The Federal Government says it has achieved 100 per cent in the production of Subscriber Identification Module cards as well as the manufacture of many components of cell phones used in the country. The Minister of Communications and Digital Economy, Dr Isa Pantami, said this when featured in a special News Agency of Nigeria interview programme in […]Read More
President Muhammadu Buhari said Nigeria lost an estimated $50billion worth of investments in ten years, created by the uncertainty of non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in the petroleum industry. Buhari said this in his remarks at a ceremony on passage of the Petroleum Industry Act (PIA) which preceded […]Read More
The Nigerian National Petroleum Corporation (NNPC) has investment in gas-fired combined cycle power plants to produce at least 5,000Mega Watts (MW) additional power. Its Group Managing Director, Mallam Mele Kyari, broke the news while signing for the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for a 50Megawatts (MW) Emergency Power Project […]Read More
The Consumer Price Index, which measures inflation dropped further to 17.38 per cent (year-on-year) in July 2021. This is 0.37 points lower than the rate recorded in June 2021 (17.75 per cent). The National Bureau of Statistics disclosed in its Consumer Price Index report for June which was released on Tuesday. Meanwhile, food inflation declined […]Read More
The Federal Government has released a request for qualification for the concession of four international airport terminals and other related services. The Permanent Secretary of the Ministry of Aviation, Mr. Hassan Musa, made this announcement in a statement issued to newsmen in Lagos on Monday by the Director, Public Affairs of the ministry, Mr. James […]Read More
The Nigerian equities market sustained its positive trend yesterday amid price appreciation in large-mid capitalised stocks extending gains to three days The stock prices appreciation in the likes of GTCO Plc, Dangote Cement Plc, among others impacted on the Nigerian Exchange Limited (NGX) market capitalisation, gaining N480.8 billion in three days. At the close of […]Read More
Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered by Oluseyi Oduyoye, Professor of […]Read More
As the country prepares for the implementation of the African Continental Free Trade Area (AfCFTA), the Standards Organisation of Nigeria (SON) has stated that it successfully obtained over 150 orders for the destruction of fake and substandard products from courts across the country in the last four years. The Director-General of SON, Farouk Salim, during […]Read More
The Nigerian Exchange Limited (NGX) halted four consecutive trading sessions of an uptrend, as profit-taking by investors on the Nigerian Exchange Limited (NGX) dragged the All-Share Index (ASI) by 0.3 per cent. Specifically, the ASI dipped by 126.32 points, representing a decline of 0.32 per cent to close at 38,801.51. Similarly, the overall market […]Read More
The United States government seized cryptocurrencies worth $1.2bn in the first half of 2021. This was disclosed by Director of Cybercrime at the Internal Revenue Service, Jarod Koopman, on CNBC. He said that the seizure of cryptocurrencies was usually a group effort involving agencies such as the Federal Bureau of Investigation, Homeland Securities Investigations, the […]Read More