontier Car Group (FCG) has secured $400 million investment from OLX Group. The capital infusion is expected to accelerate the growth of FCG into the…

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NNPC reiterates commitment to meet domestic gas demands

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to meet domestic gas demands as it disclosed plans to expand and integrate gas pipeline…

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Nigeria-Algeria highway gets Buhari’s approval

A special fund has been set aside for the reconstruction of the Trans-Saharan African Highway expected to connect Nigeria’s commercial city, Lagos with the capital…

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Nigerian firms risk delisting over failure to file annual returns – CAC

Nigerian firms still operational have been advised by the Corporate Affairs Commission (CAC) to file their annual returns or face delisting from its register. Why this matters:…

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Border Closure: Afreximbank boss demands use of Blockchain technology

The President of Africa Export-Import Bank (Afreximbank), Prof Benedict Oramah has said that Nigeria needs to start using technology to control smuggling rather than closing…

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Federal Government to introduce new laws for online businesses

Online vendors and business owners are set to get incentives for selling and marketing their businesses on social media or websites as the Federal Government…

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Twitter, Okonjo Iweala ask Youths to Create Jobs via Social Media

Nigerian youths have been advised to be more creative in their usage of social media, especially in the area of creating employment for themselves and…

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Lagos State doesn’t have enough tax payers – Commissioner for Economic Planning and Budget

The Lagos State Commissioner for Economic Planning and Budget, Samuel Egube, has said contrary to what people think about the revenue generating capacity of Lagos, the…

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