News - Business and Economy

Minister Hands Over Ogoni Sites To Contractors

1 month ago /

The Minister of Environment, Suleiman Hassan has handed over the remaining five sites in Eleme and Tai to contractors for the remediation of the impacted land in Ogoni land.

CSO Condemns Bill Criminalizing Electricity Theft

1 month ago /

Members’ of the Civil Society Group in Edo State have called on the State Assembly to throw out a bill to criminalise electricity theft which recently scaled third reading.

Bayelsa Oil Communities Accuse Regulatory Agencies Of Complicity In Pollution

1 month ago /

Oil ravaged communities in Bayelsa State have accused the Department of Petroleum Resources (DPR), National Oil Spills Detection and Response Agency (NOSDRA),  and other regulatory bodies of conniving with oil multinationals in the destruction of their environment.

Trump Lost Bid Blocking His Release Of Financial Records

1 month ago /

U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump’s businesses.

Mobile Phone Retailers In Some Asian Countries Shun Huawei Devices

1 month ago /

Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google's suspending business with the Chinese firm will disrupt services.

Udoma Optimistic About Nigeria’s Economic Growth

1 month ago /

Nigeria ‘s Minister of Budget and National Planning, Udoma Udo Udoma says the 2019 first quarter performance of 2.01 percent represents the strongest since 2015 and is encouraging, although the economy slowed from 2.38 percent in the preceding quarter.

Nigeria Loses N15bn Yearly To Sub-standard Products – SON

1 month ago /

Nigeria loses about fifteen billion naira annually as a result of substandard products which ranges from drugs, electrical and electronic household appliances, building materials, tyres and tubes, automobiles, machine spare parts, to food and machines that continue to find their way into the Nigerian market.

Adamawa To Sue Zenith Bank For Breach Of Contract

1 month ago /

Barely a week to the expiration of Governor Jibrilla Bindow’s administration, the Adamawa state government says it will take legal action against Zenith bank for the delay of April salary. The decision was made after the state executive council meeting presided over by the Deputy Governor, Martins Babale.

Ondo Oil Well Inferno Rages 36-days On

1 month ago /

The Ondo State House Of Assembly has urged the management of Chevron to be more proactive in putting out the 36-day old oil well fire at Ojuimole community in Ilaje Local Government Area of the state.

China’s Stock Falls After US Report Could Ban Another Tech Firm

1 month ago /

China’s major stock indexes fell on Wednesday, as trade worries intensified following a report that the United States could blacklist another Chinese tech firm after banning Huawei Technologies last week.

Nigeria’s GDP Grows At 2.01% In Q1, 2019-NBS

1 month ago /

Nigeria’s Gross Domestic Product (GDP) stands at 2.01% in the first quarter of 2019.

Nigeria Supports Take-off Of ECOWAS Regional Satellite

1 month ago /

The Nigerian government says it will support the full take-off of a regional satellite that will serve the needs of the people and bridge the technology gap between Africa and other developed economies.

ICT Contributes Over 2 Trillion Naira To Nigeria’s GDP – Minster

1 month ago /

Nigeria’s Information and Communication Technology sector now contribute over 2 trillion naira per quarter to Nigeria’s G.D.P.

EFCC Arraigns Naira Marley For Credit Card Fraud

1 month ago /

The Economic and Financial Crimes Commission on Monday arraigned upcoming musician, Afeez Fashola popularly known as Naira Marley.

Saudi Arabia Deposits $250m In Central Bank To Aid Sudan’s Economy

1 month ago /

Saudi Arabia said on Sunday that it deposited $250 million with the Sudanese Central Bank.

NPA Remits N24.65 BN IGR To Fed Govt. For 2018

2 months ago /

The Nigeria Port Authority, NPA, has remitted 24.65 billion to the consolidated revenue fund from its 2018 internally generated revenue fund.  

ECOWAS Members Agree On Biosafety Strategy

2 months ago /

ECOWAS on members states have agreed on the need for a common regulation to tackle biosafety issues in the sub-region.

Echoes Of Resource Control As Ijaws Mark Isaac Boro Day

2 months ago /

Following the growing injustice, inequity and unfair treatment meted on the oil-rich Niger Delta region, the people have re-echoed the call for equity and fairness from the Nigerian state.

Nigeria’s Housing Deficit Blamed On Inadequate Financing

2 months ago /

The widening housing deficit in Nigeria has been blamed on the lack of adequate financing.

Akeredolu Commended For Industrialization Drive

2 months ago /

The caretaker chairmen of eighteen local government areas of Ondo State have commended Governor Rotimi Akeredolu for the industrialization drive of his administration in the past two years.