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Latest News Sowore: Archbishop of Canterbury replies SERAP ReapVille School holds special assembly, elects PTA EXCO BREAKING: Jose Mourinho emerges new Tottenham Manager Bayelsa Guber: Jonathan was used by APC against PDP – Gov. Dickson Trader slams N45m suit on PDP, Saraki, Atiku, others over unauthorised use of photograph for campaign Akwa Ibom Assembly lashes Governor Emmanuel over poor quality roads 21 new kings in Ibadan lose crowns as court quashes case Irate youths machete rape suspect to death MAN, ICAN, oil producers, other stakeholders reject Buhari’s Finance Bill Nigeria loses N450bn annually to poor sanitation — Osinbajo Appeal Court affirms Ihedioha’s victory as Imo Governor Rivers serial killer: Court orders Police to produce second suspect

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (563,967 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,851 views) Shameless Genevieve Nnaji exposes breasts in public (402,128 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,627 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (304,168 views) 10 cars more expensive than Jets (282,513 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (259,210 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,432 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,965 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,353 views) Lagos plane crash: Journalist releases victims’ names (201,777 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,430 views)

 

MAN, ICAN, oil producers, other stakeholders reject Buhari’s Finance Bill

MAN, ICAN, oil producers, other stakeholders reject Buhari’s Finance Bill Various stakeholders in the Nigerian economy, on Tuesday, expressed reservations on the Nigeria Tax and Fiscal Law (Amendment Bill) otherwise called Finance Bill 2019. The Bill seeks to among others, amend the Companies Income Act, Value Added Tax, Customs and Excise Tariff and Personal Income Tax.  Others subject to amendment include...... more

Consult Embassy before business venture in Dubai- Ambassador

Consult Embassy before business venture in Dubai- Ambassador Nigerian Ambassador to the United Arab Emirates (UAE), Mohammed Rimi, has advised Nigerians coming to Dubai for genuine businesses to consult with the Embassy or the Consulate before embarking on such ventures. The ambassador gave the advice in an interview with the News Agency of Nigeria (NAN) in Dubai at the...... more

Reject MasterCard transactions with NIMC logo, court orders banks

A Federal High Court in Lagos has ordered all Nigerian banks not to honour any Mastercard transaction that has the logo of the National Identity Card Management Commission (NIMC) on it, pending the determination of a design infringement suit filed by Chams Plc, and Chams Consortium against the Singaporean payment and...... more

Border closure: Nigeria suffers highest inflation rate since May 2018

Border closure: Nigeria suffers highest inflation rate since May 2018 The closure of some the Nigerian borders has led to the increase in the food prices and subsequently pushed up annual inflation in the country. The National Bureau of Statistics monthly report released on Monday showed that annual inflation was 11.61% in October, up from 11.24% in September, indicating the highest...... more

Konga will break e-Commerce biggest day sales record soon — Chris Uwaje

Konga will break e-Commerce biggest day sales record soon — Chris Uwaje Africa Chair for IEEE-World Forum on Internet of Things (IoTs), Dr. Chris Uwaje, has boldly declared that foremost e-Commerce giant Konga will beat the record for the biggest single day sales in the near future. Uwaje, popularly addressed as the ‘Oracle’ of the Nigerian Information Technology industry, made this disclosure in...... more

Shoprite starts search for new Board Chairman

Shoprite starts search for new Board Chairman  Christo Wiese, the long-time chair of Shoprite, has indicated he will resign before the next Shoprite annual general meeting (AGM), in an announcement made by the listed retailer on Friday. Shoprite has started a search for his replacement, who will be independent, it said. Wiese has been chair since 1979. The...... more

Volkswagen plans €60b investment in future cars by 2024

Volkswagen plans €60b investment in future cars by 2024  German car giant Volkswagen said Friday it would plough 60 billion euros ($66 billion) by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans. The sum is an increase of 16 billion euros over previously-announced investments. In a plan approved by...... more

Forex: CBN intervenes with $341.75m, CNY14.7m

Forex: CBN intervenes with $341.75m, CNY14.7m The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million, in addition to CNY14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign market. CBN Director in charge of Corporate Communications Department, Mr. Isaac Okorafor, made...... more

