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BREAKING: Rivers acquires Shell stakes in Ogoni
Rivers government has acquired Shell Petroleum Development Company (SPDC) 45% stake in the Oil Mining Lease 11 in Eleme and other parts of Ogoni land in the state. Governor Nyesom…
How forex restriction, border closure could unlock N1trn for farmers
Despite the vast agricultural potential, Nigeria is a net food importer, with the vast majority of people engaged in agriculture operating at subsistence level.The country spends an average of US $22 billion (₦7.92…
From Militant to Farmer: The Inspiring Story Of Reston Tadheke
On Saturday, 28 September, I visited a farm initiative by a young Nigerian in Keffi, Nasarawa State. I couldn’t belief what I saw. Reston Tedheke’s story is…
Benin counts the cost after Nigeria shutters border
Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19,…
P&ID Gives Nigeria Condition To Negotiate $9.6bn Award
Following the ruling of the UK court on Thursday, Process and Industrial Developments Limited (P&ID) on Sunday gave Nigeria condition for negotiating the $9.6 billion awarded in its favour.The UK court had on…
How to recover N270b debt from DisCos, by TCN
The Transmission Company of Nigeria (TCN) has written a letter to the Minister of Power, Sale Mamman, on how to compel the electricity distribution companies (DisCos)…
Volkswagen hires Cadillac boss
Volkswagen has hired an executive who once ran Cadillac and Infiniti to help oversee its North American operations. The German carmaker said that Johan de Nysschen will become Chief…
We’ve enjoyed huge patronage from Buhari administration – Innoson
Innoson Group of Companies Nigeria limited on Sunday said it has enjoyed huge patronage and support from the President Muhammadu Buhari-led administration. Chairman of the group,…
Border closure: Traders lose N15billion, says Igbo group
The Ndigbo Unity Forum (NUF), a pan-Igbo socio-political group, claimed that traders have lost about N15 billion since Nigerian authorities shut the borders with neighbouring countries.…
Nigeria’s blockade of Benin is having a ripple effect across West Africa
Nigerian President Muhammadu Buhari ordered the partial closing of its boundary with Benin last month to curb smuggling of rice and other commodities. The blockade has had a ripple effect across West Africa, with…
Uncovered: Plot to attack, disrupt Fidelity Bank services
A plot to disrupt the services of Fidelity Bank Plc has been uncovered and those accused of planning this are some of the outsourced staff who were recently recalled by their…
Central Bank disbursed N299 billion loans through these Agricultural schemes in 2018
The Central Bank of Nigeria (CBN) disbursed the sum of N299.16 billion through six (6) Agricultural Schemes in 2018. According to the Central Bank’s annual report…
Nigeria makes World Bank’s list for top-20 “improvers in doing business”
The World Bank Doing Business (DB) team has announced Nigeria as one of the top-20 improvers in doing business out of 190 countries. Dr Jumoke Oduwole, Special…
Calabar Seaport Receives 1st Container Vessel In 13 Years
Thirteen years after its concession, Calabar Port Complex has received its maiden Marguisa Shipping Line’s container vessel. The port has not enjoyed patronage of container liners due to draft limitations on the…
Why Warren Buffet’s $4.6m lunch with Bitcoin entrepreneur is experiencing delay
Year in, Year out, Warren Buffet auctions off a three-hour lunch date tagged The Power Meal. This is an exciting adventure for those who can afford it as they get a chance to…
16,000 people to be repatriated after Thomas Cook collapse
Britain’s Civil Aviation Authority (CAA) said more than 70 flights were scheduled for Thursday to bring back 16,000 people to the country following the collapse of Thomas Cook.…
Irish Authorities And AIB Drawn Into $9.6bn Nigerian Dispute
Irish authorities and AIB are being drawn into a high-profile international legal dispute between Nigeria and a company founded by Irish investors that is claiming $9.6 billion…
We want govt to make it mandatory for companies to fortify rice, says Dangote
Aliko Dangote, the president of the Dangote Group, says his company wants the government to make it mandatory for companies to fortify all rice product consumed in the country. The…
How N300b VAS market crashed to N79b
The Value Added Service VAS segment of the Information and Communications Technology, the ICT industry is one of those that built the sector’s confidence to take over from oil as the mainstay of the economy.The…
Seme Border closure: West African CFA Franc crashes
The West African currency, CFA Franc, has crashed against the Naira to a new record low at the black market trading at 10,000 CFA early Wednesday to N5,850 due to the closure of Nigeria’s land borders.Our…
How So Fresh founder dumped oil money to sell fruits and salads
How “crazy” are you? Crazy enough to quit a job in an oil and gas company to sell fruits and salads? In 2017 when singer, Mr Eazi, disclosed that he resigned from his oil and…
Wedding misery for man named Thomas Cook as travel firm collapses
British man named Thomas Cook said Monday he feared his dream wedding in Greece was ruined after the collapse of the holiday firm with the same name. Cook, 29, is on the island of…
Nigeria breaks negative foreign portfolio flows
For the first time in 12 months, Nigeria has recorded positive foreign investment flow as foreign portfolio investors (FPIs) appeared to be showing renewed interests…
178 years-old Thomas Cook collapses, strands 600,000
Thomas Cook, the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.Chief…