Browsing Category
Business
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks…
Fuel Crisis: NNPC Threatens To Blacklist Depot Owners
The Nigerian National Petroleum Corporation (NNPC) has threatened sanctions against private depot owners found selling fuel above the governmentapproved ex-depot price of N148.17 per litre. Fuel queues resurfaced…
Saraki set for showdown with terminal operators over container deposit
THE Minister of State for Transportation, Senator Gbemisola Saraki, has frowned at the high cost of doing business at the nation’s seaports, vowing to reverse the trend. Speaking during an interactive meeting…
Nigerian govt begins implementation of sugar tax
Nigerian Government has started the implementation of the N10 taxation per litre of Sugar-Sweetened Beverages (SSBs) to reduce the incidences of Non-communicable Diseases. Mr Dennis Ituma, Chief…
Nigeria To Rollout 5G Spectrum By August
The Nigerian Communications Commission (NCC) has said it will roll out the Fifth Generation (5G) technology in August. The Executive Vice Chairman, NCC, Prof. Umar Danbatta, said this at the 90th Edition…
Drinksdirect.ng and Cane Integrated Investment Ltd on Empowering Women And Young Adults In…
Have you been wondering how to kickstart your business journey and you’re unable to raise capital? Do you own or have…
Nigeria’s revenue from train services increased by 199% to N6.1bn in one year – NBS
The Nigerian Railway Corporation (NRC) says it generated N6.08 billion…
Polaris Bank obeys court order, pays customer N500,000 for failed POS transaction
Polaris Bank on Wednesday paid N500,000 as damages to a customer in Akwa Ibom State who had complained that the bank…
Reps want gamers to link sports betting accounts with NIN
The House of Representatives has urged the Federal Government to ensure that online betting customers link their accounts with their National Identity Numbers. The House directed the National Lottery Regulatory…
Safe driving: FRSC commissions Dangote truck driving school
…Dangote also trains block makers in Kano, Katsina to prevent building collapse Leading Cement manufacturer, Dangote Cement…
Telcos shake off SIM-NIN losses, recover 16million subscribers
The telecommunication industry is beginning to shake off the effect of the National Identification Number and Subscriber Identity Module policy as it recovers 16.94 million active subscribers within 11 months,…
Oando resolves shareholder dispute, announces 2019, 2020 results
A Nigerian energy solutions provider, Oando, has finally released its long-anticipated full-year…
Amid Record Low Production, Nigeria’s Oil Rigs Count Remains Unchanged in May
For the second month running, the number of active oil rigs in the country remained unchanged in May, amid a record low production of 1.024 million barrels per day (bpd) for the month. Still struggling with…
Twitter board approves Elon Musk takeover
Twitter board of directors on Tuesday unanimously approved Elon Musk’s $44 billion buyout offer, according to a Security and Exchange Commission filing. Shares of Twitter rose slightly by less than 1% in the…
Petrol price remains N165 per litre – FG insists
The Federal Government on Tuesday said the fixed pump price of Premium Motor Spirit (PMS) remains N165 per litre as stipulated in the petroleum product pricing template. The government also advised Nigerians against…
REVEALED: Peter Obi administration’s $12.24m stake in International Breweries now worth $5.38m
In a 2018 interview, Peter Obi said he invested $20 million in International Breweries…
CBN Raises Online Transfer Limit To N25 Million And N250million For Individuals And Companies…
The Central Bank of Nigeria (CBN) has raised the limit for ‘Highly Secured Online Funds Transfer’. This begins from…
NNPC begins operation as limited liability entity July 1
The activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) for the new week started with a cheering news that the company would begin operation on July 1 as a limited liability company. The…
14 Banks Raked in N47trn as Deposits, Disbursed N25trn Loans in 2021
* Zenith, Access, UBA, GTCO, First Bank, Ecobank maintain industry dominance Fourteen banks listed on the Nigerian Exchange Limited (NGX) raked in a total of N46.863 trillion from their respective customers…
Why FG can’t intervene in rising cost of diesel, aviation fuel – Sylva
The Federal Government is not in a position to intervene in the rising price of diesel and aviation fuel because prices for both products are deregulated, the Minister of State Petroleum Resources, Chief Timipre…
7 Reasons Why You Should Make ‘The SME Mall’ Your Business Growth Partner
The SME Mall a digital platform designed to connect individuals and businesses with professional service…
Sanctioned Russia becomes China’s main source of oil
Customs data showed Monday that China ramped up crude oil imports from Russia in May, helping to offset Russia’s losses from western nations’ sanctions. Sanctions had scaled back patronage of Russia’s energy…
At $450mn, Nigeria Owes 25% of Global Airlines’ Blocked Fund, Says IATA
International Air Transport Association (IATA) is planning another round of discussions with Nigerian officials to…
Apapa Gridlock Disappearing As Logistics Cost Reduces By 120%
…FG should reduce age limit of imported used cars to 2010 –Alabi Indication at the weekend was that the notorious traffic congestion on the Lagos port access road otherwise referred to as Apapa traffic…