Naija News

Trouble as Sanwo-Olu set to make critical pronouncement on Okada

Lagos State Governor, Babajide Sanwo-Olu has said that new policies that will regulate the operations of Okada in the state are underway. The Governor made this revelation on Friday while giving an account of his stewardship in the first 100 days in office at De Blue Roof of Lagos Television in Agidingbi, Ikeja. The event, […]

NAIJA BIZ

AfDB’s appoints a Nigerian as head, Africa Investment Forum

Chinelo Anohu, aninternational corporate lawyer,has been appointed by the African Development Bank Group (AfDB)as head and senior Director of Africa Investment Forum. The appointmentwhich took effect on the 1st of September was disclosed by the AfDBPresident Dr.AkinwunmiAdesina. While speaking on the appointment, Adesina expressed his delight and enthusiasm that Anohu was joining the forum.  “Anohu is joining us as the Head, and Senior Director of Africa Investment […]

NAIJA BIZ

Traders, artisans to get N1 billion credit facility in Kwara

No fewer than 1000 petty traders and artisans in Kwara state are set to benefit from N1 billion loan disbursement by the Kwara State Social Investment programme (KWSSIP) under the Kwara State Government. The loan disbursement plans was disclosed by the state governor, Governor AbdulRahman AbdulRazaq during a meeting with journalists, in Ilorin. AbdulRazaq said that the Poverty Reduction Programme aims to assist Kwarans to acquire and develop […]

NAIJA BIZ

Xenophobia: MTN Nigeria discloses date for resumption after office shut down

Two days after shutting the doors of its offices across Nigeria over reprisal attack from protesting Nigerians, MTN Nigeria has set a new date for resumption of work by its staff. The network provider’s centers had been attacked in Lagos, Ibadan and Uyo this week. Although the closure of the offices didn’t affect the service of MTN Nigeria, Nairametrics learnt […]

NAIJA BIZ

NAFDAC to commence e-license for importers

The National Agency for Food and Drug Administration and Control (NAFDAC) has disclosed to the general public that electronic NAFDAC licenses have been incorporated on the Nigeria Single Window for Trade for the processing of import transactions.  This means that importers, customs licensed agents, port stakeholders, authorised dealer bank and so on can now get their licenses in electronic formats on the Nigerian Single Window for Trade portal for their import transactions […]

NAIJA BIZ

FG approves construction of Ebonyi International Airport

The Federal Government (FG) of Nigeria has approved the request for the construction of a new International Airport in Ebonyi State. Minister for Aviation, Hadi Sirika made this known in a letter signed on his behalf by the Director Safety and Technical Policy, Captain Alkali. The details: According to the Minister, the approval followed the visit of a Technical team […]

NAIJA BIZ

Bismarck Rewane queries CBN and FG, says Nigerian economy in critical times

Bismarck Rewane, the Chief Executive of Financial Derivatives Company Limited, has questioned the monthly Purchasers’ Manufacturing Index (PMI) released by the Central Bank of Nigeria (CBN). Also, as financial experts continue to react to the latest Gross Domestic Product (GDP) data released by the National Bureau Statistics, Rewane, has also disclosed that the federal government needs urgent […]

NAIJA BIZ

Puma set to compete with Apple, Samsung

Sportswear firm, Puma is set to compete with tech giants, Apple, and Samsung as it announced the launching of its first-ever smartwatch. The gadget which will be launched in November 2019 will cost almost N100, 000 ($275). The features:The Puma smartwatchcomes with a Qualcomm’s Snapdragon Wear 3100 chipset and Google’s Android operating system for wearables, Wear OS. Other features of the watch include heart rate […]

NAIJA BIZ

Buy or Not: Samsung launches its foldable ‘Galaxy Fold’ worth over N700,000

Samsung’s Galaxy Fold will be available for purchase around the world from September 6, 2019. The release is five months behind the initial date set for launch. The phone maker postponed the April launch following an unforeseen setback. But Samsung has announced that the Galaxy Fold would be launched tomorrow for interested buyers in Korea, followed by France, […]