FG to build $800M seaport in Warri – Amaechi

FG to build $800M seaport in Warri – Amaechi The federal government is set to build a new Sea Port, estimated to cost $800 million in Pessu area of Warri in Delta state. Minister of Transportation, Rt Hon Rotimi Amaechi disclosed this Thursday, at the Petroleum Training Institute Conference Centre, in Uvwie council area of Delta state. Amaechi who was...... more

Anambra Business, Investment Roundtable to hold November 25

Anambra Business, Investment Roundtable to hold November 25 As part of efforts to boost the economy of the state and guarantee a more sustainable future for its citizen, the Willie Obiano-led Anambra State Government is set to hold its third Business and Investment Roundtable on Monday, 25th November 2019, at Awka. The event is themed: “Beyond Infrastructure: Rethinking the...... more

NNPC secures $1.16m U.S. grant for 1,350MW Abuja Power Plant

NNPC secures $1.16m U.S. grant for 1,350MW Abuja Power Plant The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have concluded arrangements to sign a 1.16 million dollar grant as part funding for the NNPC-Abuja Independent Power Project (IPP). The Corporation disclosed this in a statement by Mr. Samson Makoji, Acting Spokesman for NNPC, in...... more

Nigerian stocks rise as local funds snap up banking shares

Nigerian stocks rise as local funds snap up banking shares Nigerian stocks rose 1.84% to a five-week high on Thursday, powered by banking shares, as local investors shut out of a treasury auction poured money into shares instead. The index, which is down 16% so far this year, rose to a level last seen in October, as Nigeria’s top 10 banking...... more

Zenith Bank, 12 others record N707bn net profit

Zenith Bank, 12 others record N707bn net profit Thirteen banks listed on the Nigerian Stock Exchange (NSE) have made a combined net profit of N707 billion in the first nine months of 2019. The banks are Zenith Bank, Guaranty Trust Bank (GTB), Access Bank, United Bank for Africa (UBA), Ecobank Transnational Incorporated (ETI), FBN Holdings, Fidelity Bank, Union Bank...... more

FG set to release N900bn for capital expenditure

FG set to release N900bn for capital expenditure The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, on Wednesday, said her ministry plans to release up to N900 billion for capital expenditure by December. The minister disclosed this while briefing State House Correspondents after the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo...... more

Fidelity Bank rewards customers with N15m

Fidelity Bank rewards customers with N15m Fidelity Bank Plc on Wednesday flagged off the maiden edition of its Get Alert In Millions (GAIM) Season 4 savings promo draw in Ibadan, Oyo State, splashing 13 customers across the nation with N15 million and other consolation prizes. The savings promo, which will end in April 2020, a duration of...... more

Interswitch sells stake to Visa

Interswitch sells stake to Visa Visa Inc (V.N) will buy a significant minority stake in Nigerian payments platform Interswitch, creating “an instant acceptance network across Africa” that will help drive expansion, both companies said in a statement on Tuesday. Interswitch and Visa did not provide financial details but a source confirmed media reports that Visa would...... more

Konga is built on sound, ethical behaviour, says Co-CEO, Imudia

Konga is built on sound, ethical behaviour, says Co-CEO, Imudia E-commerce giant, Konga has assured its numerous customers and other stakeholders of its continuous adherence to the highest level of ethical conduct. Giving the assurance in Lagos during a recent stakeholders’ meeting with merchants on the Konga platform, Co-CEO, Nick Imudia, disclosed that Konga will never deviate from its well-worn path...... more

Edo Govt to provide 100,000 hectares of land for oil palm investors

Edo Govt to provide 100,000 hectares of land for oil palm investors Gov. Godwin Obaseki of Edo, on Monday said the state government had concluded plans to open up about 100, 000 hectares of new land for oil palm investors in the state. Obaseki made this known during the 2019 Alaghodaro Youth Summit held in Benin to mark his third year in office....... more

Hope rises for South-East, South-South importers, exporters

Hope rises for South-East, South-South importers, exporters Hope rises for South-East and South-South importers and exporters,  just as Federal Government expects increase in revenue, as National Inland Waterways Authority, NIWA, vow to make Onitsha River Port functional. NIWA also promised that it will do everything possible under the law to recover its properties and investments in wrong hands...... more

