Business

President Muhammadu Buhari is leading an eight-man Nigerian delegation to Abidjan, Cote d’Ivoire, to attend a two-day United Nations organized conference on the future of land, regarding desertification, drought, degradation, rights, restoration and implications for national and world economies.  According to a release issued Sunday by presidential spokesman, Mallam Garba …

The National Drug Law Enforcement Agency, has apprehended two expectant mothers and one barber, over drug peddling, last week. The drug peddlers were picked up at Murtala Muhammed International Airport, Ikeja, Lagos. The Agency equally added that its operatives intercepted large consignments of psychoactive substances in parts of Northwest, Northeast …

Governor of the Central Bank of Nigeria, Godwin Emefiele, has picked the All Progressives Congress N100m presidential nomination and expression of interest form. He reportedly picked up the form on Friday in the Federal Capital Territory. When contacted on Friday for a reaction, a leader of the Emefiele Mobilisation Team, …

The World Bank has said that Nigeria and nine other countries account for 75 per cent of global gas flaring. The nine other countries include Russia, Iraq, Iran, the United States, Venezuela, Algeria, Mexico, Libya, and China. This was disclosed in the 2022 Global Gas Flaring Tracker Report published on …

Investors gained N262.8bn on Wednesday at the end of trading on the floor of the Nigerian Exchange Limited. The Federal Government had declared Monday and Tuesday as public holidays to mark the Workers Day and Eld-el-Fitr celebrations. The market capitalisation of the equities listed on the NGX rose by 0.98 …

Mr. Tony Elumelu, Africa’s top entrepreneur and philanthropist, has in sunny Los Angeles, United States, canvassed that the humongous $26 trillion private sector funds be channeled to Africa. The capital belonging to U.S. capital fund owners and asset managers will be great interventionist funds for young African entrepreneurs, and also …

Nigerians will begins to enjoy the 5th Generation network by August as the Nigerian Communications Commission (NCC) has confirmed issuance of the final letters of award to the successful bidders. The regulator made this known in a statement on Wednesday. MTN Nigeria and Mafab Communications had won  the 3.5GHz spectrum …

Vice President Yemi Osinbajo says the Kano Durbar festival is not only a spectacle from a city of firsts, but also a symbol of Nigeria’s diverse and beautiful cultures.Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja,  said the vice president graced the Royal Durbar organised by the …

The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised over eight years ago, according to the Central Bank of Nigeria data. In July …

The Director-General, Debt Management Office, Ms Patience Oniha, has said that many state governments still struggle to pay arrears, a development that threatens the level of debt sustainability in states. She said this in a presentation document titled ‘Paths to sustainable debt management: the SFTAS approach’, which was obtained by …