NAIJA BIZ

World Bank says Nigeria is living on borrowed time

The World Bank has stated that Nigeria is living on borrowed time as it continues to make financially irresponsible decisions as regards food importation. The World Bank said this is affecting local farmers and increasing unemployment in the country.  The statement made by the Senior Agricultural Economist of World Bank, Adetunji Oredipe, at the agriculture summit Africa in Abuja. Oredipe said Nigeria has risen to […]

Naija News

Nigeria’s ruling party chairman, Adams Oshiomole calls for Nationalization of South African Businesses

Adams Oshiomole, the National Chairman of Nigeria’s ruling party All Progressive Congress (APC) has called for the Nationalisation of South African Companies in Nigeria. He made this remark at a party event in the wake of the Xenophobic attack on Nigerians and other Africans in South Africa. In the remark, the targeted South African companies, […]

Naija News

Why Nigeria can’t sever relationship with South Africa – Onyeama

Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama on Friday explained reasons why Nigeria cannot sever diplomatic relationship with South Africa despite Xenophobic attacks on Nigerians in that country. Onyeama, who appeared before the Senate Committee on Diaspora disclosed that such action would not be in the interest of the nation, disclosing that currently, there were […]

Naija News

Exposed: How former Governor, others shared contract money – Seyi Makinde

Oyo State State Governor, Seyi Makinde has exposed how former Oyo State Governor shared money meant for contract with others, leaving only 10 percent for the execution of the project. Makinde, in his 100 days chat on Twitter, did not mention the name of the governor, but in the manner he spoke, he was apparently […]

NAIJA BIZ

Quick take: Post-merger synergies coming to fruition

Access Bank recently released the first post-merger audited H1 2019 financial report for the combined entity following the merger with Diamond Bank. The results was broadly impressive as the Group recorded double-digit growth across major income lines whilst maintaining a robust balance sheet with total assets of the combined entity printing N6.5trn  (N4.9trn in Dec […]

Entertainment

Gospel singer, Mercy Chinwo gets a car gift on her birthday (video)

Nigerian gospel singer, Mercy Chinwo turned a year older today and she was surprised with a car gift on her day. Mercy Chinwo got the birthday gift from her management company. Some entertainers which include Josh 2 Funny, Apeh Harrison and Chris Morgan were present when the gospel singer received the gift. The singer who […]

Entertainment

I always thought our problem was our leaders till I joined politics – Yul Edochie

Nollywood actor cum politician, Yul Edochie has stated that Nigerian people are a big part of the problem which includes the country’s leaders. In a series of tweets, Yul Edochie revealed that the people are a part of Nigeria’s problem because they only want to vote for the politician who has money to dole out. […]

Entertainment

Rapper, Ikechukwu recounts how he was kidnapped by SARS operatives

Veteran Nigerian rapper, Ikechukwu has just shared his sad experience with SARS operatives last night in Lagos. Narrating his ordeal, the rapper said, ‘I was kidnapped by sars lastnight. Two mins away from my house, taken to lagos island and made to exhaust my atm allowance or i would be killed and no one would […]

Entertainment

“Wait and see now” – Davido speaks on expecting a child with his girlfriend, Chioma (video)

Davido, in a recent interview spoke about his upcoming wedding to his lover, Chioma and also addressed rumors that she is pregnancy. The 27 year old singer who had his wedding introduction on Monday September 2nd, said their wedding will hold in 2020. We have not started all that plans yet. 2020 is the year […]

Entertainment

American Comedian, Kevin Hart In Intense Pains After Ghastly Car Crash

Popular Hollywood actor, Kevin Hart has suffered three separate fractures to his spine when he was involved in a car accident at the weekend. The 40-year-old actor was involved in an accident when his car veered off the Mulholland Highway in Malibu, California ending up in a gully about 10 feet off the road on […]