Twitter CEO, Okonjo Iweala advocate youth employment via social media

Twitter CEO, Okonjo Iweala advocate youth employment via social media The Chief Executive Officer of Twitter, Mr Jack Dorsey and the former Minister of Finance, Ngozi Okonjo Iweala on Monday urged Nigerian youth to take advantage of various social media platforms to create jobs for themselves. They made the assertions at the African University of Science and Technology, Abuja, during a...... more

Oil will not save Nigeria — Obi

Oil will not save Nigeria — Obi Vice-Presidential Candidate of the Peoples Democratic Party (PDP) during the 2019 elections, Mr. Peter Obi, has advised Nigerians to look beyond oil for the economic salvation of their country. Obi gave the advice while delivering the keynote address to over 2,000 youths of the Centre for Strategic Leadership and Youth Orientation...... more

Economic diversification: Fayemi, Minister seek stakeholders’ buy-in for mining sector

Economic diversification: Fayemi, Minister seek stakeholders’ buy-in for mining sector Ekiti State Governor, Dr. Kayode Fayemi, and the Minister for Mines and Steel Development, Arc. Olamilekan Adegbite, have called for stakeholders’ buy-in for the exploitation of the economic opportunities in the nation’s mining sector. Speaking in Ado Ekiti at the closing session of the third edition of the National Council on...... more

Nigeria, Russia to sign agreement on pre-paid metres production

Nigeria, Russia to sign agreement on pre-paid metres production The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector. President of ACCI, Adetokunbo Kayode said that the agreement would be between Russian electrotechnical company,...... more

NCC to push for data price slash, halt illegal deductions

NCC to push for data price slash, halt illegal deductions The Nigerian Communications Commission (NCC) says it is working to resolve and implement the Federal Government’s directive on the challenges of illegal data deductions and to review the cost of data downward in the country. Mrs Uwa Suleiman, Spokesperson to the Communication Minister, Dr Isa Pantani, said in a statement issued...... more

Crowds besiege Konga Store on Victoria Island for pre-Konga Yakata experience

Crowds besiege Konga Store on Victoria Island for pre-Konga Yakata experience Bargain-hungry Nigerians have besieged the new Konga retail store located on Saka Tinubu Street, Victoria Island (VI), Lagos, for a taste of the pre-Konga Yakata shopping experience. The crowd which came out in their numbers was eager to be the first to get their hands on the amazing price slashes and...... more

Tiamin Rice invests $13.4m to boost capacity to 1,520 tonnes per day

Tiamin Rice invests $13.4m to boost capacity to 1,520 tonnes per day Tiamin Rice Mill Limited has invested a total of $13.4 million to boost its production capacity from the current 320 tonnes to 1,520 tonnes per day. The Managing Director of the company, Aminu Ahmed, disclosed this when he led the management of the company to pay a courtesy call on the...... more

Lagos presents N1.168trn 2020 Budget, over 11% of nation’s budget

Lagos presents N1.168trn 2020 Budget, over 11% of nation’s budget Lagos State Governor, Babajide Sanwo-Olu on Friday presented a budget of N1.168 trillion to the Lagos State House of Assembly for approval for the 2020 fiscal year. The proposal represent 11.3 per cent of the proposed 2020 budget of the entire country which is put at 10.22 trillion. The proposed budget...... more

Reps to investigate alleged non-repayment of $7bn foreign reserves

Reps to investigate alleged non-repayment of $7bn foreign reserves The House of Representatives says it will investigate the alleged non-repayment of seven billion dollars from the country’s foreign reserves, disbursed to 14 global asset managers and 14 banks by the Central Bank of Nigeria since 2006. The House on Thursday resolved to investigate the matter, after a motion sponsored by...... more

Christo Wiese looms large over Shoprite discord

Christo Wiese looms large over Shoprite discord Shoprite CEO Pieter Engelbrecht is doing remarkably well with the extremely difficult situation facing the group. It’s not just that the SA economy is struggling through the toughest conditions in decades, trading in the rest of Africa has been hit by the consequences of weak commodity prices, forcing management to implement...... more

Border closure not targeted at Igbo importers — Customs

Border closure not targeted at Igbo importers — Customs The Nigeria Customs Services (NCS) on Thursday, in Aba, the commercial nerve of Abia State debunked rumours making rounds that the joint border security exercise codenamed “Exercise Swift Response” was targeted at importers and exporters of various goods from the Southeast using the land borders. This is even as the NCS...... more

 

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