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Nigeria earns $236 billion from petroleum exports in five years
Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown.…
Huawei asks Verizon for more than $1 billion in patent licensing fees
Huawei has told Verizon that the U.S. carrier should pay licensing fees for more than 230 of the Chinese telecoms equipment maker’s patents and in aggregate is seeking more than $1…
FG may lift land border vehicle importation ban — Customs boss
The Federal Government may relax the ban on importation of vehicles through the land border.The government had in January 2017 ordered a ban on importation of vehicles through the land borders.The restriction on the…
Bank accounts with BVN rise to 38m
•34.9m still unlinkedThe number of Biometric Verification Number (BVN) linked accounts in the country rose to 38 million as at June 9 this year.This, New Telegraph learnt, showed that about 600,000 accounts were linked in…
Oando: Tinubu gets order for judicial review of SEC fine, ban
The Federal High Court in Lagos has granted leave to Oando Plc Group Chief Executive Officer Mr Wale Tinubu and his deputy Mr Omamofe Boyo to file a motion for a judicial review of the Securities…
CBN reacts to exchange rate policy change, says Naira not “floated”
The Central Bank of Nigeria (CBN) has finally responded to the report of change in Nigeria’s exchange rate system, dismissing the report that naira has been “floated”. According to information…
Four simple ways to get out of debt
Being in debt sucks and can be extremely stressful, however with determination and discipline, there are some simple and effective ways to get out of it. Here are four ways you can get out of debt.…
NPA Approves 10 % Discount On Habour Dues
As part of efforts to increase patronage at the Eastern Ports, the management of Nigerian Ports Authority (NPA) has approved a ten Percent (10%) discount on harbour dues in all concession…
Amazon will serve any government agency with facial recognition technology, so long as it’s legal
The head of Amazon.com Inc’s cloud computing division on Monday said the company would work with any government agency that followed the law, in contrast with rival Microsoft Corp, which has…
Africa’s Technology Hub Rises in a Congested Lagos Neighborhood
The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook Inc. and Alphabet Inc.’s Google.The Yaba area, home…
Mixed Reactions Greet SEC’s Suspension of Oando’s AGM
Some shareholders of Oando Plc yesterday protested as the Securities and Exchange Commission (SEC) suspended the company’s annual general meeting (AGM), billed to hold today.SEC had announced the suspension of the AGM in…
SEC suspends Oando Plc AGM till further notice
The Securities and Exchange Commission (SEC) has suspended till further notice the Annual General Meeting (AGM) of Oando Plc scheduled to hold Tuesday. The Commission made this known on Monday in a…
‘NNPC recorded N174.63b petroleum products sales in March’
The Nigerian National Petroleum Corporation (NNPC) recorded N174.62 billion sale of white products in March, the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019 has stated. A…
IMF Warns Of Tech Firms Causing Disruption To Nigeria, Other Countries’ Financial System
Giant technology companies might cause significant disruption to the world's (including Nigeria's) financial system, the head of the International Monetary Fund has warned. Christine Lagarde…
A $442 Billion Money Manager Says Tech’s Glory Days Are Over
Calling a top in technology stocks isn’t for the squeamish, but that’s just what one brave investment manager is doing.That poses a dilemma for the stock market, says Principal Global Investors’ Seema Shah. Tech has…
CBN Act demands we defend Naira, says Emefiele
The Central Bank of Nigeria (CBN) vowed on Saturday to sustain its policy of defending the naira against world currencies for the next five years. It said the policy is backed by the CBN Act. Speaking…
The Wealth Detective Who Finds the Hidden Money of the Super Rich
Gabriel Zucman started his first real job the Monday after the collapse of Lehman Brothers. Fresh from the Paris School of Economics, where he’d studied with a professor named Thomas Piketty, Zucman had lined up an…
Nwogwuwu, Arise TV MD, takes on Peterside over Oando forensic report
Ijeoma Nwogwuwu, the managing director of Arise TV, says it is disingenuous for Oando Plc. to say it was not aware of the forensic audit by Securities and Exchange Commission (SEC). Speaking on the issue…
Nigeria’s sugar imports from Brazil falls by N162.8bn
Importation of sugar by Nigeria from Brazil has dropped by 17.46 per cent (N34.45 billion) from N197.3 billion ($540.57 million) to N162.85 billion ($446.17 million). The import was reduced by 17.47 per cent in one year…
Stanbic IBTC appoints new board members, elevates others
In an effort to consolidate on its impressive financial performances and market leadership across the financial services spectrum, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced a…
$48b forex inflows, $45b reserves stabilise naira
RISING dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the naira in the official and parallel markets. The I&E…
Prepaid meters available for sale from June 15, EEDC tells south-east residents
The Enugu Electricity Distribution Company (EEDC) says it will commence the deployment of prepaid meters to its customers in the south-east from June 15. In a statement on Tuesday, Chukwuemeka…
Oando saga: Operators seek FG intervention, laud SEC’s audit outcome
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.They made the call in interviews with the News…
Glo, 9Mobile set to list on Stock Exchange – NCC
With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and…