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Wednesday, July 18, 2018

N1.02trn Power Bailout Funds fail to Lift sector

N1.02trn Power Bailout Funds fail to Lift sector The Federal Government has committed the sum of N1.023 trillion in bailouts in the form of low...

ETranzact Strengthens Financial Inclusion With 10,000 Mobile Money Agents

ETranzact Strengthens Financial Inclusion With 10,000 Mobile Money Agents   ETranzact, Africa’s e-payments solution provider, is set to strenghten financial inclusion by expanding its PocketMoni service...

Lumos Donates 100 Solar Systems to Nigerian Army

Lumos Donates 100 Solar Systems to Nigerian Army As part of its Corporate Social Responsibility (CSR) to Nigeria, Lumos, Nigeria’s foremost solar power and off-grid...

BoI To Disburse N250bn To MSMEs At Single Digit Interest

BoI To Disburse N250bn To MSMEs At Single Digit Interest   The Managing Director, Bank of Industry, Mr Olukayode Pitan, has said the $750m (N250bn) syndicated...

Firm Launches New Digital Currency

Firm Launches New Digital Currency A Nigerian blockchain technology and digital currency firm, eWealthAtlantic, has introduced a new digital currency, called CoinForAll. The firm said in...

OANDO Insider Dealing: Ex-DG SEC, Gwarzo Vindicated by London Court

OANDO Insider Dealing: Ex-DG SEC, Gwarzo Vindicated by London Court …Orders Tinubu, Boyo to Pay $680m The suspended Director General of the Securities and Exchange Commission...

Stock Market Loses N320bn On Political Uncertainties, Profit-taking

Stock Market Loses N320bn On Political Uncertainties, Profit-taking   With two weeks into the second half (H2) of the year, the Nigerian equities market has lost...

NNPC Plans 14mw Oil Palm-biodiesel Project For Cross River Communities

NNPC Plans 14mw Oil Palm-biodiesel Project For Cross River Communities The Nigerian National Petroleum Corporation (NNPC) has commenced comprehensive community integration and stakeholders’ engagement to...
President Xi Jinping of China

Chinese economy slows down in Q2

Chinese economy slows down in Q2 Chinese growth slowed slightly in the second quarter as the world’s number two economy faced a snowballing trade fight...

Ibeto Group, Chinese Firm to Start 2 Cement Plants in Ebonyi

Ibeto Group, Chinese Firm to Start 2 Cement Plants in Ebonyi The Ibeto Group and Sinomas Chinese Group of Companies have concluded plans to establish...

SEC Dedicated to robust Market – Uduk

SEC Dedicated to robust Market - Uduk The Securities and Exchange Commission, SEC has restated its dedication to collaborate with relevant stakeholders to further...

China Offshore Oil Firm to Invest $3bn in Nigeria

China Offshore Oil Firm to Invest $3bn in Nigeria The Management of China National Offshore Oil Corporation (CNOOC) has expressed readiness to invest additional $3billion...

Dangote gets $650m Afreximbank loan for Lekki refinery

Dangote gets $650m Afreximbank loan for Lekki refinery Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank...

Nigeria, Netherlands trade volume hit N1.2trn

Nigeria, Netherlands trade volume hit N1.2trn Nigeria Ambassador to the Netherlands, Oji Ngofa has expressed satisfaction with the current volume of trade between the two...

AMCON Seizes Sigma Apartments Over ₦1bn Debt

AMCON Seizes Sigma Apartments Over ₦1bn Debt Hon. Justice Binta Nyako of the Federal High Court Abuja Division has granted an order for Asset Management...

FAAC: No Grudge With NNPC- States

FAAC: No Grudge With NNPC- States Following another deadlock in the meeting of the Federation Accounts Allocation Committee (FAAC) last week, the 36 States’ Commissioners...

FIRS Hits N2.52trn Tax Collection in 6 Months

FIRS Hits N2.52trn Tax Collection in 6 Months The Federal Inland Revenue Service has announced that it realized a total of N2.52 trillion from various...

Stanbic IBTC, Dangote Cement Partners On N50b Commercial Paper Issuance

Stanbic IBTC, Dangote Cement Partners On N50b Commercial Paper Issuance   Stanbic IBTC Capital, and Stanbic IBTC Bank, subsidiaies of Stanbic IBTC Holdings Plc, have partnered...

Ondo Ready for Bitumen Exploration

Ondo Ready for Bitumen Exploration Ondo State Governor, Oluwarotimi Akeredolu has said that the mining and exploration of bitumen in the state would commence before...

$1.3bn Abuja Light Rail Debuts

$1.3bn Abuja Light Rail Debuts President Muhammdu Buhari on Thursday commissioned the $1.3bn first Abuja Light Rail system in demonstration of the commitment to address...

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